15$ million credit for Salvadoran small and medium sized businesses

The Multilateral Investment Bank (MIB) and the Federation of Laborers Credit Unions and Banks launched a financial support program for small and medium sized businesses.

Tuesday, December 9, 2008

The program seeks to provide financial resources coming from the MIB for small and medium sized businesses in order to help them to overcome problems cause by the international financial crisis and to contribute to the development of the sector.

Nicola Angelucci, president of MIB, said that under this program they will disburse some $15 million this month, with the objective of providing liquidity to Fedecredito for the support of some 200,000 businessmen.

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.

$53 million for Honduran small businesses

January 2009

Within 30 days the government will open lines of credit for small and medium businesses.

The Vice Minister of Small and Medium Businesses, Ana Munguia announced, according to Latribuna.hn, that "We know that small businesses have always had access to the resources, we have an order from the President of the Republic for these resources to be made available within 30 days."

El Salvador: $400 million for loans to productive sector

December 2008

The main condition from the IDB is that the BCR use the funds to create a short-term credit portfolio in the financial system for working capital and international trade.

The Central Bank indicated that the reserves will be available at participating financial institutions, who have responded positively to channeling the resources to production activities, including small businesses.

IMF opens short term lines of credit

October 2008

The International Monetary Fund (IMF) will direct the resources to those economies suffering the most at finding financing.

The IMF announced yesterday its decision to increase its efforts to support those countries affected by the crisis, and is considering advancing liquidity for short periods, but on the condition that proper administration be of said funds be carried out.

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