Nicaragua: $ 45 Million in Production Loans

Banco Produzcamos accumulated a $ 45 million loan portfolio during its first 5 months of operation.

Monday, November 29, 2010

According to a report from the Superintendence of Banks, the banking institution, created to fund production activities, had $ 78 million in patrimony by late October.

"The manager and president of the Union of Agricultural Producers of Nicaragua, Manuel Alvarez, said that among the bank's projections is to close the year with a credit placement in excess of $46 million," reports Elnuevodiario.com.ni.

The executive added that to date 4.757 producers and nine cooperatives have benefited from loans.

More on this topic

$5 Million for ProCredit Honduras

August 2010

The Central American Bank for Economic Integration (CABEI) and Banco ProCredit Honduras have signed an agreement to open a credit line to finance micro-companies and SMEs.

With the $5 million credit line ProCredit seeks to strengthen its portfolio of micro, small and medium-sized enterprises (MSMEs) in Honduras.

El Salvador Negotiates $500 Million Loan

December 2009

The loan is being negotiated with BNDES, the National Development Bank of Brazil, and would be used in development projects.

President Mauricio Funes expects to sign the loan in the first quarter of 2010.

"According to Funes, the loan being negotiated is for $500 million and would be geared to supporting micro, small and medium companies", reported Invertia.

El Salvador: Credit to MSMEs

February 2012

The start of 2012 will see the launch of the new Development Banking System, which has $200 million in credit to support micro, small and medium enterprises.

Bandesal has, to start off with, $200 million for small and medium enterprises."However, we are aiming later on to provide funding for large enterprises, preferably those that require large investments such as construction and agricultural industries, said the technical secretary of the Presidency, Alexander Segovia," in an article by from Daniel Gonzalez Choto a ElFinancierocr.com correspondent in Costa Rica.

Costa Rica: Announces $93 million in Soft Loans

June 2015

Six financial institutions have been authorized to provide loans under the conditions imposed by the Development Bank, with interest rates of 3% in dollars and in line with the passive base rate in colones.  

Welmer Ramos, chairman of the Governing Board of the Development Banking System commented that "... 'These programs involve interest rates that are half the rates that currently exist for the same activities.'"

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