Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Music Securities to Start Fund for Peruvian Farmers

A farmer in Peru
A farmer speaks next to a tractor purchased with borrowings from Abaco in Peru in this undated handout photograph, provided to the media on April 14, 2014. Source: Music Securities Inc. Via Bloomberg

Music Securities Inc., a Japanese crowdfunding company, will start a fund that will provide loans to Peruvian farmers alongside funding from the Inter-American Development Bank.

Music Securities is seeking to raise 51 million yen ($500,700) from individuals via the Internet to provide capital to Abaco, a non-profit credit union in Peru, while IADB will lend $5 million in subordinated loans to Abaco, said Wataru Kamiya, a spokesman at the Tokyo-based company. The fund, which starts today, will last for three years and targets a 15 percent return, he said.

Music Securities, founded in 2001, is expanding its business after setting up 256 funds that raised about 4.1 billion yen through the Internet to invest in various projects including cash-strapped artists and sake brewers. The company is using its crowdfunding website that allows businesses too small to attract banks or venture capitalists to seek finance for specific projects and raise money from a large number of individual contributors.

“It is significant to support those farmers that can’t get bank line of credit but are still crucial for the Peruvian economy,” Kamiya said in an interview in Tokyo yesterday.

Agriculture accounted for 6.5 percent of gross domestic product in Peru in 2011, according to the United Nations.

“It is good to create a relationship between Peru and Japan and the project can be an opportunity for Japanese social investors to contribute to Latin America,” said Juan Borga, a specialist at IADB’s office in Tokyo.

With the funding, farmers can buy farm equipment and fertilizer to improve their production, Kamiya said. The minimum investment for investors is set at 31,710 yen and Music Securities will take a 1,710 yen fee, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.