Derrama Magisterial

What Derrama Magisterial does

Derrama Magisterial is a Peruvian private non-profit social security institution serving more than 235,000 affiliated public school teachers — over 75% of the national teaching workforce. Founded in 1965 at the request of teacher unions and transferred to magisterial unions in 1984 after a period of state-administered undercapitalization, the institution is supervised by Peru's Superintendencia de Banca y Seguros (SBS). Its primary function is to administer voluntary retirement contributions from active and retired teachers, accumulating them in individual accounts that, as of 2024, total S/ 2,881,061,876 in the common previsional fund. Beyond retirement savings, the institution provides disability and death solidarity benefits, preferential credit products (up to S/ 125,000 at TEA from 11.88% for affiliated teachers, up to 72 months), and a diversified welfare ecosystem.

The institution operates through sub-brands covering the core verticals: DM Créditos (lending), DM Hoteles (9 hotels and 3 recreational centers across Peru), DM Cultura (awards, concerts, publications including the six-volume Nueva Historia del Perú Republicano collection), DM Formación (professional development and congresses), DM Vivienda (housing program), Crisol bookstores (33 stores plus digital library), and DM Plaza (retail). The proprietary technology stack includes the APP Derrama Magisterial mobile app (Google Play), the Operaciones en Línea web portal (operacionesenlinea.derrama.org.pe), a digital signature capability for beneficiary designation, and a credit simulator (simuladorcreditos.derrama.org.pe). Distribution combines 67+ service points, 40+ desconcentradas offices in all major Peruvian cities, mobile offices, field representatives in remote regions, and digital channels including WhatsApp and chatbot.

The business model blends subscription-style recurring contributions from members, transactional interest income on the credit portfolio, transactional revenue from hotel and bookstore operations, professional services revenue from training programs, and affiliate referral commissions from partner promotions. Customers are segmented into named active teachers (Maestros Nombrados), retired teachers (Maestros Cesantes), contract teachers (Maestros Contratados), and beneficiary families — all segmented exclusively within Peru's public education vertical. Governance is provided by a Directorio and Consejo de Vigilancia with representation from SUTEP, SIDESP, and the Ministry of Education. The current Directorio (2025-2027) is presided by Prof. Olga Morán Araujo, and operational leadership rests with Gerente General Cesar Reyes Valle.

Name

Derrama Magisterial

Legal name

Derrama Magisterial

Website

https://derrama.org.pe

Company type

Private

Founded year

1965

Operating status

Operating

Short description

Derrama Magisterial is a Peruvian private non-profit social security institution serving over 235,000 affiliated public school teachers (75%+ of the national teaching workforce), administering retirement savings, credit, hotels, bookstores, training, and cultural programs through a nationwide branch and digital network.

Ownership category

akta.pro rank

Product category

Social Security and Pension Fund Administration

NAICS

Trusts, Estates, and Agency Accounts (52592)

SIC

Savings Institution, Federally Chartered (6035), Loan Brokers (6163)

akta.pro primary industry

Estate & Probate Administration Services (FSAEAKAD)

akta.pro secondary industry

Off-Campus Purpose-Built Student Housing (PBSA) Management (BPAJAJAB)

Keywords

• Teacher social security
• Retirement fund management
• Member lending
• Professional development training
• Welfare benefits administration

Headquarters

HQ city

Lima (Jesús María)

HQ country

Peru

HQ region

Latin America

Offices33 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. DM Hoteles (Hotel Chain): Revenue from 9 hotels and 3 recreational centers across Peru, serving both affiliated teachers at preferential rates and the general public.
2. DM Créditos (Credit Products): Personal loans to teachers (affiliated, cesante, and contracted) at competitive rates. Interest income is reinvested into the previsional fund for member benefits. Maximum loan amounts up to S/125,000 with terms up to 72 months.
3. Social Security Fund Management: Monthly voluntary contributions from affiliated teachers accumulate in individual accounts and generate returns through institutional investments. The fund is administered and invested across business units to generate profitability for members.
4. DM Crisol (Bookstore Chain): Bookstore chain providing 20% discounts on books to members. Revenue from retail book and educational material sales to teachers and the general public.
5. DM Formación (Professional Development): Free and paid educational programs including master's degrees, diplomas, seminars and workshops in pedagogy and educational management, delivered in-person and virtually.
6. Promotional Partner Commissions: Commission-based revenue from partner businesses (bus companies, opticians, gyms, pharmacies, dental clinics) through the promotions program accessible via the DM app.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels9 records

Core offering

Derrama Magisterial is a private non-profit social security institution that administers voluntary retirement contributions from Peruvian public school teachers into individual accounts, while providing personal loans (DM Créditos), a hotel chain (DM Hoteles), a bookstore chain (Crisol), professional development programs (DM Formación), a housing program (DM Vivienda), and cultural programs (DM Cultura) to its 235,000+ affiliated members.

