Ninety-One Secured Property Transactions in Guatemala

In the 2 months that the Secured Transaction Registry has been operating, there have been 91 inscriptions for amounts of up to $20 million.

Thursday, March 12, 2009

This registry allows companies to inscribe all types of assets and is seen by companes as a way to access more credit in the financial system.

In an article in sigloxxi.com, Juan Orlando Garcia Rivera, a registry official, indicated that the inscriptions have been made for large amounts of up to $20 million and that "an endless amount of property has been given as collateral such as: agricultural machinery, business inventories, credit titles, brands and trade names."

More on this topic

Increased Use of Crops as Collateral

November 2012

When there aren’t sufficient assets to use as collateral for bank financing, producers are registering their crops in the "Registro de Garantías Mobiliarias" (Movable Collateral Registry - RGM).

Prensalibre.com reports that "Of the 400 entries of movable items from January to November in the RGM, at the Ministry of Economy (Mineco), more than 150 correspond to crops of gold and pergamine coffee.”'

Guatemala: Record $75 Million Property Guarantee

July 2010

The registration of sugar inventory in the Property Guarantee Registry (RGM) is the biggest since its creation.

As a guarantee for a $75 million loan, Sucden Americas Corporation has registered a 20,000 ton sugar inventory.

Prensalibre.com reports that, "the product will either be stored in Expogranel's installations or those belonging to the Association of Guatemalan Sugar Producers (Asazgua)".

Guarantee Registry already operating in Guatemala

January 2009

The Property Guarantee Registry (RGM) received its first registration for $10 million on Monday.

According to prensalibre.com "Erasmo Velasquez, vice minister of Economy, confirmed that the Nuevos Almacenes S.A. company, which runs the Cemaco stores, registered a guarantee for its warehouse stock, in order to request a loan from a bank abroad."

Real and Personal Guarantee Registry in Guatemala

December 2008

The Ministry of the Economy will be in charge of the Registry (RGM) which will start to function on January 2.

According to prensalibre.com, "micro, medium and small business will be able to access credit and property at the registry as a guarantee for banks and other financial entities, such as agricultural equipment, harvest, merchandise inventory, certificates, computers, and other property.

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