$10.5 million for Costa Rican SMEs

The BCIE has granted a credit line to Cathay Bank to support MSME’s, as well as international trade and housing in Costa Rica.

Friday, October 7, 2011

A press release by the Central American Bank for Economic Integration (BCIE) reads:

The Central American Bank for Economic Integration (BCIE) has granted a loan to Banco Cathay allowing it to expand its global credit line to $10.5 million in order to support Micro, Small and Medium Enterprises (MSMEs) as well as international trade and housing Costa Rica.

With this new funding of $3.5 million, CABEI has approved a total sum of U.S. $10.5 million for this sector and channeled it to this bank, which is regulated and supervised by the Superintendent of Financial Institutions of Costa Rica.

According to the characteristics of the line of credit, funds will be used for comprehensive support to micro, small and medium enterprises, rural development and international trade programs and housing.



More on this topic

BCIE Credit Line Increased for Costa Rican Financial Company

July 2013

The BCIE has granted an additional $3 million to Desyfin's global credit line, meaning that the total amount it now has reaches $10 million.

With this money Desyfin will finance "programs to support micro, small and medium enterprises, financial intermediation programs for social housing, the housing and urban improvement program, and factoring products for suppliers," explains Nacion.com.

El Salvador: $30 million IDB loan for Small Businesses

September 2011

The loan will benefit more than 1,000 producers by providing access to co-financing for enhancing trade capacity.

A press release by Inter-American Development Bank (IDB) states:

The Inter-American Development Bank (IDB) has approved a loan of U.S. $30 million to El Salvador for the program of Development Support Production for International Integration, which will increase the ability of micro, small and medium enterprises (MSMEs) to participate in national, regional and global value chains.

Bantrab Receives $15 Million For Guatemalan SMEs

April 2011

Guatemala’s sixth largest bank, Bantrab (Spanish acronym for Worker’s Bank), landed a credit line from the German Development Bank (DEG).

Mauricio Álvarez, Bantrab’s head of strategic planning, explained that the funds will be loaned to small and medium enterprises from rural and urban areas.

$3.5 Million for Guatemalan SMEs

September 2009

Through a loan with BCIE, "Génesis Empresarial" foundation will expand its credit lines.

The foundation will use these resources in giving loans to SMEs and communal rural banks.

Édgar Ballsels, director of the Central American Economic Integration Bank (BCIE), told newspaper Prensa Libre that the entity "has decided to extend credit lines for small and medium enterprises...".

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