Differentiator

Problem solved

Functional benefit

Brands

• DM Créditos: Credit services for teachers including Crédito Convenio (up to S/125,000 for 72 months) and Compra de deuda for debt consolidation
• DM Cultura
• DM Hoteles
• DM Vivienda
• DM Formación
• Librerías Crisol
• DM Plaza

Products and services

• DM Previsión (Voluntary Retirement Fund) Voluntary social security fund that allows Peruvian public school teachers to accumulate monthly contributions in individual accounts that earn monthly interest plus quarterly bonuses, generating returns for retirement. Includes free solidarity benefits for disability (up to 4 UIT) and death (up to 2 UIT).
• DM Créditos – Crédito Convenio Personal loan product for affiliated, retired, and contract teachers with automatic payroll deduction. Up to S/125,000 for active teachers, up to 72 months, with preferential TEA rates (11.88% example for affiliated teachers).
• DM Créditos – Compra de Deuda Debt purchase/consolidation product allowing teachers to consolidate debts from other entities at preferential rates with extra cash disbursement, ranging from S/5,000 to S/125,000.
• DM Hoteles (Hotel Chain) Hotel chain with 9 hotels across Peruvian destinations (Arequipa, Lima-Asia, Ayacucho, Cusco, Ica, Nasca, Moquegua, Tacna, Tarapoto) plus 3 recreational centers (Lima-Ñaña, Junín, Trujillo). Offers preferential rates to affiliated teachers and serves the general public.
• Librerías Crisol (Bookstore Chain) Bookstore chain with 19 stores in Lima and 14 in provinces, providing books and educational materials at 20% discount for affiliated teachers, plus a digital library app with 1,000+ e-books and 100 hours of audiobooks.
• DM Formación (Professional Development) Professional development programs for teachers including master's degrees, diplomas, seminars, and workshops in pedagogy and educational management, delivered in-person and virtually, with free and paid offerings.
• DM Vivienda (Housing Program) Housing program offering affiliated teachers residential development projects across six cities in Peru, enabling them to purchase their own homes.
• DM Cultura (Cultural Programs and Awards) Cultural division including the Premio Horacio Zeballos Gámez national teaching award, Medalla de Honor José Antonio Encinas, concerts, dance troupe, publications, and the six-volume Nueva Historia del Perú Republicano collection.
• APP Derrama Magisterial (Mobile Application) Mobile application available on Google Play providing digital benefits card, individual account review, credit applications, free legal advisory requests, personal data updates, hotel offers, training course information, and DM Vivienda project access.
• Biblioteca Derrama Magisterial – Crisol (Digital Library App) Digital library application providing free access to more than 1,000 e-books and 100 hours of audiobooks covering education, pedagogy, humanities, literature, personal development, sciences, business, economics, and children's content.
• Revista Maestra Vida (Quarterly Magazine) Quarterly educational and cultural magazine published by Derrama Magisterial featuring content to inform, inspire, and support teachers in their daily work, distributed free to members.
• Operaciones en Línea (Online Portal) Online self-service portal enabling retirement benefit applications, individual account management, digital processing of previsional services, and biometric digital signature for beneficiary designation.
• Simulador de Créditos (Online Credit Simulator) Online credit simulator tool allowing teachers to estimate loan amounts, terms, and costs before applying for DM Créditos products.
• Asesoría Legal Gratuita (Free Legal Advisory) Free legal advisory service for affiliated teachers, accessible via the mobile app, web portal, and contact channels.
• Promociones y Descuentos (Partner Discounts Program) Member discount program with partner businesses including bus companies, opticians, gyms, pharmacies, and dental clinics, accessible via the DM app.
• DM Plaza (Retail Store) Retail store (formerly Bazar del Maestro) offering products for teachers.

Quantifiable outcome

• S/ 18,912.44 average retirement benefit for a teacher with 30 years of service in 2024
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and secondary.

