25 March 2020 – Provided loans for small and medium businesses

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

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