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