Panama: Loans Conference for SMEs
The show, organized by the Panamanian Micro, Small and Medium Sized Enterprise Authority (AMPyME in Spanish), will be held on 1 and 2 of September in the Atlapa Conference Center.
Monday, August 30, 2010
The idea of the show is to gather under one roof as many financial institutions as possible with products for the MSME sector with the aim of providing small companies with the support they need to develop their businesses.
The Panamanian government is allocating this amount to the development of micro and small businesses involving 546,412 establishments on the national level.
700 micro businesses completed procedures for obtaining credit from financial institutions.
The demand for loans for micro and small enterprises was around $900 million over the past two years and went largely unfulfilled.
The World Bank has approved a loan to finance Micro, Small and Medium Enterprises (MSMEs).
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