Bancredito teams up with BBVA for micro credit in Costa Rica

Bancredito signed a deal with the BBVA Foundation to offer microcredit in Costa Rica

Wednesday, October 22, 2008


The agreement will allow Bancredit to take advantage of the BBVA Foundation's experience in the development and implemenation of financial products and services for small companies.

The Microfinance fundation, BBVA, is an entity created by the BBVA Group in accordance with its strategy of corperate responsibility.

The pact was signed by Guillermo Quesada, general manager of Bancredito and Manuel Mendez del Rio, president of the BBVA Foundation.

More on this topic

Boost for Microfinancers in Panama

November 2011

The BBVA Foundation and AMPYME have agree to the first private-public partnership for microfinancers in Panama.

The Microfinance Foundation of the Spanish bank BBVA has teamed up with the Authority for Micro, Small and Medium Enterprises in Panama to promote the use of financial products from these companies.

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.

BBVA Panama To Invest in Social Projects

March 2010

The bank announced it will invest 1% of its net earnings of 2009 in social responsibility projects.

Alberto Conde, CEO of the Panamanian branch, explained their top objectives will be education, football and culture, and that they will invest around $407.000.

He also told newspaper La Estrella that “this year, over 1.000 kids from around the country have benefited from our scholarships”.

$20 Million for Small and Medium Sized Panamanian Enterprises

August 2010

The Inter-American Investment Corporation (IIC) has authorized a credit line to BBVA Panamá with the aim of giving SMEs access to finance.

The credit line seeks to make funds available to small and medium sized Panamanian companies, to help cover their operating costs and includes finance for working capital and revolving credit lines. This is the IIC’s second operation with BBVA Panamá.

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