Dutch Bank approves $27 million for Lafise
The Dutch Development Bank approved the loan to the Lafise Financial Group and is to be used to support small and medium industry in Central America.
Wednesday, October 8, 2008
A first figure of 23 million dollars will be used to continue providing financing to small and medium companies in Central America in the manufacturing, agriculture, transport, commercial and service sectors and also to encourage companies to be more socially responsible.
The BCIE granted a loan of $15 million to the Lafise Group to finance the productive sectors in Nicaragua.
The Overseas Private Investment Corporation (OPIC) approved funding to Lafise Bank in order to support small and medium enterprises (SMEs) in the region.
The project seeks to establish mechanisms to collect credit information and evaluations in order to facilitate access to financing for small and medium businesses.
Honduran Micro, Small and Medium Enterprises will be entitled to easy loans for importing machinery and technology, to improve their production.
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