$ 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.
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 IIC financing will create effective mechanisms to channel credits to SMEs in Panama.
Bank Lafise offers a line of credit of up to $178,570 (¢100 million) per business.
Three years after the entry into operation of the Development Bank, the percentage of MSMEs accessing credit as companies has barely increased.
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