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- Global Micro-Enterprise Credit Project
Global Micro-Enterprise Credit Project
Peru
Borrower | Peru |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Financial |
Approved | 09.09.1997 |
Signed | 22.04.1999 |
Status | Completed |
Loan Administrator | OPEC Fund |
Executing Agency | Financial Development Corporation (COFIDE) |
Co-financiers | IADB, Swiss Government, Peruvian Government |
OPEC Fund Contribution (US$m) | 4.00 |
Total Project Cost (US$m) | 43.65 |
This project helped encourage the development of the country’s micro-enterprises, an important source of income, especially for women, as well as employing around three-quarters of the population. Small short or medium-term loans were granted to individuals in low-income groups who were engaged in small-scale production, trade or service activities.