$14.4 Million for Costa Rican PYMEs

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

Friday, February 13, 2009

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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More on this topic

$ 2 Million in Credits for Costa Rican SMEs

February 2011

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

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.

Costa Rican Credit for SMEs

January 2011

State banks will allocate $670 million through different programs aimed at Small and Medium Enterprises.

According to a survey conducted by La Nacion with State owned financial institutions, the sectors most favored will be service and trade.

"For 2011 Banco Nacional has a budget of $375 million to lend to MSMEs, Banco Popular has $243 million, BCR $30 million and Bancrédito $22 million, respectively."

$40 Million for Costa Rican SMEs

April 2010

The German loan had been stuck for four years at the Costa Rican Congress.

In addition to the $40 million loan, Germany also donated $800.000 (600.000 euros).

“The main objective of this program is to reduce environmental pollution by controlling the emissions of companies receiving these loans”, reported Elfinancierocr.com. “Banco Nacional will manage the funds”.

$35 million for Costa Rican MSMEs

February 2009

The Banco Popular will make the sum available for MSMEs that lack the collateral needed for a credit line.

Andrey Monge writes in Elfinancierocr.com: "The funds are part of the institution's net income, and will be assigned through an auction of guarantees, to be executed on February 20th by the Fund for the Development of Micro, Small and Medium Enterprises (Fodemipyme)"

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