Credit for Entrepreneurs in Panama
Credit needs for the entrepreneurial sector in the country reached $ 245 million.
Tuesday, November 16, 2010
The figure comes from the study "Proposal of policy, strategy and action plan for implementation of micro-finance services in Panama", created by the Ministry of Economy and Finance, the Micro, Small and Medium Enterprises (Ampyme) and the United Nations Development Program (UNDP).
Millions of dollars earmarked for developing banking are standing idle in Costa Rica, because of legal, administrative and financial oversight problems.
Up until August three banking entities with microfinance licenses granted loans worth $154.17 million to micro and small businesses.
The Overseas Private Investment Corporation (OPIC) approved funding to Lafise Bank in order to support small and medium enterprises (SMEs) in the region.
Private banks will present recommendations and observations to improve access to credit for SMEs.
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