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Over 443,800 enterprises have accessed Reactiva Peru loans, 98% were MSEs

16:28 | Lima, Sep. 17.

A total of 443,822 businesses from all economic sectors have received loans within the framework of Reactiva Peru Program as of September 9, the Central Reserve Bank (BCR) has reported.

It is worth highlighting that 98% of these businesses are micro and small enterprises (MSEs), which have benefited from historically low interest rates.

With additional S/ 30 billion (about US$US$8.491 billion), the second stage of Reactiva Peru Program seeks to provide liquidity at low rates to companies of all sizes, namely favoring loans to MSEs.

Funds for a total of S/ 65.05 billion (US$18.41 billion) in government-backed repos have been offered in this second stage (from June 30 to September 10), with S/24.80 billion (US$7.02 billion) at an average interest rate of 1.70% having been placed for the clients of financial entities.

On August 31,

the BCR affirmed that —without Reactiva Peru Program— monthly loans to all types of businesses would have fallen by as much as 1.3% in July, compared to the previous month.

As is known, Reactiva Peru enables the economic system to remain operational by preventing the payment chain from breaking, in the face of the global coronavirus (COVID-19) pandemic.

(END) NDP/MVB

Publicado: 17/9/2020