Today: July 23, 2024
December 19, 2022
1 min read

Small businesses in regions at risk of default after suspension of services

Small businesses in regions at risk of default after suspension of services

The drop in sales ofthe blockades of roads and the suspension of attention in the agencies due to the violent demonstrations in the regions, especially in Arequipa, Apurímac, Ayacucho and Cusco, worries the municipal funds, since they could cause these businesses not to pay their debts on time and fall into default.

Only in the case of Arequipa, the drop in sales of micro and small businesses for the Christmas season could be up to 40%, according to the Development Studies Network. Added to this is the road blockade and the closure of municipal savings banks, which, according to Caja Arequipa, has been an average of 20 stores for each microfinance institution in the last week.

SIGHT: Tourism: there are 1.8 million people who stopped travel plans due to demonstrations and blockades

Wilber Dongo, central business manager of the aforementioned financial institution, explained that “this is definitely worrying because it could affect the future risk rating and credit history of thousands of entrepreneurs who access a loan.”

“The sector is already affected. It is important that in this uncertain situation, the regulator provides measures that contribute to providing a solution so as not to affect the rating of each client and avoid the accumulation of penalties for delinquency,” said Dongo, calling on the Superintendency of Banking, Insurance and AFP (SBS).

RECOMMENDED VIDEO

Callao: they wake up queuing for a license plate

Source link

Latest Posts

They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

Roberto Fulcar's family will sue for false accusations
Previous Story

Roberto Fulcar’s family will sue for false accusations

Benzema points to his international retirement
Next Story

Benzema points to his international retirement

Latest from Blog

Official: Mano Menezes, new coach of Fluminense

Official: Mano Menezes, new coach of Fluminense

Fluminensechampion of the Copa Libertadores last year, but now in last place in the Brazilian league, announced this Monday as new coach Luiz ‘Mano’ Menezes, who led the Brazilian national team between
Go toTop