Universidad Peruana de Ciencias Aplicadas (UPC), which through its School of Business is leading the development of tomorrow's business leaders, and CrediScotia Financiera, as part of their continued efforts to promote the development of new businesses in Peru have signed an agreement through which the bank will finance new businesses and micro-projects developed by enterprising students from UPC up to $ 250,000 annually.
Through the agreement, CrediScotia Financiera becomes the only bank supporting student led business projects, while giving them very favorable terms (preferential market rates, without need to provide credit history, etc.) to launch their new businesses.
This agreement will provide young entrepreneurs from UPC with a solid financial foundation to launch their new initiatives. The program is open to students from the School of Business in the final years of their program. Projects will be selected after review by a technical committee of UPC leaders, who will be permanently attached to the new entrepreneurs, providing mentoring and advice on various business topics for a period of 6 months after the launch of their businesses.
The agreement was signed on Wednesday July 6th at 9am at UPC's Monterrico Campus located in Santiago de Surco, Lima.