$115 Million for Nicaraguan Agriculture

It is available to small and medium agricultural producers for the 2009-2010 production cycle.

Friday, May 22, 2009

The President of the Nicaraguan Association of Microfinance Institutions - ASOMIF, Julio Flores, noted that these loans will benefit more than 120 thousand producers.

Elnuevodiario.com.ni reported more statements by the president: "For 2009, micro-financial companies have big challenges, including the ability to renew and maintain the level of existing lines of credit and increasing them to meet growing productive sector demands."

More on this topic

Nicaragua: Microfinancers Looking For Loans

September 2011

Foreign funding may not arrive, so support is being sought from domestic banks.

The possibility of external funding being log jammed making it impossible to use in programs for 2012 has led the Association of Microfinancers in Nicaragua to seek alternative financing nationwide.

El Salvador: Development Banking Starts in January

December 2010

Authorities argue that the creation of this institution will be of great assistance to MSEs.

The announcement was made by President of El Salvador Mauricio Funes in the First Business Meeting on Micro and Small Enterprises (MSEs).

The president also announced the launch in January 2011 of a program called “Family farming”, aiming at providing technical and financial assistance to families with greatest economic needs in the country writes Laprensagrafica.com. "... The program will be implemented in order to provide more comprehensive benefits to farmers of the country..."

$5 Million for Honduran SMEs

March 2010

Honduran Micro, Small and Medium Enterprises will be entitled to easy loans for importing machinery and technology, to improve their production.

The funds, granted by the Government of Taiwan, are already deposited in a bank in Honduras, explained Jhon Lai, Taiwanese Ambassador in Honduras.

Credit access project for Panamanian Micro, Small and Medium sized businesses

November 2008

The project seeks to establish mechanisms to collect credit information and evaluations in order to facilitate access to financing for small and medium businesses.

The project, which will be development over 40 months, includes an investment of $1.7 million dollars, of which 69% will be provided by the IDB's Multilateral Investment Fund; the remaining 31% will be provided by the Panama Credit Association (APC).

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