Peru

The Production Ministry of Peru believes that 10 new factoring companies will open in the market thanks to a new law

In Peru, the Law for Strengthening Factoring will allow interest rates - set by banks for credit requested by micro, small and medium-sized enterprises (MSMEs) – to be reduced by half, from 30% to 15%, Piero Ghezzi, Peru’s Production Minister estimates

Legislature passes new proposals to address legal issues and foster competition

Bill aimed at fostering investment for smaller, non-commercial bank financial providers

Diego Razzeto Product Manager at Banco de Credito BCP talked to Yvonne Wedel Andersen about the sector’s success

The International Finance Corporation (IFC) has announced a US$50 million equity investment, which will help Lima-based BanBif double the number of small and medium enterprises (SMEs) it serves in Peru by 2017.

The International Finance Corporation (IFC) has announced a US$50 million investment which will help Banco Interamericano de Finanzas (BanBif) double the number of small and medium enterprises (SMEs) it serves in Peru by 2017.

Contempora plans to provide liquidity to SMEs.

Compass Group Peru expands SME Investment Fund to S/. 500 million

This year international factoring volume will reach US $265 million, BCP predicts.