Costa Rica: $30 million for SMEs and Mortgages

The funds will go to mortgage loans for low-income families and financing for small and medium enterprises.

IFC, a branch of the World Bank will provide $15 million in colones, to which are added another $15 million also in colones provided by FMO, the Dutch development bank.

As detailed in a press release, the IFC will also provide advice to Coopenae on expanding its lending to micro and small enterprises.

Source: International Finance Corporation

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