$64 million for Small and medium size companies in Guatemala
The Spanish Financing Company for Development (Cofides) will provide $64.4 million (51 million euros) to finance local companies.
Wednesday, December 3, 2008
Some 15 companies met yesterday with representatives of Cofides, hoping to get financing for their projects; these include the Digitex call center, Automercantil Vehicle Imports, the Municipality of Guatemala, two companies from free zones, a food packaging company and an assembly company.
A $20 million credit line will channel funds to the financial system for onlending to micro-, small-, and mid-sized productive enterprises
The funds will be used to finance agriculture, the environment, housing construction and for the municipalities in the country.
Honduran Micro, Small and Medium Enterprises will be entitled to easy loans for importing machinery and technology, to improve their production.
The project seeks to establish mechanisms to collect credit information and evaluations in order to facilitate access to financing for small and medium businesses.
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