Costa Rican Credit for SMEs

©image: Javier Lastras

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."

Source: Nacion.com

More on this topic

$35 million for Costa Rican MSMEs

February 2009

The Banco Popular will make the sum available for MSMEs that lack the collateral needed for a credit line.

Andrey Monge writes in Elfinancierocr.com: "The funds are part of the institution's net income, and will be assigned through an auction of guarantees, to be executed on February 20th by the Fund for the Development of Micro, Small and Medium Enterprises (Fodemipyme)"

$16 Million for Guatemalan SMEs

July 2009

BCIE granted a credit line of $16.3 million to the Bank of Rural Development, known as Banrural, to be loaned to SMEs.

Banrural CEO, Samuel de la Cruz, stated that the interest rate will be around 12%, for 3 to 5 years. This loans will be available starting next Tuesday.

"Foster Our Own" Program Finances Viable Projects

July 2009

Costa Rica Development Banking System will finance SMEs productive projects in up to $110.000.

Small and medium businesses with viable projects will be able to request financing from state owned banks "Banco Nacional", "Banco de Costa Rica", "Banco Popular" and "Banco Nacional de Costa Rica".

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'.