The Rural Agricultural Productive Development Program (Agro Rural), through the Sustainable Territorial Development Project of Apurímac, Ane and Mantaro Rivers (PDTS-Vraem), provided savings incentives to 17,279 rural women for a total of 3 million 671,382 soles in Apurímac, Ayacucho, Cusco, Huancavelica and Junín A “Program for Women Savings” was implemented between 2018-2021 in 33 districts of the region.
Thanks for the result Conventions signed between PDTS-Vraem With financial institutions such as Banco de la Nacion, Caja Huancayo, Caja Ica, Cooperative Los Andes and Caja Arequipa.
In that aspect, the Huancayo Municipal Fund Provided loans to 1,778 women for a total amount of 15,793.74 soles for consumption activities (39%), businesses (57%) and home mortgage loans (4%).
For its part, the Los Andes Savings and Credit Cooperative It offered loans to 1,379 women, for 4,645,305 soles, 84% for working capital, asset purchase (5%), manufacturing industry 5% and others 6%.
In total, 3,157 women (19%) obtained loans for 20 million 439,053 soles, that is, an average of 6,474 soles. saves the woman.
Female financial inclusion
During the implementation period 2018 – 2021 “Women Saver Program”Savings account opening was achieved and 17,272 beneficiaries participated, representing 99% of physical implementation.
These accounts were recorded in respect of covid19, Due to the virtual opening of savings accounts developed by Caja Huancayo and Caja Arequipa.
In 2021 alone, 7,948 accounts were opened (4,275 in agency and 3,673 remotely). Of this total, 3,679 correspond to Caja Huancayo (903 in agency and 2,776 virtual); 3,666 Coopac Los Andes (3,372 in agency and 294 virtual); Arequipa Box 603 accounts reached (virtual only); Meanwhile he National Bank No credit placed in any modality.
To remove the gaps
Despite the progress, the PDTS-Vraem points out that the lack of supply of financial institutions in rural areas is evident, as only 8 of the 33 districts included in the program have an agency or service office.
Another reason for lack of financial access is population dispersion A rural womanBecause transaction costs for saving and using financial services become more expensive.
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– Andean Agency (@Agencia_Andina) September 19, 2022