Credit needs for the entrepreneurial sector in the country reached $ 245 million.
The figure comes from the study "Proposal of policy, strategy and action plan for implementation of micro-finance services in Panama", created by the Ministry of Economy and Finance, the Micro, Small and Medium Enterprises (Ampyme) and the United Nations Development Program (UNDP).
This figures are a glimpse of this market's potential in Panama, say local financial brokers.
One of the effects of the economic crisis was that thousand of Panamanians rushed to establish their own businesses, causing an increase in micro-credit of 18.7% in the first half of 2009, when compared to the same period of 2008.
An article in newspaper Prensa.com points out that "Mr.
At 0800 hours Monday the Tenth Annual Caribbean Conference of Step got underway. Step is an organization founded in 1991 in the United Kingdom, with a membership of experts in finance and administration of wealth.
The president of the Panama chapter of Step, Dayra Berbey de Rojas of Morgan & Morgan, said it's important for Panama to be active in this activity because it promotes the nation's image as an important provider of investment services.
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