$14.4 Million for Costa Rican PYMEs

©image: Enrique Padilla

Elfinancierocr.com publishes: "The line of credit is directed to PYMEs with total assets less than $2.5 million and with a maximum of 100 employees. Furthermore, it is targeted to financing the industrial, agriculture, and commerce and services sectors."

Source: elfinancierocr.com

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Costa Rican Credit for SMEs

January 2011

State banks will allocate $670 million through different programs aimed at Small and Medium Enterprises.

According to a survey conducted by La Nacion with State owned financial institutions, the sectors most favored will be service and trade.

"For 2011 Banco Nacional has a budget of $375 million to lend to MSMEs, Banco Popular has $243 million, BCR $30 million and Bancrédito $22 million, respectively."

$ 2 Million in Credits for Costa Rican SMEs

February 2011

The Norwegian Investment Fund for Developing Countries (Norfund) will invest $ 2 million in financial institution Desyfin.

The resources, which are for financing small and medium enterprises, will be dispersed through various programs and services,"... such as discounted invoices, working capital, leasing for the acquisition of production, medical and technology equipment and financing of new environmentally friendly projects, among others," reported Elfinancierocr.com.

Costa Rica: $3.4 Million for Micro-companies

September 2009

"Microfinanzas", a micro-finance project from the Development Banking System, would provide financing for 4.000 companies.

Loans will have 10 a year term, a maximum of $8.500, and interest rates of 20%.

"The money originates from Finade, a state development trust, and will be administered by bank 'Bancredito'.

IIC Lends $20 Million to BAC El Salvador

July 2010

It is estimated that approximately 300 SMEs will benefit from this operation.

On July 20, 2010, the Inter-American Investment Corporation (IIC) approved a loan of up to US$20 million to El Salvador’s Banco de América Central S.A.

With this project, the IIC aims to provide BAC ES with medium-term funding on appropriate terms for channeling funds to eligible projects in El Salvador.