Fondesurco Coop – Peru
The first loan from Fondesurco Coop was disbursed in 2000. The institution is known in Peru as a pioneer microfinance organization in rural areas.
Fondesurco Coop operates in the poorest areas of Peru. Clients are low-income people who develop economic activities in the sector of trade and agriculture in small communities. The MFI serves four departments through a network of 20 branches.
The institution offers a range of credit products to its clients, such as loans for working capital, acquisition of fixed asset, loans for the agricultural cycles and credits destined to young micro-entrepreneurs. As at September 2014, Fondesurco granted 12,682 credits, of which 42% have been disbursed to women. In line with their market orientation and their social mission, 86% of the clients are living in rural areas.
Fondesurco’s department for development and innovation is developing new products with a high social value like the “green credits”. The pilot project FondeEnergía, developed in collaboration with ADA and MicroEnergy International, was created in order to finance solar water heaters and energy efficient ovens. Both products combine environmental benefits such as reduced emission of greenhouse gases with economic advantages for clients. Solar water heaters for example allow small hostel holders to increase room rates while reducing energy costs.
More information about Fondesurco Coop here
