$10 Million for SMEs of the Region
Costa Rican, Guatemalan and Panamanian SMEs will be able to tap a $10 million fund by Scotia Leasing, for financing projects.
Thursday, July 16, 2009
Some 100 small and medium companies will benefit from the financing made available by Scotia Leasing Costa Rica, Scotia Leasing Guatemala and Scotia Leasing Panamá. The funds were provided for loan by the Interamerican Investment Corporation (IIC).
It is estimated that approximately 300 SMEs will benefit from this operation.
With the fund provided by the Inter-American Development Bank (BID, acronym in Spanish), 29 projects will be executed for small and medium businesses.
The IIC financing will create effective mechanisms to channel credits to SMEs in Panama.
The Inter-American Investment Corporation (IIC) has authorized a credit line to BBVA Panamá with the aim of giving SMEs access to finance.
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