Swiss Investment Fund
for Emerging Markets

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Cooperativa de Ahorro y Credito Pacifico

Cooperativa Pacifico is the largest and one of the oldest credit unions in Peru and has a longstanding footprint in MSME (micro, small & medium enterprises) financing. It has been a partner of SIFEM since 2018. While the country was hit hard by the Covid-pandemic, Cooperativa Pacifico proved resilient and continued focusing on the most vulnerable clients. SIFEM provides a USD 10 million loan to the financial institution to support the economic development in a difficult moment when the aftermath of the pandemic, slow growth and growing inequality accumulate.

Cooperativa de Ahorro y Credito Pacifico

Cooperativa Pacifico is the largest and one of the oldest credit unions in Peru and has a longstanding footprint in MSME (micro, small & medium enterprises) financing. It has been a partner of SIFEM since 2018. While the country was hit hard by the Covid-pandemic, Cooperativa Pacifico proved resilient and continued focusing on the most vulnerable clients. SIFEM provides a USD 10 million loan to the financial institution to support the economic development in a difficult moment when the aftermath of the pandemic, slow growth and growing inequality accumulate.

About the fund

SIFEM’s loan is earmarked for long-term financing to MSMEs. It enables the financial institution to grow its loan portfolio and increase its capacity to further contribute to the economic recovery and development of Peru, a SIFEM priority country. The institution has indicated its intention to expand its loan product offering for women and has been qualified for the 2X Challenge. 

Reference code
2022-07
Status
Committed
Date of commmitment
December 2022
Date of exit
-
SIFEM commitment
USD
10,000,000
Asset class
Private Debt
Investment strategy
Direct Investment