Financing SMEs
in Central America
Friday, January 20, 2012
The Ministry of Economy of El Salvador has made available to employers a portfolio of funds to be disbursed during the year.
A press release from the Ministry of Economy of El Salvador reads:
Productive Development Fund (FONDEPRO) of the Ministry of Economy has made available to businesses, this January 20th , a portfolio of funds which are ready to be disbursed during the current year in order to improve competitiveness and create economic impact in El Salvador.
Thursday, January 5, 2012
From January 19th with the entry into force of the law to encourage development the Banco Multisectorial de Inversiones (Multisectoral Investment Bank) will operate as Banco de Desarrollo, (Development Bank or BDES).
The bank can then direct lending to small and medium enterprises (SMEs). At the moment it can only do so through lines opened by private banks.
Monday, December 19, 2011
The Banco de Costa Rica (BCR) has requested a $30 million loan to strengthen its capital and to provide financing to SMEs.
A press release from the Inter American Investment Corporation (CII in Spanish) reads:
Monday, December 12, 2011
On December 14 in Panama City the regional forum under the theme "Entrepreneurship, Employment and Local Development" will take place.
The event will bring together representatives from countries in Central America and the Caribbean, and is sponsored by the Regional Centre for the Promotion of Micro and Small Enterprises in Central America.
Wednesday, November 30, 2011
The loans are intended to support pension system and financial sector reform, and to help the country cope with natural disasters.
The Inter-American Development Bank (IDB) has approved three loans to Honduras for a total of $180 million to support reforms to the pension system and financial sector, and to help the country cope with natural disasters.
Tuesday, November 22, 2011
The OPEC Fund for International Development (OFID) and Banco Ficohsa have signed a credit line to support continued access to long-term financing by SMEs.
A press release from the OFID reads:
The OPEC Fund for International Development (OFID) and the Banco Financiera Comercial SA Honduras (Banco Ficohsa) yesterday signed an agreement for a line of $10 million credit to support continued access to long-term financing by Small and Medium Companies (SMEs) in Honduras.
Friday, November 18, 2011
The BBVA Foundation and AMPYME have agree to the first private-public partnership for microfinancers in Panama.
The Microfinance Foundation of the Spanish bank BBVA has teamed up with the Authority for Micro, Small and Medium Enterprises in Panama to promote the use of financial products from these companies.
Wednesday, November 2, 2011
The International Finance Corporation (IFC) has signed an agreement with the bank to develop its portfolio of products for small and micro enterprises.
According to a press release from the IFC, the initiative will help create jobs and promote economic growth in Honduras.
Tuesday, October 11, 2011
The funds will be used to improve the competitiveness of MSEs in the Huétar Norte region and expand rural credit services in the South Central region.
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.
Friday, October 7, 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.
Thursday, October 6, 2011
The Chamber of Industry reports that small businesses will be significantly affected by the amount of taxes proposed in the tax package being studied in the Legislative Assembly.
From the press release:
The tax plan will significantly increase income tax payments for smaller companies
Tuesday, October 4, 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.
Tuesday, September 27, 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.
Wednesday, September 14, 2011
Panamanian businesses with turnover of less than $36 thousand a year will have access to a tax credit for up to 100% of the value of the equipment.
The credit is for the purchase of a single piece of equipment whose price can not exceed $850.
With the new regulations to be included in the amendments to Bill 375, the General Directorate of Income is trying to alleviate the economic impact for micro businesses.
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