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COFIDE, Corporación Financiera de Desarrollo
Does not lend directly to entrepreneurs: it channels credit from the Minam Biobusiness Program through savings banks and cooperatives, which the biobusiness approaches.
How can COFIDE help your biobusiness?
- What it offers
second-tier credittrust fund administrationguarantees
- At what stage
- I'm already operating · I need capital
- Who it serves
- Only through other organizations · Formal companies
- Where it works
- All of Peru
How do you access COFIDE?
- Can you apply directly?
- Yes, it serves biobusinesses directly.
- Do you need a business that already operates?
- Yes
- How hard is it to access?
- Demanding access
- Do you pay or co-fund?
- Paid
- Is it repaid?
- Repaid with interest or return
- Where does the money come from?
- Public
Mapping classification: Second-tier bank: it channels Biobusiness Program credit to savings banks and cooperatives, which the biobusiness approaches. It is credit with interest and a credit assessment; the sources describe no preferential rate, hence market return.
Sources and references
Dated public data behind this profile. What is published does not reflect everything an organization does.
COFIDE obtained accreditation with the Green Climate Fund, the first for a Peruvian bank with direct access to that fund, and presented its Biobusiness Program as a case before the development banks' Green Coalition for the Amazon. COFIDE: COFIDE y la Green Coalition impulsan estrategia conjunta para el financiamiento sostenible de la Amazonía (nota de prensa)
Caja Piura joined as the 12th financial institution in the Biobusiness Program, which Minam promotes with support from the IDB and coordination by COFIDE; the program reports more than S/ 39 million in loans and more than 3,900 Amazonian biobusinesses benefited. Minam: Caja Piura se une al Programa de Bionegocios del Minam
The Amazonas, Tocache and San Martín cooperatives and the Cusco and Huancayo savings banks signed contracts with Cofide for about S/ 38 million in loans to micro, small and medium enterprises that use biodiversity, under the Minam Biobusiness Program. Andina: Minam: Programa para Bionegocios incorpora a Amazonas, Ayacucho, Cusco, Huánuco y Ucayali