Costa Rican Development Banking will finance up to $100.000

Based on consultations and technical studies, it was determined that this is the adequate maximum amount for SMEs to loan.

Friday, November 28, 2008

Additionally, the system should begin to operating in the first few days of December, even though it just has half of the necessary funds as the transfer and settlement of previous trusts have not been completed.

The interest rate that will be charged for these loans have still not yet been determined.

More on this topic

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.'"

Credit for MSMEs in Costa Rica

April 2012

Increased credit is available for mini, small and medium enterprises in the Banco Popular and Banco Nacional in Costa Rica, bringing the amount available to $740 million.

Banco Nacional now has ¢ 250,000 million ($493.66 million) for the productive sector, 50,000 million colones ($98.7 million) more than in 2011, said Victor Eduardo Acosta, director of the entity’s Development Bank.

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: Development Banking Lent $2.45 Million

June 2009

These credits have been distributed among 243 projects of micro and small entrepreneurs.

By the end of May, 51% of the loan has gone to the agriculture sector, 19% to commerce, 14% to cattle raising, 6% to services, 6% to dairy production, 3% to industry y 1% to tourism.

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