“Next year, let’s share It will focus on strengthening its credit product that is taken out in a group, with this we offer an opportunity even to people who, for some reason at some point, could not meet their obligations and were classified as written-off loans”, said Jesús Ferreyra, central manager financial business.
Los personal loansare aimed at people with a good credit history, income support and payment capacity, they are the most common in Peru and it is the segment in which all banks, municipal savings banks, rural savings banks, credit institutions compete, he said.
While group loans go even to people who have defaulted on their debts, but seek to reinsert themselves into the formal credit scheme, he said.
With this, the group loan still provides the option for delinquent debtors to obtain loans in the financial system, he added.
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The teacher of sayArturo García, commented that this type of credit ensures better monitoring and recovery of the loan, due to the pressure exerted by all the members of the financed group.
If any of the members of the group is late with a payment, the others must cover that money, otherwise, the other members will be affected in the risk center until the credit is paid, which works as a motivation among the members. members of the group, he said.
Ferreyros agreed that said group credit has a “support clause”, which implies the help of everyone in case anyone cannot complete their monthly quota.
“Group credit has a large market to serve and serve, especially outside of Lima, which is where the financial institution is betting for 2023, with the opening of new branches in the eastern part of the country,” he said.
In this line, the executive mentioned that the delinquency of individual loans in his entity is 5.70%, which doubles that of group loans.
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