$ 45 Million for Regional SMEs

©image: Grupo LAFISE

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.

OPIC resources will strengthen the capital base of Lafise Panama Group, Inc. (Lafise) and its subsidiaries in Costa Rica, Honduras and Panama, and support the expanding portfolio of SME loans handled by subsidiaries in Honduras and Costa Rica.

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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.

Costa Rica: $20 million for SME's

July 2009

IFC granted a $20 million loan to Banco Improsa, and auhtorized its incorporation to the Global Trade Finance Program.

IFC, a member of the World Bank Group, will provide a $20 million long-term financing to Banco Improsa in Costa Rica, to expand access to finance for local small and medium enterprises and $5 million in guarantees to expand bank’s capacity to provide trade finance.

Multibank Gets $ 6 million Loan

November 2010

The IIC financing will create effective mechanisms to channel credits to SMEs in Panama.

The Inter-American Investment Corporation (IIC) approved a loan of up to $ 6 million to Multibank, Inc. for the financing of SMEs in Panama by leasing and factoring, working capital and housing for Panamanian citizens.

$ 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.