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FONDESURCO
ORGANIZATIONAL PROFILE: FONDESURCO offers microcredit using an individual loan methodology, and also makes fixed asset loans for business equipment, home improvements and other purposes. The organization also has a small number of "free availability" loans that can be used for purposes such as education. In 2009 it plans to launch village banking loans linked with education,
which are intended to serve a much poorer clientele of mostly women.
FONDESURCO operates in the departments of Arequipa and Moquegua in southern Peru. The main clients of FONDESURO are small farmers and other microentrepreneurs, with a strong focus in rural areas. About 94 percent of the institution’s portfolio is in rural areas and about one third of its clients are women.
ORGANIZATIONAL VITALS
| # of BORROWERS: |
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9,116
(as of 6/30/10) |
| OUTSTANDING GROSS LOAN PORTFOLIO: |
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$14,647,455
(as of 6/30/10) |
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