Thus, there are companies thatthey have gone from alive”, since they have declared insolvency and have withdrawn their RUC in order to not comply with the payment of their Reactiva loans, he pointed out. Walter Rojascentral business manager of Caja Cusco.
What is happening in these cases is that no matter how much they have the ability to pay, there is no will to do so, he said. Edmundo Lizarzabururesearch professor at the Esan University. “There is a fairly important component of ethical misconduct”, he added.
When financial institutions fail to recover the credit they pass it to the category of defeated. But since these loans have a state guarantee, they go to Cofide (administrator of Reactive Peru) to his honor, explained Rojas.
“Cofide covers that credit and the financial entity does not lose, but it does report to the debtor that it has not canceled its obligation in the risk centers”, he detailed.
According to data from the SBSAs of July 2022, the 446,785 debtors of Reactiva registered a total debt balance of S/ 30,371 million.
Until June this year the Public treasure has disbursed S/ 2,005 million to cover the unpaid debt of Reactive Peruaccording to data from Public ministry.
READ ALSO: Loan interest rate hike will affect demand in 2023
monitoring
Lizarzabur He argued that some entrepreneurs used the money received from the program not for their own business but to buy land or properties, and even to live the high life.
He considered it necessary to monitor credits that includes crossing information on debtors to detect irregularities.
“Two or three years from now there will be a mass of companies in insolvency, but the problem is not insolvency but rather the smartness of the entrepreneur who must be sanctioned“, said Lizarzabur.
He indicated that credits were also disbursed reactive to companies investigated for influence peddling, fraud and money laundering. “That is unheard of, they are cases that must be put on the table”, opined the professor.
