Financiera Proempresa S.A. (Peru)

Financiera ProEmpresa S.A. is a financial institution located in Lima, Peru. It was incorporated on November 28, 1997, and is regulated by the Superintendencia de Banca y Seguros (SBS). The company's main objective is to provide financial services to micro and small businesses. Financiera ProEmpresa is owned by the Asociación de Institutos de Desarrollo del Sector Informal (IDESI), which represents regional IDESI's and has been providing credit to entrepreneurs since 1986 in 19 regions of the country. IDESI decided to separate its financial services from other services and create a regulated entity to provide greater security to its clients and financial providers. In 1992, the project to form a specialized financial institution began, aiming to standardize processes and strengthen credit technology for regional IDESI's. In December 1996, a new law was enacted, creating a new type of organization within the financial system to serve the micro and small enterprise sector: Entidades de Desarrollo de la Pequeña y Microempresa (EDPYMES). This presented an excellent opportunity to achieve the set objective. After being duly registered in the Public Registry, on November 28, 1997, the Superintendencia de Banca y Seguros (SBS) granted ProEmpresa the authorization to operate as an EDPYME with three branches in Lima, Ayacucho, and Arequipa. From 1999 onwards, EDPYME ProEmpresa expanded its growth by opening branches in different regions of the country, including Apurímac, La Libertad, Junín, and Huánuco. In 2012, EDPYME ProEmpresa obtained authorization to operate as a financial institution after a rigorous qualification process. In early 2013, it successfully listed on the Lima Stock Exchange due to its excellent results. As of the end of 2018, Financiera ProEmpresa has a net worth of over 76 million nuevos soles and has committed shareholders dedicated to the development of sectors with limited resources.