ALTERNATIVA | Microfinances insitution
Alternativa’s origins date back to 1992 from a project launched by the Chamber of Commerce of Lambayeque and the Inter-American Development Bank to boost the development of micro and small enterprises. Edpyme Alternativa has focused on building a strong rural presence, aiming to provide formal financing solutions to unbanked communities in remote areas of Northern Peru.
As of Apr-21, Alternativa reaches 45,256 clients in six regions of North Peru, where levels of poverty are of the highest in the country. Alternativa has a strong focus on rural and unbanked clients, supporting them with financial education and trainings. 44% of Alternativa’s clients have no access to other forms of formal financing, with 33% having income of under 5 dollars per day.
Alternativa is doing a strong work to boost environmental awareness and sustainable farming practices via its training and technical assistance activities to clients.
Investment: EUR 4 milion
Investment type: Senior unsecured debt
Technical Assistance: Pending
Investment date: October 2021