According to a report from the Superintendence of Banks, the banking institution, created to fund production activities, had $ 78 million in patrimony by late October.
"The manager and president of the Union of Agricultural Producers of Nicaragua, Manuel Alvarez, said that among the bank's projections is to close the year with a credit placement in excess of $46 million," reports Elnuevodiario.com.ni.
The executive added that to date 4.757 producers and nine cooperatives have benefited from loans.
Source: laprensa.com.ni
More on this topic
August 2010
The Central American Bank for Economic Integration (CABEI) and Banco ProCredit Honduras have signed an agreement to open a credit line to finance micro-companies and SMEs.
With the $5 million credit line ProCredit seeks to strengthen its portfolio of micro, small and medium-sized enterprises (MSMEs) in Honduras.
July 2009
May 2009 saw $1.05 billion in new loans, $408 million less than in the same period of last year.
Industry and commerce where the most affected sectors of the economy, with drops in new loans of 66% and 60%, according to data by the Banking Superintendence of Panama.
María De Gracia writes in Pa-digital.com.pa: "According to sources of the banking industry, the drop is a result of banks being more selective with new customers, and greater restrain when granting a loan to economic sectors with negative growth".
February 2012
The start of 2012 will see the launch of the new Development Banking System, which has $200 million in credit to support micro, small and medium enterprises.
Bandesal has, to start off with, $200 million for small and medium enterprises."However, we are aiming later on to provide funding for large enterprises, preferably those that require large investments such as construction and agricultural industries, said the technical secretary of the Presidency, Alexander Segovia," in an article by from Daniel Gonzalez Choto a ElFinancierocr.com correspondent in Costa Rica.
December 2009
The loan is being negotiated with BNDES, the National Development Bank of Brazil, and would be used in development projects.
President Mauricio Funes expects to sign the loan in the first quarter of 2010.
"According to Funes, the loan being negotiated is for $500 million and would be geared to supporting micro, small and medium companies", reported Invertia.
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