$14.4 Million for Costa Rican PYMEs
Bank Lafise offers a line of credit of up to $178,570 (¢100 million) per business.
Friday, February 13, 2009
Elfinancierocr.com publishes: "The line of credit is directed to PYMEs with total assets less than $2.5 million and with a maximum of 100 employees. Furthermore, it is targeted to financing the industrial, agriculture, and commerce and services sectors."
State banks will allocate $670 million through different programs aimed at Small and Medium Enterprises.
The Norwegian Investment Fund for Developing Countries (Norfund) will invest $ 2 million in financial institution Desyfin.
"Microfinanzas", a micro-finance project from the Development Banking System, would provide financing for 4.000 companies.
It is estimated that approximately 300 SMEs will benefit from this operation.
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