Guatemala: Good Supply of Micro-Loans

Four banks compete with a wide range of small credits under $20 thousand Dollars.

Wednesday, September 29, 2010

Industrial Bank (BI), Rural Development (Banrural), G & T Continental and Bantrab offer term, conditions and personalized service in order to fill this market niche.

Sigloxxi.com writes "The president of the Central American Microfinance Network (Redcamif), Reynold Walter, said that loans of this type represent 70% in rural areas, while in metropolitan areas account for 30%. Out of the total, two-thirds are managed by women. "

Fourth quarter is usually marked by an increase in economic activity which generates higher demand for these smaller credits.

More on this topic

Microcredit Grows in Guatemala

April 2012

Between 2010 and 2011 the microfinance portfolio increased by 23%, going from $84 million to $104 million, averaging $529 per loan.

From the Journal of the Chamber of Industry of Guatemala:

Microfinance institutions in Guatemala maintain a dynamic support for the development and growth of thousands of micro and small businesses around the country, especially in rural areas.

Nicaragua: $ 20.6 Million for Microcredit

March 2011

60% of the funds will go to small and medium size farmers.

Representatives of the Foundation for Rural Social and Economic Development (Fundesers) noted that about 36 thousand customers will be benefited with a line of credit.

"In the last two and half months Fundeser has recovered foreign funds for up to $ 1.2 million dollars, which will contribute in financing the planned growth for this year," reported Laprensa.com.ni.

Micro-credit Up 18.7% in First Semester

September 2009

This figures are a glimpse of this market's potential in Panama, say local financial brokers.

One of the effects of the economic crisis was that thousand of Panamanians rushed to establish their own businesses, causing an increase in micro-credit of 18.7% in the first half of 2009, when compared to the same period of 2008.

Honduras small businessment complain about microcredit rates

July 2008

Managers of small business firms in Honduras are complaining about the difficulty of getting credit at reasonable rates. Financial organizations say the credit is there and the process isn't onerous.

However, interest rates for this sector are between 19 and 36 percent per year. Some financial institutions charge interest according to the outstanding balance, but in other cases rates are fixed.

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