Cavali: factoring allowed financing for more than S / 8,000 million to MSMEs until April

Cavali: factoring allowed financing for more than S / 8,000 million to MSMEs until April

At the end of the first four months of this year, in Peru there were 362,422 invoices booked into account. This figure was 60,969 more than the same period in 2021, which meant a growth of 20.2%, reported Cavali, from the of the Peruvian market.

Likewise, it indicated that what was negotiated during January and April totaled S/ 8,164 million, an amount that exceeded the first quarter of 2021 by S/ 2,309 million, thus an increase of 39.4% was achieved.

The growth prospects of the factoring market in the long term are auspicious and necessary due to its contribution to the formalization and economic reactivation of the country.”, highlighted Kenny Gallo, general manager of Cavali.

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In this sense, the official maintained that a growth of up to 50% of financing with negotiable invoices recorded in Facttrack is estimated at the end of 2022.

It should be noted that the main benefit for the company and the natural person when accessing factoring is to transform their commercial invoices and receipts for fees, respectively, into cash operations; that is, in immediate liquidity with negotiable invoices and thus be able to count on working capital in the shortest possible time.

Financing through negotiable invoices (factoring) is a financial alternative that seeks to cover the liquidity needs of MSMEs in Peru, which face various challenges for their growth, such as formalization, access to financing, the increase in productivity and human capital formationGallo pointed out.

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