The 1938 South American Basketball Championship , the sixth South American Basketball Championship , took place between February 12 and 22, 1938 in Lima , Peru . The winner was the national team of Peru , which won the title for the first time. For Ecuador it was the first participation in the South American Championships.
Each team played against each opponent once, so that each team had to play four games. There were two points for each win and one point for a defeat. The team, which was first after the encounters, became South American champions in 1938.