15$ million credit for Salvadoran small and medium sized businesses

The Multilateral Investment Bank (MIB) and the Federation of Laborers Credit Unions and Banks launched a financial support program for small and medium sized businesses.

Tuesday, December 9, 2008

The program seeks to provide financial resources coming from the MIB for small and medium sized businesses in order to help them to overcome problems cause by the international financial crisis and to contribute to the development of the sector.

Nicola Angelucci, president of MIB, said that under this program they will disburse some $15 million this month, with the objective of providing liquidity to Fedecredito for the support of some 200,000 businessmen.

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