The agreement was signed by Multilateral Investment Fund (Fomin), part of Inter-american Development Bank (IDB), Inter-American Investment Corporation (CII), Andean Development Corporation (CAF), Overseas Private Investment Corporation (OPIC) and Blue Orchard Finance.

As reported by Elfinancierocr.com, "Microf, the Micro-Company Growth Facility, aims to reignite credits at micro-financing institutions".

Source: elfinancierocr.com

More on this topic

Guatemala: Microfinance Law Takes Effect

November 2016

From November 10 the law regulating the activity of micro financing comes into force and forces these types of companies to register with the Superintendency of Banks.

With the entry into force of Law 30 regulations governing issues related to liquidity, solvency and corporate governance will be published.  

Microfinancers to Fund Housing

August 2014

In Nicaragua two microfinancers will provide short-term loans for progressive housing construction.

The Microfinance companies which up until now have focused on short-term loans to individuals and microenterprises outside of the banking system, will begin to break into the housing market, offering loans for home improvement and construction.

Costa Rica Airport Receives Funds for Expansion

October 2011

$100 million of loans have been granted, paving the way for larger passenger capacity at Juan Santamaria Airport.

A press release from the Inter-American Development Bank reads:

Juan Santamaria International Airport in San Jose, Costa Rica has successfully completed a three-year restructuring process and is preparing to more than double its passenger capacity after partnering with the Inter-American Development Bank (IDB) and the Overseas Private Investment Corporation (OPIC).

Alternative financing options for the private sector

October 2008

In times of credit crunch from the usual sources, it is appropriate to remember that there are other alternatives for financing projects.

The Andean Development Corporation (CAF), the International Finance Corporation (IFC) of the World Bank, the Inter-American Investment Corporation (IIC) of the IDB, and the Central American Economic Integration Bank (BCIE) are all sources of financing for high impact development projects by the private sector which are highly unused by our bankers and businesses.