COOPAC Kori is a savings and lending cooperative that started operations in Arequipa (Peru) in 2013 and is active in the regions of Lima and Arequipa. Kori offers individual and group loans to the MSME sector, where the group loans (named SUMAQ WARMI) are offered to female entrepreneurs that will have to form a group, where the group acts as a guarantor and the individual loans are offered to MSMEs with a stable business and a financing need to increase their working capital or invest in productive assets. Kori is regulated by the Superintendence in Peru and provides savings and takes deposits.
|Borrower||Cooperativa de Ahorro y Crédito Kori - COOPAC KORI|
|Founded||1 January 2013|
|Active on Lendahand since||1 May 2021|
Financial information per 2021-06-30
|Write-off ratio last 12 months||2.64%|
|% investment amount in arrears (>90 days)||2.62%|
Peru is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pacific Ocean. Peru is a megadiverse country with habitats ranging from the arid plains of the Pacific coastal region in the west to the peaks of the Andes mountains extending from the north to the southeast of the country to the tropical Amazon Basin rainforest in the east with the Amazon river. Peru has a population of 32 million, which includes Amerindians, Europeans, Africans and Asians. The main spoken language is Spanish, although a significant number of Peruvians speak Quechua or other indigenous languages. This mixture of cultural traditions has resulted in a wide diversity of expressions in fields such as art, cuisine, literature, and music.
Last funded project
With a loan of EUR 400,000 local partner KORI will be able to provide small working capital loans to 1,170 women from peri-urban areas of the city of Lima (Peru).