2025.12.08
On December 5, the Japan International Cooperation Agency (JICA) signed a loan agreement with Caja Municipal de Ahorro y Crédito de Arequipa S.A. (hereinafter referred to as “CMA”), the Republic of Peru's largest municipal credit and saving bank headquartered in Arequipa, the country's second-largest city.
JICA's loan will be used for lending to women-led micro and small enterprises in Peru, contributing to the promotion of women's financial access. CMA conducts training programs aimed at enhancing the capabilities of women entrepreneurs, and JICA will also promote collaboration in such human resource development.
Signing ceremony
Visit to a female entrepreneur financed by CMA
- Borrower
Caja Municipal de Ahorro y Crédito de Arequipa S.A.
- Country (Target Areas)
Republic of Peru
- Loan Amount
65 million USD
- Project Title
Project for Support to Women-led Micro and Small Enterprises
- Project Purpose
This project aims to expand credit for micro and small enterprises led by women in Peru by providing loans to CMA, thereby contributing to increased employment opportunities for women and the correction of income disparities.
- Project Component
JICA's all funds are allocated by CMA for lending to women-led small and micro enterprises.
- Contribution to SDGs
Goal 5 (Gender equality)
Goal 8 (Decent work and economic growth)
Goal 17 (Partnerships for the goals)
- Reference
JICA and other G7 development finance institutions participate in the “G7 2X Challenge: Financing for Women” initiative, which aims to leverage funding to promote women’s economic empowerment through entrepreneurship, leadership development, and labor market participation. Since this project aims to promote the financial inclusion for women in Peru, it also contributes to the 2X Challenge initiative.
＜References / Official Website of 2X Challenge Secretariat＞
2X Challenge
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