Peruvian government allocates 2 billion soles to protect small businesses from El Niño
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The Peruvian government approved a financial package to protect micro and small enterprises (MYPE) from the economic impacts of the 2026-2027 El Niño climate phenomenon.
Finance Minister Elmer Cuba announced the measures, which aim to ensure these businesses can maintain their operations despite potential disruptions to production and income. The government published Decree of Urgency N.° 015-2026 in the official gazette El Peruano to provide liquidity to small businesses.
The plan authorizes COFIDE to use up to S/ 2 000 million from the Fondo CRECER to provide guarantees for new loans and the rescheduling of existing debts. These guarantees reduce the risk for financial institutions and cooperatives, encouraging them to continue lending to small businesses during the climate emergency. The guarantee coverage varies based on the loan size.
It covers up to 90% for loans up to S/ 30 000, 80% for loans between S/ 30 001 and S/ 90 000, and 70% for loans between S/ 90 001 and S/ 300 000. Businesses in the agricultural, fishing, and aquaculture sectors receive higher coverage rates of 95%, 90%, and 80%, respectively. Additionally, the decree allows businesses with existing Impulso MyPerú credits to reschedule their payments.
Financial entities can grant up to nine extra months for these repayments, or up to twelve months for those in the agricultural, fishing, and aquaculture sectors. These businesses can also receive a partial grace period of up to three months where they only pay interest and commissions. The deadline to apply for these rescheduling measures is 30 April 2027.
