COPEME, the Consortium of Private Organizations to Promote the Development of Small and Micro Enterprises (Consorcio de Organizaciones Privadas de Promoción al Desarrollo de la Pequeña y Microempresa), is a non profit association dedicated to promote the development of micro and small enterprises in Peru, created in July 1990. It groups together more than 60 institutions, 40 of them credit NGOs or NGOs with credit programs in urban and rural poverty areas. Many of COPEME affiliates have promoted regulated micro finance institutions, mainly Edpymes (financial enterprises for the development of SMEs). The Microfinance Initiative (IM), COPEME’s strengthening program for MFIs, started in March 1998 through an agreement with ADEX-USAID/MSP´s micro and small producer support program, priorizing MFIs in poverty areas but not limited to COPEME´s affiliated credit NGOs. The IM was later on extended through successive direct agreements between COPEME and USAID, the last of them currently outstanding until September 2006, from where IM will fully rely on its own income and other donors.
IM’s strategic objective is to increase the national –and, in lesser degree, latin american– supply of financial services oriented to urban and rural microenterprises, through MFIs clearly able to achieve full operative and financial self-sustainability in a few years, including credit NGOs, Edpymes, municipality savings & loans (cajas municipales), rural savings & loans (cajas rurales), loan & savings unions (cooperativas) and other financial entities –including banks– that could be interested in becoming involved in microfinance. IM´s other strategic guidelines include being market-oriented and focused on real, specific and measurable results. The IM itself should reach sustainability.
Tarjet Clients:
- EDPYMES (Financial Entity for the Development of Small and Micro Enterprises).
- Credit NGOs
- Cajas Municipales de Ahorro y Crédito
- Cajas Rurales de Ahorro y Crédito
- Cooperativas de Ahorro y Crédito
Services:
- Technical Assistance (specialized consultancies);
- Training and events (open and specialized courses, apprenticeship and international events);
- Private supervision and publications:
- Info Quality Training (IQT) subprogram: audits, on-site management training, software development;
- Credit bureau reports;
- MFI performance reports, appliable research and publications.
- Project Administration (for donors or specialized entities or programs: funds administration, monitoring and supervision, institutional contractor for technical assistance and training, others).
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