$5 million in arrears by Honduran small businesses

The delinquency rate for small companies is at 6% and has accumulated to $5 million already, the president of RedMicro, Anibal Montoya, indicated.

Tuesday, January 13, 2009

Elheraldo.com reports that "the network includes 24 organizations which deals with 190,000 small and medium businesses with a portfolio of $80 million.

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Honduras: Delinquency Increases in Micro Loans

August 2009

Delinquency is over 10%, the client portfolio is stagnant, and credits have grown just 5%.

When dealing with this scenario, Aníbal Montoya, vice president of the Honduran Micro Financing Network, recommended companies to be more effective and efficient when granting credit lines.

Micro Financing Companies Lending Less in Guatemala

July 2009

In the first three months of the year, micro financing companies lent $80 million, 12.5% less than the same period of 2008.

The Central American Micro Financing Network, known is Spanish as Redcamif, is worried by the figure, because credit growth from 2005 onwards averaged 34%.

Why do SMEs fail?

March 2012

Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.

In the case of Nicaragua the subject is sensitive, "because 60 percent of its business backbone is made up of micro, small and medium enterprises, which account for 40 percent of gross domestic product (GDP), estimated at more than six billion dollars.

Unpaid Banking Depts Drop in Guatemala

June 2015

Compared with other economies, the indicator measuring non-payment in the banking system is relatively small, with marked fluctuations in different sectors.

An article on Prensalibre.com reports that according to the Superintendency of Banks (SIB), the indicator for defaults in the Guatemalan banking system "went from 1.55% in May last year to 1.43% in the same month this year."

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Xpand Group

Xpand Group offers to its clients global support in exports. With its network, the company gives access to small and medium enterprises to new markets such as: North America, Central America & Europe
Operates in El Salvador, Costa Rica, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2225-0435 - (506) 2524 2800

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