Peru Peru

With Peru's fast growing economy, the land of the Inca's is helping the global fight against poverty and inequality to gain momentum.

  • Peru
  • Peru
  • Peru
  • Peru
  • Peru

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  • News

    01.26.11  | La Rédaction

    Peruvian Micro entrepreneurs can pay their taxes on line

    In order to minimize the administrative costs supported by the micro entrepreneurs and help them be on time in their payments, the Minister of Finance in Peru announced the launch of the on line tax and payment declarations.

    This is a first in Peru.

    Translation: Seforah Benhamou

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Economic and Social Context

Best known as the heart of the ancient Inca empire, Peru is the sixth largest economy in Latin America, and has the fourth largest population in South America with around 30 million inhabitants. It has experienced strong economic growth over the past fifteen years and managed to withstand the financial crisis in 2009 by maintaining growth at 3% [1]. However, regional disparities remain large between the capital, Lima, the coastal area, the north of the country, and the Andean regions where 70% of the indigenous population are still affected by poverty. With important agricultural and marine natural resources, Peru’s economy is based on the refinement and export of these resources. The agricultural products are varied, and include asparagus, paprika, corn, potato, and cocoa, as well as being a large producer of the illegal drug, cocaine. The fisheries sector is also important, with Peru being the world's largest producer of fish, at 9.5 million tons per year [2].


• GDP per capita of Peru is : 3 879 dollars [1] • Poverty rate : 44,5% [1] • Unemployment rate : 9% [1] • External debt/ GDP : 21,2% [2] • Growth : 4,9% [2] • Inflation: 1,2% [1] • Annual average exchange rate for : 2,88 [1]


Peru is a multi-ethnic country formed by the combinations of many different immigrant groups over the past five hundred years. Amerindians, the indigenous population of Peru, had lived there for several thousand years before the Spanish Conquest in the 16th century caused the death of 90% of the 9 million inhabitants, mainly through the spread of infectious diseases that the indigenous people had not developed immunity to. Since then the country has seen a steady influx of Europeans, Africans, Chinese, and Japanese immigrants.


The population of Peru is very diverse, due to large waves of immigration since the beginning of the republic. 47% of Peruvians are of mixed ethnicity. [1]. This fusion strongly characterises Peruvian culture, which has largely adopted European lifestyles and beliefs, while maintaining an element inherited from the indigenous culture of the Inca empire. The majority of the population are Catholic. Peru possesses some great names of Spanish literature, and painters such as Daniel Hernandez, who was a major artistic influence in twentieth century Peruvian painting. The national dance is the Marinera, a graceful dance for couples using handkerchiefs as props. The Peruvian handicraft industry is highly developed, and easily exported to Europe and America. It allows families and people (Sarhu) to survive while also transmitting their values of harmony and fertility. In Peru, the spirit of celebration is nurtured and every year more than three-thousand festivals are held including the feast of miracles in October during which thousands of Christians proclaim their faith in black clothing.

Microfinance in Peru

In Peru, small and micro enterprises make up 95% of the country’s manufacturing, service, and commercial sectors, yet in spite of the credit demands of such businesses, in 1994 commercial banks, NGOs and development agencies were only satisfying 5% of this demand. Thankfully, the microfinance market in Peru has experienced tremendous growth over the past decade, a direct consequence of the entry of several types of entities into the field, such as NGOs, banks, microfinance institutions, and rural banks. In fact, the country is very conducive to microfinance, and microfinance institutions are fastest growing financial institutions in Peru. The practice of microcredit is on two levels: one for major cities and is rather trade oriented, while the other level deals with rural areas and mainly finances agricultural activities.
República del Perú (es)
Republic of Peru (en)
Drapeau du Pérou Armoiries du Pérou
National Motto : Firme y Feliz por la Unión
Official languages Spanish and regional languages, mainly Quechua and Aymara
Capital Lima
12°02′S 77°01′W / -12.033, -77.017
Largest city Lima
Form of the state Presidential republic
 - President
 - Vice-President
 - Prime Minister
Alan García
Luis Giampietri Rojas
Javier Velásquez Quesquén
 - Total
 - Water (%)
Ranked; 20th
1 285 220 km2
 - Total (2008)
 - Density
Ranked; 39th
29 180 899 hab.
22 hab./km2
 - 28 July
from Spain
28 July 1821
Demonym Peruvians
Currency Nuevo sol (PEN)
Time Zone UTC -5
National Hymne Somos libres, seámoslo siempre
Internet Domain .pe
© Copyright authors of Wikipedia - Source : Pérou sur Wikipédia - This excerpt is licensed under CC-BY-SA



Fondesurco, an NGO, was established fifteen years ago following a pilot microcredit program initiated by a set of four NGOs operating in the southern region of the country. The project began with group loans that followed the Grameen Bank methodology.

The MFI has developed the majority of its business in the province of Arequipa, supporting agricultural activities in the Andean highlands, and is trying to deepen its presence in this region by offering services to the most remote villages.


Fondesurco distributes microcredit via its twelve branches, all located within rural areas of the province of Arequipa, and the neighbouring provinces of Moquegua and Ayacucho. The loans offered are dependent on the activity of the customers, and offer flexible terms tailored to the agricultural activities, which are characterized by irregular income resulting from the seasonal pattern of harvests.

Fondesurco also offers loans to pay for children’s school fees, as well as innovative products designed to meet specific needs, such as to enable farmers to store their crops longer after harvest so as to ensure they find the best market price.

Client Profile

Over 70% of Fondesurco clients are agriculture or livestock farmers living in rural areas of the province of Arequipa and surrounding provinces. The majority of the remaining 30% are merchants or craftspeople. In some regions clients work in tourism.


Fondesurco staff members generally local to the area in which they work, creating a stronger bond and increased mutual confidence in their relationships with their customers. They receive thorough training, including training in agriculture, before they start working with clients, enabling them to better-analyse the projects of micro-entrepreneurs. The head office staff are based in the city of Arequipa and generally have banking or microfinance backgrounds, ensuring rigorous and efficient management of the institution.

Types Of Loans

Fondesurco mainly finances agricultural projects. A typical loan, for example, enables a micro-entrepreneur to lease land for a season on which they can grow different types of potatoes that make up the traditional Andean meals. Many loans are also used to buy livestock.

Key figures
Date 31/12/2014
Legal Status NGO
Number of Borrowers 11,040
Portfolio Size $20,335,597
PAR (Portfolio at Risk) 0.47%
R.O.A (Return on Assets) 0.11%



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    Vue de l'extérieur de l'agence de Cocachacra

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    Vue de l'intérieur de l'agence de Cocachacra

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    Salle d'audit au siège social de l'institution

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    Salle d'audit au siège social de l'institution

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    Salle d'audit au siège social de l'institution

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    Bureau d'accueil au siège social

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    Bâtiment du siège social de FONDESURCO à Arequipa

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