$27 Million for Renewable Energy Projects

El Salvador's Multi Sector Investment Bank launched the "Renewable Company" program.

Thursday, August 20, 2009

The program is oriented to companies looking to develop renewable energy projects, or small business wanting to reconvert their companies to renewable processes. The bank (BMI) will finance up to 80% of the total investment.

From Laprensagrafica.com: "For renewable energy projects, the loan limit will be $4 million. Interest rate will vary between 3.6% and 4% depending on the company's risk rating".

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$15 Million for Guatemalan SMEs

March 2011

DEG, the German Investment Corporation granted local bank "Banco de Los Trabajadores" (Bantrab) a credit line to lend to Small and Medium Enterprises.

Mauricio Álvarez, strategic planner at Bantrab, explained they had also negotiated credit lines with Dresdner Bank, Wells Fargo and the Central American Bank for Economic Integration.

El Salvador: $4 Million in Centers for SMEs

June 2010

$4 million have been earmarked for the initial development of the so-called CDMYPES, or Centers for the development of Micro and Small Companies (SME).

The announcement was made by Mario Cerna, vice minister of Commerce and Industries, noting that these centers should be open by the end of 2010.

Nicaragua gets $10 million from the IDB

November 2009

IDB loan will help small and medium-sized enterprises expand export and attract foreign investment.

The Inter-American Development Bank (IDB) approved a $10 million loan to finance a foreign trade program that will help small and medium-sized enterprises (SMEs) in Nicaragua expand exports and attract foreign investment.

Support plan for small business launched in Nicaragua

December 2008

The program was launch by the Association of Producer and Exporters (Apen), the organism which won the international contest by the EU for the internationalization of Small Businesses and for which they will received $1.5 million in financing.

Enrique Zamora, president of Apen, explained that they participated in the contest along with financial development company from Mexico and all the chambers from Central America.

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