$26.8 Million For Small and Medium Businesses in Nicaragua

With the fund provided by the Inter-American Development Bank (BID, acronym in Spanish), 29 projects will be executed for small and medium businesses.

Friday, July 3, 2009

The Multilateral Investment Fund (FOMIN, acronym in Spanish) is the organization in charge of executing the business initiatives.

La Prensa publishes on its website: “Mirna Lievano, the BID’s representative in Nicaragua, explained that the amount mentioned above does not include $133.4 million that the multilateral organization will provide to the public sector in the country this year.”

More on this topic

Nicaragua: $2 Million SME Factoring Project

August 2010

Through an agreement with the IDB's Multilateral Investment Fund (Fomin), the company Credifactor will offer factoring (selling invoices at a discount) services to small and medium sized enterprises.

The total cost of the project is approximately two million dollars, which will enable Credifactor to develop its capabilities, carry out training and expand its services across Nicaragua.

IDB, BBVA Panama sign $15 million to boost lending for small business

March 2010

BBVAP and IDB signed documents for a $15 million loan to provide BBVAP with long-term funding to support its lending to small and medium-sized enterprises.

The IDB loan will allow BBVAP to significantly expand its lending to SMEs, a strategic sector for economic growth and job creation in Panama.

$20 Million for Small and Medium Sized Businesses in El Salvador

June 2009

With a credit from the BID, Banco Agricola will expand its loan program for micro, small, and medium sized businesses (MiPyMEs acronym in Spanish).

“The approval of the loan from the Inter-American Development Bank (BID acronym in Spanish) to Banco Agricola allows us to offer resources that are currently available to meet the needs of the credit market in El Salvador.

Credit access project for Panamanian Micro, Small and Medium sized businesses

November 2008

The project seeks to establish mechanisms to collect credit information and evaluations in order to facilitate access to financing for small and medium businesses.

The project, which will be development over 40 months, includes an investment of $1.7 million dollars, of which 69% will be provided by the IDB's Multilateral Investment Fund; the remaining 31% will be provided by the Panama Credit Association (APC).

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Xpand Group offers to its clients global support in exports. With its network, the company gives access to small and medium enterprises to new markets such as: North America, Central America & Europe
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