The International Finance Corporation (IFC) and Compass Group have announced an alliance to channel working capital to hundreds of Peruvian companies from multiple economic sectors which have been severely impacted by the economic crisis generated by the COVID–19 pandemic.

The proceeds of the Social Bond will be used to finance small and medium-sized enterprises within the trade, services and agriculture sectors, in particular the food industry, commercial stores and farms.

Aligned with its social purpose and in light of COVID-19’s progress in Latin America, BBVA Microfinance Foundation’s six institutions in five countries in the region have adopted urgent and necessary measures to help its 2.2 million clients cope with this situation.