Database for Panamanian MSEs
The “MSE Visibilization” program seeks to incorporate micro and small enterprises into the financial system.
Monday, June 8, 2009
The project, developed by the Panamanian Credit Association (APC), incorporates a database from the sector in order to carry out credit evaluation.
The project seeks to establish mechanisms to collect credit information and evaluations in order to facilitate access to financing for small and medium businesses.
The IIC financing will create effective mechanisms to channel credits to SMEs in Panama.
"Microfinanzas", a micro-finance project from the Development Banking System, would provide financing for 4.000 companies.
BCIE granted a credit line of $16.3 million to the Bank of Rural Development, known as Banrural, to be loaned to SMEs.
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