Costa Rican Financial Company to go Regional
In late 2010 Financiera Desyfin will begin its expansion plan, opening branches in new countries every three months.
Wednesday, July 15, 2009
Focused in SMEs, the company has factoring as one of its services. Its first branch outside Costa Rica will be either in El Salvador or Guatemala, and from there they will expand to the rest of the Central American countries.
Micro financing company Fundeser, also known as the Foundation for Socio Economic Rural Development will in February its formal application to become a regulated financial company.
With steady growth and reaching up to $1 billion a year, this financing mechanism is controlled by 24 companies, mostly banks.
The financing company is registering with the regulating authority the creation of a financial group made up by the financing company, an insurance seller and a leasing company.
In short, Financia in Costa Rica and Banco Financia (BMF) in Panama will begin to use the Guatemalan financial company’s brand.
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