Website: https://www.ciderural.com
Peru has a highly developed microfinance sector, with a lot of banks, savings and credit cooperatives. However, most of the credit extended goes to people living in the cities.
Ciderural is an umbrella cooperative of several savings and credit cooperatives that have long worked together informally. Ciderural's member organizations focus on the poorest, often very remote areas and represent more than 51,000 associates.
As a support center, Ciderural provides both funding and technical assistance (capacity building) to its members. It also seeks external funding (and donations).
BRS had supported Ciderural for 11 years (since 2008) with advice about risk management, audit and internal control and computerization. There was also intensive guidance about cooperative management to strengthen their internal operations.
The structural cooperation with Ciderural was terminated in 2019.