Digital wallet of microfinance institutions will allow transfers for S/500 a day, as well as other benefits for users. Learn more about how this application will operate. In June 2023 the 11 microfinance entities that make up the Peruvian Federation of Municipal Savings and Credit Banks (FEPCMAC) will launch a unique digital wallet with certain […]
Tag: credits
Reactiva Peru: more than 42% of the loans are still owed
After more than two years of having implemented the Reactiva Peru credit program, thousands of companies have already begun to pay their loans as they have been reactivated; however, there are still outstanding balances. Thus, as of October of this year, of the S/58,044 million granted in credits, more than S/33,308 million have already been […]
Mivivienda Fund: they will disburse more than 20,000 Own Roof bonds in the new housing modality
The Fund MIVIVIENDA SA (FMV)a company attached to Ministry of Housing, Construction and Sanitation (MVCS), announced that, at the end of 2022, More than 20,000 Family Housing Bonuses (BFH) will be disbursed in the New Home Acquisition modality of the Techo Propio program (AVN-TP). From January to July of this year, 10,359 BFH have been […]
Government initiates process for the Banco de la Nación to give credits to mypes
Within the framework of the powers granted by Congress, yesterday the Executive Power published a legislative decree that dictates measures for the strengthening of the Banco de la Nación, with which the process begins so that in the short term the entity can offer financial products such as loans to mypes, and thus “complement the […]
Credit to the private sector accelerated 4.3% year-on-year in December, according to the BCRP
The Central Reserve Bank of Peru (BCRP) reported that credit to the private sector —which includes loans granted by banks, financial, municipal and rural savings banks and cooperatives—increased by 0.3% in December 2021 compared to the previous month, with greater growth in credit granted to individuals. In this way, the year-on-year growth rate accelerated for […]
BCRP: year-on-year credit to individuals accelerated to 4.1% in November
The Central Reserve Bank of Peru (BCRP) reported that the year-on-year growth of loans to individuals accelerated from 2.8% in October to 4.1% in November, the highest rate since June 2020. According to the monetary entity, this performance is explained by higher loans in soles, which advanced 5.0% year-on-year in November compared to 3.7% registered […]
BCRP: credit to individuals achieved year-on-year growth of 2.8% in October
Loans to individuals grew 2.8% in October of this year, compared to the same period of 2020. The figure is the highest registered since June of last year. The sector was driven mainly by loans in soles, which went from 2.8% in September to 3.6% in October, according to the Central Reserve Bank of Peru […]