$10.5 million for Costa Rican SMEs

A press release by the Central American Bank for Economic Integration (BCIE) reads:

The Central American Bank for Economic Integration (BCIE) has granted a loan to Banco Cathay allowing it to expand its global credit line to $10.5 million in order to support Micro, Small and Medium Enterprises (MSMEs) as well as international trade and housing Costa Rica.

With this new funding of $3.5 million, CABEI has approved a total sum of U.S. $10.5 million for this sector and channeled it to this bank, which is regulated and supervised by the Superintendent of Financial Institutions of Costa Rica.

According to the characteristics of the line of credit, funds will be used for comprehensive support to micro, small and medium enterprises, rural development and international trade programs and housing.

Source: Central American Bank for Economic Integration

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