A press release by the Inter-American Development Bank (IDB) reads:
IDB President Luis Alberto Moreno today signed agreements for two projects run by the Multilateral Investment Fund (MIF) to the amount of U.S. $2 million to improve the competitiveness of micro and small enterprises in the Huétar North region and expand rural credit services in the South Central region.
The agreement was signed by Bladimir Arroyo Rojas, president of the Agency for Regional Development of Huétar, and Jerome Hernandez Alpizar, President of the Board of the Integrated Foundation for Rural Central Pacific Development (FIDERPAC). The event was held as part of the opening of the XIV Forum on Microenterprises (Foromic) taking place in San José, Costa Rica from 10 to 12 October.
The North Huetar project is for an amount close to U.S. $1 million grants in non refundable resources with a local counterpart of U.S. $ 422.000. The project for the South Central region is also an amount of U.S. $1 million, of which U.S. $750.000 are reimbursable through financing with the Social Entrepreneurship Program of the IDB with a local counterpart of U.S. $375.000.
Source: Inter-American Development Bank
More on this topic
October 2011
The IFC ratified agreements to support the expansion and capitalization of Ficohsa Bank.
A press release from the International Finance Corporation (IFC) reads:
The IFC Capitalization Fund has signed agreements that will support expansion plans and the capitalization of Banco Financiera Comercial Honduras, SA, investing $70 million in capital resources.
October 2011
The BCIE has granted a credit line to Cathay Bank to support MSME’s, as well as international trade and housing in Costa Rica.
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.
September 2011
The loan will benefit more than 1,000 producers by providing access to co-financing for enhancing trade capacity.
A press release by Inter-American Development Bank (IDB) states:
The Inter-American Development Bank (IDB) has approved a loan of U.S. $30 million to El Salvador for the program of Development Support Production for International Integration, which will increase the ability of micro, small and medium enterprises (MSMEs) to participate in national, regional and global value chains.
October 2010
The Overseas Private Investment Corporation (OPIC) approved funding to Lafise Bank in order to support small and medium enterprises (SMEs) in the region.
With better access to long-term credit, small-scale farmers, manufacturers and owners of retail businesses will be able to grow faster and in turn support their local economies.
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