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IDB Lab finances Peruvian startup focused on loans to micro and small businesses
09/13/2022 Since 2 years
![](https://greenfinancelac.org/wp-content/uploads/2022/09/4-Generica-19-1.png)
Peruvian fintech Prestamype will receive financing from IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB), to improve access to credit for local micro and small businesses, driving financial inclusion. Prestamype offers a financing solution that combines mortgage guarantees with the use of technology to optimize the process.
The 2-million-dollar IDB Lab’s loan will allow the fintech startup to expand the financing offer, strengthen its lending capacity, improve credit conditions and multiply the number of companies that receive a first formal loan. Additionally, Prestamype will expand its geographic coverage outside of Lima.
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