• UNIPE (Universidad Nacional de Educación Enrique Guzmán y Valle)coreStrategic or Co-development Partner · 24 May 2025Joint initiative for an international master's program in education with preferential conditions for affiliated teachers. Derrama Magisterial promotes the program through its credit offerings for educational studies. The partnership began with a master's in Policies Public in Education and Teacher Training.
• ONP (Oficina de Normalización Previsional)secondaryOthers · 19 November 2024ONP service modules installed within Derrama Magisterial's desconcentradas offices (Ofides) to facilitate access to pension services for retired teachers and pensioners. Renewed cooperation agreement.
• IEAL (Instituto de Estudios Alto Andinos Latinoamericanos)secondaryStrategic or Co-development Partner · 6 October 2024Trilateral institutional agreement signed in Cusco with SUTEP for educational research and professional development activities.
• USIL (Universidad San Ignacio de Loyola)coreStrategic or Co-development Partner · 19 September 2024Exclusive discount agreement for postgraduate programs (master's, diplomas) for affiliated teachers and their direct family members. The agreement was renewed in May 2026 with expanded benefits for families of teachers.
• Universidad Peruana Cayetano HerediasecondaryStrategic or Co-development Partner · 3 September 2024Academic cooperation agreement to promote activities contributing to the professional development of affiliated teachers. Signed in September 2024.
• UNMSM (Universidad Nacional Mayor de San Marcos)secondaryStrategic or Co-development Partner · 3 May 2024Academic collaboration agreement signed with the Faculty of Education for joint educational activities and professional development for teachers.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• AFP Habitat: Peruvian private pension fund administrator (AFP) managing individual accounts of contributors under the SPP system. Directly comparable to Derrama Magisterial as a regulated private fiduciary managing retirement savings for Peruvian workers, with similar investment and benefit obligations.
• AFP Integra: One of Peru's four AFPs administering mandatory private pension contributions. Directly comparable because it holds individual retirement accounts, invests the accumulated fund, and provides benefit payouts to affiliates — the same operational model as Derrama Magisterial, though serving a broader contributor base.
• AFP Prima: Peruvian AFP administering mandatory private pension contributions. Comparable as a private fiduciary managing retirement savings, with an investment portfolio, regulated by SBS, and serving defined-affiliate segments — overlapping directly with the previsional fund model of Derrama Magisterial.
• Caja de Pensiones Militar Policial: Peruvian closed social security institution for military and police personnel. Most structurally analogous peer: closed profession, non-profit, government-supervised, dedicated retirement and credit services for a defined workforce — the same professional-closed social security architecture as Derrama Magisterial.
• Caja de Previsión de la Fuerza Armada (CEPREFA): Peruvian public social security entity for armed forces personnel. Closely analogous as a closed profession-specific previsional institution, providing retirement, credit, and welfare benefits under government supervision — echoing the structural model of Derrama Magisterial.

Broad incumbents

• Caja Metropolitana de Lima: Peruvian financial institution with social purpose offering loans, savings, and complementary services to a defined population. Comparable as a regulated non-bank financial institution with a community-based member structure, though its scope is broader and not tied to a single profession.
• CalSTRS (California State Teachers' Retirement System): U.S. defined-benefit pension system for California public school teachers. Comparable as a teacher-specific pension fiduciary regulated by state authorities, providing retirement, disability, and survivor benefits — analogous in mission but operating at vastly larger scale under a public-sector governance model.

Regional players

• Caja Municipal de Ahorro y Crédito (CMAC) Cusco: Peruvian municipal savings and credit institution operating in regional Peru. Comparable via similar regulated financial services to defined regional populations and parallel service point networks — overlapping with Derrama's regional desconcentradas offices but without the closed-profession mandate.

Emerging players

• TIAA (Teachers Insurance and Annuity Association): U.S. non-profit financial services organization dedicated to academic and research professionals. Directly comparable as a teacher-and-academic-specific non-profit retirement fiduciary, with individual accounts, complementary lending, and cultural/community programming — a scaled international analogue of the Derrama model.

Others

• SUTEP (Sindicato Unitario de Trabajadores en la Educación del Perú): Peruvian teachers' union that holds seats on Derrama Magisterial's board and council. Comparable as the originating political and membership institution for Derrama's affiliate base, shaping governance, contribution policies, and brand reach among Peruvian teachers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/DerramaMagisterial

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Derrama Magisterial