Compartamos Financiera received a US$20 million loan from Citi Peru, with 65% of the funds to be used to finance women-owned businesses. This loan is part of Citi’s Social Finance Strategy to promote financial inclusion in low- and mid-income countries. The loan builds on Citi’s initiatives launched in 2022, and is the first transaction of its type in Peru. The financing supports several UN Sustainable Development Goals, including eliminating poverty, promoting gender equality, and supporting economic growth. Ralph Guerra, CEO of Compartamos Financiera, stated that this loan will help to promote access to banking services for more Peruvian entrepreneurs and will accompany them in their growth and that of their families.