Our activities in Peru are part of the CoopSur Project.
Within the CoopSur project, we work with cooperatives and other forms of member-based cooperation in the agricultural sector, the financial sector, and the renewable energy sector. The project’s objectives pursue a multilevel approach in all sectors, addressing sustainability, protection, competitiveness, stability and continuous training.
The CoopSur project cooperates with more than 20 cooperative partners in 3 countries (Paraguay, Peru and Chile) to achieve its objectives.
This project is funded by the German Federal Ministry for Economic Cooperation and Development (BMZ) and is currently running until the end of 2024.
There are 1,245 cooperatives in Peru, grouping 2.4 million members. Cooperatives are found in multiple sectors, with the financial and agricultural sectors being the main ones. Approximately 22% of all cooperatives are in rural areas. In addition, the Peruvian cooperative sector is characterized by small entrepreneurship: 90.4 % of all cooperatives are micro or small enterprises.
The objectives of the Coopsur project in Peru address the main challenges of the cooperative sector in the agricultural and financial sectors, to improve access to sustainable value chains and to ensure the competitiveness and future viability of the cooperative financial sector.
The rojectt’s objectives are based on the following main areas:
At macro level, the focus is on advising in the area of regulation and supervision, especially with regard to the modification of the legal framework governing the cooperative financial sector from 2019, the target group being the staff of the supervisory authority the “Superitendencia de Banca, Seguros y AFP” (SBS).
At meso level, the project focuses on the area of microfinance through collaboration with federations and centrals to strengthen their management as centrals, on microcredit counselling and strategic planning, as well as on the development of high-quality cooperative training systems, with the target group being the staff of federations and centrals.
At micro level the target groups are members of individual cooperatives, as well as other forms of cooperation. The final beneficiaries are microenterprises in rural and marginalized urban areas, with special attention to family producers, women, and youth.
DGRV selects its activities according to the main areas and according to the collaboration with cooperative confederations, central institutions of the cooperative sector, federations, networks of cooperatives and individual cooperatives at national and decentralized levels, supervisory authorities, ministries, and others.
These include the following:
Development of studies, methodologies, guides, and reference manuals
The Superintendency of Banking, Insurance and Pension Funds (SBS) is the agency responsible for the regulation and supervision of the Insurance Financial System and the Private Pension System in Peru, as well as for preventing and detecting money laundering and financing of terrorism. DGRV collaborates with SBS on issues such as the adaptation of supervision to the business model of credit unions and the implementation of a protection fund.
FENACREP is an organization of cooperative integration, founded on April 10, 1959, which carries out activities of representation, promotion, education and technical assistance to the Cooperatives of Savings and Credit of Peru (COOPAC).
The cooperation with DGRV focuses on strengthening the area of technical assistance in integral risk management, through the use of risk tools for the sector and with curricular training programs.
“Central de Cooperativas de Desarrollo Rural” is a second-degree organization that groups more than 15 cooperatives in the rural sector. In addition to financing its members, the institution’s tasks also include strengthening through technical assistance, the creation of credit and savings products, and interest representation.
The cooperation with DGRV focuses on institutional strengthening in areas such as adapting its business model to the new regulatory reality, establishing attractive financial services for its members, such as the central liquidity fund, implementing the technological tools of the Strategic Planning System (SPE), Microscore, and consolidating the “Enlace Perú”- Network, among others.
Our activities in Chile are part of the CoopSur Project. Within the CoopSur project, we work with cooperatives and other forms of member-based cooperation in the agricultural sector, the financial sector, and the renewable energy sector. The project’s objectives pursue a multilevel approach in all sectors, addressing sustainability, protection, competitiveness, stability and continuous training. The […]More
The project work in Colombia mainly focuses on two key areas: DGRV supports its partner VISIONAMOS, operator of the Red Coopcentral payment system, in running a technical advice program for affiliated credit cooperatives. The focus is on strategic and financial planning, social balance sheets, an internal control system and profitability calculations. The benefiting cooperatives make […]More
DGRV project activities in Costa Rica mainly focus on two key areas: We support our partner INFOCOOP, the public cooperative institute, in fostering its supervisory function providing three different softwares for credit union financial indicators, for assessing the internal control systems and performing financial audits of all types of cooperatives. INFOCOOP is also advised by […]More