The beautiful landscape of Peru has lots to offer those who visit, but the country is more than just its pretty scenery. The pandemic has hit Peru hard, causing the economy to decline by 17.4%. 8.3% of Peru’s population already lives on less than $3.20 USD a day, and this number is likely to increase. With poverty comes high illiteracy rates among girls and women, especially in rural areas. Although Peru has a highly developed microfinance sector with principled regulators and laws that are favorable to the Peruvian in need, 65% of adults do not have any financial products in their possession. With the help of WCCN, the amount of rural citizens, women, and indigenous people that have access to financial assets is increasing.

OUR PARTNERS IN PERU

PACIFICO

Partner Since 2014

Founded in 1970 by descendants of Japanese immigrants, over 90% of initial members of the cooperative were of Japanese ancestry, but the composition of the membership has changed over time. The cooperative reaches poorer segments of the population, especially those in rural areas, by way of their association with EDPYMEs, cooperatives, and NGOs. With a speciality of providing small loans to rural groups of borrowers, Cooperativa de Ahorro y Crédito Pacífico (PACIFICO) provides 23,000 Peruvians with loans that average $404 each. 78 % of their clients are women.

RAINFOREST TRADING

Partner Since 2013

The 35 borrowing organizations of Rainforest Trading's serve roughly 10,000 farmers. Rainforest Trading is improving the competitiveness of small coffee farmers’ organizations, providing them with professional support in management, finance and technical assistance to access the international market in a sustainable way.

COOPAC KORI

Partner Since 2020

Coopac Kori is a cooperative focused on the financial growth of clients, especially those with small businesses. Its focus is women entrepreneurs and financial inclusion for traditionally excluded segments of the population. It provides financial literacy trainings for cooperative members and promotes a culture of saving. 

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