$ 2 Million in Credits for Costa Rican SMEs

The Norwegian Investment Fund for Developing Countries (Norfund) will invest $ 2 million in financial institution Desyfin.

Friday, February 4, 2011

The resources, which are for financing small and medium enterprises, will be dispersed through various programs and services,"... such as discounted invoices, working capital, leasing for the acquisition of production, medical and technology equipment and financing of new environmentally friendly projects, among others," reported Elfinancierocr.com.

To access these lines of credits companies must have assets valued at less than $ 10 million and annual sales under $ 10 million.

More on this topic

Still No Credit for MSMEs

May 2012

Three years after the entry into operation of the Development Bank, the percentage of MSMEs accessing credit as companies has barely increased.

In Costa Rica, the sector of Small and Medium Enterprises still faces serious problems with financing, so that 57% of these companies are financed from their own resources.

Multibank Gets $ 6 million Loan

November 2010

The IIC financing will create effective mechanisms to channel credits to SMEs in Panama.

The Inter-American Investment Corporation (IIC) approved a loan of up to $ 6 million to Multibank, Inc. for the financing of SMEs in Panama by leasing and factoring, working capital and housing for Panamanian citizens.

$7 Million for Costa Rican SMEs

September 2010

CABEI and the country's largest finance company, Desyfin, have signed an agreement that will make $7 million available to small and medium sized enterprises (SMEs).

The Central American Bank for Economic Integration (CABEI) loan is part of the 'banca de segundo piso' ("second tier banking") program through which CABEI seeks to give SMEs better access to credit, according to Leticia Vindas writing for the El Financiero web portal.

$14.4 Million for Costa Rican PYMEs

February 2009

Bank Lafise offers a line of credit of up to $178,570 (¢100 million) per business.

Elfinancierocr.com publishes: "The line of credit is directed to PYMEs with total assets less than $2.5 million and with a maximum of 100 employees. Furthermore, it is targeted to financing the industrial, agriculture, and commerce and services sectors."

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