Andina

Over 480,000 firms have accessed Reactiva Peru loans, 98% were MSEs

11:05 | Lima, Oct. 29.

More than 480,000 businesses from all economic sectors have received loans within the framework of Reactiva Peru Program, the Central Reserve Bank (BCR) has reported.

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

With additional S/30 billion (about US$8.33 billion), the second stage of Reactiva Peru sought to provide liquidity at low rates to companies of all sizes, especially favoring loans to micro and small businesses.

It is worth mentioning that the second stage of the program began on June 30 and ended on October 20.

Therefore, funds for a total of S/88.06 billion (about US$24.45 billion) in government-backed repos have been offered in this stage, with S/25.28 billion (about US$7.01 billion) at an average interest rate of 1.73% having been placed for clients of financial entities.


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Published: 10/29/2020