25 March 2020 – Provided loans for small and medium businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Ministry of Economy and Finance of Peru established a Business Support Fund for MSMEs run by the Development Finance Corporation. The corporation will set up an special purpose vehicle that will guarantee financial institution loans to MSMEs.

The fund in place for 5 years and provide favorable loan terms for borrowers. The scheme will guarantee credits between S / 30,000 and S / 90,000 for working capital needs. The total size of the fund will be S300 million.
Full details here: https://www.gob.pe/institucion/mef/noticias/111424-mef-publica-reglamento-para-operacion-del-fondo-de-apoyo-empresarial-que-garantizara-recursos-de-capital-de-trabajo-para-las-mypes