COOPAC KORI 11
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).
€400,000
5.00%
12 meses
6 meses
EUR
MoedaMontante | €400,000 |
Interesse | 5.00% |
Maturidade | 12 meses |
Reembolsos | 6 meses |
Moeda | EUR |
O projeto
This is a local currency (LCY) project, which means that the liability of the Investee is in LCY, while the note held by the investors is denominated in EUR. This is possible thanks to the hedging agreement between the Lendahand FX Foundation and The Currency Exchange Fund N.V. (TCX).
Summary
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.
Mission
We are a formal financial institution, with a focus on financial inclusion, which seeks the progress of people with criteria of efficiency that allows sustainable growth.
Vision
To be agents of change to become the national benchmark for financial inclusion.
Use of Proceeds / Loan purpose
The project for the amount of EUR 400,000 will be destined for the placement of credits which I proceed to detail:
- The financing will be destined to women from peri-urban areas of the city of Lima as working capital.
- The benefited members belong to the type of microenterprise product of the commerce sector.
- The total number of benefited members will be 1170 with an average disbursed balance of EUR 350
- The total of groups are approximately 50
More information about #of entrepreneurs reached, sectors, type of loans & impact:
250,000 That's how many women entrepreneurs Lendahand's new portfolio company Kori has supported to grow so far. Cooperative Kori, based in Peru, focuses on the financial growth of people who have their own businesses and offers group loans for women entrepreneurs.
Sumaq Warmi
Lendahand is proud to add Kori as an investment opportunity to the platform. Specifically their product Sumaq Warmi, Quechuan (an indiginous language in Peru) for Wonderful Woman, which represents Kori's primary focus. To allow female entrepreneurs to grow their business. Mainly active in the informal labor sector, Peruvian women lack access to the financial system. Kori brings borrowers together by offering group loans and goes the extra mile to motivate them to empower each other by organizing encounters and group activities. Since Covid-19, the women send each other introduction videos and hold online group meetings.
Spurring small businesses
Entrepreneurship offers the surest path to prosperity in many parts of the world, but people living in remote areas - especially women - often lack access to business training. Kori accompanies their borrowers, having a business analyst guiding them to open both a bank and savings account.
According to the Peruvian government, 1.5 million micro and small enterprises throughout the country are led by women. Most of these female entrepreneurs started out of necessity; since their salary is not enough, they are unemployed or decided to look for a new step in their career. Previously, we wrote how the world's GDP would grow if more women participated in the labor force and which barriers they face. These obstacles are no different in Peru. Women are still more likely than men to hold the primary responsibility of unpaid work and caregiving within the home. They spend close to 40 hours per week on unpaid household activities, keeping them from economic advancement. Another barrier they continue to face, which is similar throughout the globe, is the lack of financing options. Through initiatives such as Sumaq Warmi, Kori enables opportunities for women and their families to keep growing.
The next generation
Compared to the 49% global labor force participation rate of women, Peru surpasses that average with 69%. Peruvian women are also intricately linked to our global economy and can break down barriers for women worldwide. By taking a step toward building and growing their businesses - be it formal or informal, small or medium - and getting access to funding, they empower the next generation of women in their country to do the same.
Nome da empresa | Kori |
DIRECTOR EXECUTIVO | Javier Ernesto Valencia |
Fundada | 2013-01-01 |
Localização | Arequipa |
Sector | Comércio grossista / retalhista |
Volume de negócios | €7,600,000 |
Empregados | 500 |
Pontuação de crédito | A+ |
Impacto
No Peru, 1,5 milhões de micro e pequenas empresas são dirigidas por mulheres. Principalmente activas no sector do trabalho informal, a necessidade mais significativa destas empresárias é o acesso ao sistema financeiro.
Proporcionar às mulheres empresárias opções de financiamento adequadas ajuda-as a ultrapassar as barreiras que as impedem de iniciar ou expandir os seus negócios. As características específicas dos empréstimos que atraem a típica proprietária de PME são empréstimos a longo prazo, taxas de juro mais baixas, garantias alternativas e períodos de carência de reembolso.
A Cooperativa Kori centra-se no apoio ao crescimento das mulheres empresárias no Peru, oferecendo-lhes empréstimos de grupo. A cooperativa reúne as mulheres mutuárias e organiza reuniões para se capacitarem mutuamente. A Kori oferece às suas clientes formação empresarial, ajuda-as a criar contas de poupança e muito mais.
As pesquisas mostram que as mulheres nos mercados emergentes investem 90 cêntimos de cada dólar extra que ganham nas suas famílias e ambientes imediatos. Isto traduz-se em melhor escolaridade, cuidados de saúde, estilo de vida em geral e, eventualmente, crescimento económico.
ODS impacto
Com este projeto, está a contribuir para os seguintes Objectivos de Desenvolvimento Sustentável:
ODS 1 - Erradicação da pobreza
ODS 5 - Igualdade de género
ODS 8 - Trabalho digno e crescimento económico
ODS 10 - Redução das desigualdades
Leia mais sobre o impacto que pode causar através da nossa plataforma e do sítio ODS na nossa página de impacto.
Publicações no blogue relacionadas
- Leia a introdução de Kori como uma nova oportunidade de investimento aqui.
- As mulheres empresárias são essenciais para uma economia poderosa. Leia porquê aqui.
- Quer saber mais sobre o investimento na perspetiva do género? Clique aqui.
- Quer saber mais sobre como a inclusão financeira pode favorecer o empreendedorismo? Leia aqui.
- Quer saber quais são as outras instituições de microfinanças que temos no nosso portefólio? Veja-as aqui.
- Com este investimento são criados 50 postos de trabalho
- Com este investimento 1170 vidas são melhoradas