Monday, December 6, 2010

Raven Riley Streaming 2010

Almost 65% of formal SMEs engaged in productive activities


Production Minister of Peru, Jorge Villasante, reported that nearly 65 percent of micro and small enterprises (MSEs) are formal registered on the National Register of Micro and Small Enterprises (Remype) engage in productive activities , ensuring its sustainability in the coming years.

recalled that this level shows a change in the trend of MSEs in Peru, where previously this type of companies engaged in activities related to trade.

"By the year 2007 more than 70 percent were within mypes the caption of the commercial sector but now no more than 35 percent do business, "he said.

said that to date there are over 98,000 registered in the Remype mypes and is expected to reach the end of the year to 100 thousand.

"There are many more companies are formalized, are recorded and are in productive sectors, it is important because it guarantees and shows that these companies can be sustainable over time," he said.

In that regard, he noted that if are provided to these productive mypes greater access to financing instruments such as factoring (commercial invoices) are then given greater liquidity for working capital and can be developed more.

On the other hand, denied that the use of factoring is to encourage mypes on indebtedness, and that this mechanism only involve advance payment due to them for the sale of goods or services to third parties.

"There may be some level of over-indebtedness in mypes they have identified some companies in the system, But factoring is not going to affect it, "he said.

The Minister also noted that members of the Peruvian financial system is prepared to verify and establish conditions to avoid over-indebtedness of MSEs.

Andean Way

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