Invest
Summary
Pacifico is owned by nearly 35,000 members and is the leader cooperative in Peru and the largest in terms of assets, deposits, equity and net income. Its core business is SME lending, with some diversification on microfinance, consume and housing segments.BIO\xb4s financing will enable Cooperative Pacifico to grow its loan portfolio and increase its capacity to further contribute to the development of the local market by offering financial services to the micro, small and medium entrepreneurs in Peru. The SME segment has a strong impact in the development of the local economy as it is source of employment of 60% of the total population. In addition BIO\xb4s funds will be also dedicated to impulse the development of a recently launched business line committed to provide financing to other rural cooperatives, acting as a second floor institution. Through this new business line, Pacifico intends to diversify its loan portfolio and extend its financial services also to rural and productive cooperatives.