$20 Million for Small and Medium Sized Businesses in El Salvador

With a credit from the BID, Banco Agricola will expand its loan program for micro, small, and medium sized businesses (MiPyMEs acronym in Spanish).

Friday, June 26, 2009


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“The approval of the loan from the Inter-American Development Bank (BID acronym in Spanish) to Banco Agricola allows us to offer resources that are currently available to meet the needs of the credit market in El Salvador. And to continue supporting, especially, micro, small, and medium sized businesses, exactly as we have been doing in recent years,” said Juan Gonzalo Sierra, Financial Manager of Banco Agrícola.

More on this topic

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).

$26.8 Million For Small and Medium Businesses in Nicaragua

July 2009

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 Multilateral Investment Fund (FOMIN, acronym in Spanish) is the organization in charge of executing the business initiatives.

IDB offers $30 million to Central American Small and Medium sized businesses

November 2008

The Inter-American Investment Corporation (IIC), an IDB affiliate, hopes to become a financial alternative for small and medium sized businesses.

John Beckham, corporate project coordinator of the IIC, explained that they have not set an amount per country since the entity will respond to demand.

IDB, BBVA Panama sign $15 million to boost lending for small business

March 2010

BBVAP and IDB signed documents for a $15 million loan to provide BBVAP with long-term funding to support its lending to small and medium-sized enterprises.

The IDB loan will allow BBVAP to significantly expand its lending to SMEs, a strategic sector for economic growth and job creation in Panama.

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