Cooperativa Pacifico

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Pacifico is a lending and savings cooperative that was founded in 1970 by the Japanese community in Lima. It is owned by nearly 35,000 members. Pacifico 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.

In Peru, the cooperative sector has played an important role on providing financial services to the population.

BIO´s 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.