Why we're doing this.
The exporter who already gets paid in dollars is the best payer nobody is financing.
01
The problem, in numbers
In Peru the price of credit depends on the size of whoever asks for it, not on whether they can repay. These are the rates banks charge, according to the central bank itself. A small exporter who sells abroad and gets paid in dollars pays several times what a corporation pays for the same money.
5.34%
What a large Peruvian corporation pays a year for a bank loan
20.01%
What a small business pays for that same loan
69.59%
What a micro business pays. Thirteen times the corporate rate
+514
Basis points the micro-business rate rose in 12 months. Every other segment's fell
Annual lending rates in local currency at commercial banks, as of 27 February 2026. Source: Banco Central de Reserva del Perú, March 2026 briefing.
02
Why nobody serves them
A bank looks at collateral and past accounts, not at the order the exporter already has signed or the dollars they'll be paid for it. A business with firm orders but no property doesn't clear the filter. That's why the rate tracks size: 5.34% if you're a corporation, 69.59% if you're a micro business.
The timing doesn't line up. Weeks pass between shipping and the buyer paying, but the money is needed before production starts. By the time credit arrives, the season is over.
Local alternatives lend in soles. The exporter ends up owing in one currency and earning in another, and a liquidity problem picks up currency risk on top.
03
Why we can
We look at what a bank doesn't: the orders, the contracts and the history of invoices collected in dollars.
We lend in the same currency the business gets paid in. Without that mismatch, what's left is the ordinary risk of a business not paying — which can be measured and spread.
We start with small amounts ($500) and only go up once a business has shown it repays. That caps how much any single one can cost.
Small team, our own technology. Lower fixed costs and more reasonable rates on both sides.
04
Where we are today
Finnoba has not lent any money yet. We're closing the pilot in Peru, building the list of exporters that meet the requirements and preparing the first cycle. The figures on this site will be filled in with real data from the first loan onward, not before.