Lafise Group receives $15 million from the BCIE for the productive sector in Nicaragua
The BCIE granted a loan of $15 million to the Lafise Group to finance the productive sectors in Nicaragua.
Wednesday, October 22, 2008
The funds will be channeled via the Bancentro, which is a member of the Lafise Financial Group, and comes from three European organizations: the Belgian Investment Society for Developing Countries, the Finnish Fund for Industrial Cooperation and the Swiss Fund for Investment in Emerging Markets.
Through a mutual fund, the World Bank and other multilateral institutions, will be awarding $50 million to finance small and medium enterprises in the region.
The Bank said that it will not stop injecting capital, especially capital that is used for micro, small and medium companies.
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.
The Overseas Private Investment Corporation (OPIC) approved funding to Lafise Bank in order to support small and medium enterprises (SMEs) in the region.
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