$30 Million in loans for Honduran Industry and Commerce

BANADESA signed an agreement with businessmen to provide financial support to members of the chambers of commerce.

Tuesday, March 3, 2009

The loans will have an annual interest rate of 7%, a two-year grace period and a minimum of $2600.

According to the article in tiempo.hn, the agreement was signed by "the Federation of Chambers of Commerce (Fedecamaras), the Ministry of Industry and Commerce and the National Bank for Agricultural Development (BANADESA), with the aim of giving financial support to members of the chambers of commerce at national level in the face of the minimum wage increase."

More on this topic

Guatemala: Still No Rebound in Private Credit

September 2017

Uncertainty caused by the complex political situation facing the country explains much of the stagnation in the growth of bank credit to the private sector.

Credit to the business sector has remained virtually unchanged since the end of last year to date, reflecting the difficulties faced by companies in planning investments in the short and medium term given the current political situation. Year-on-year growth stands at around 5%, a trend that has been maintained throughout the year. See: "Corruption, impunity and politics"

Advantages of Formality in the search for Credit

February 2016

83% of companies operating in a legal framework and who were surveyed by the Superior Council of Private Enterprise, obtained credit when they requested it to the financial system.

From a statement issued by the Superior Council of Private Enterprise in Nicaragua:

The Superior Council of Private Enterprise (COSEP), presents the Sustainable Business Survey Nicaragua 2015.

Record Costs for Loans in Costa Rica

August 2012

The current interest rates for loans to companies have reached levels not seen for six years.

An article in Nacion.com reports that "Business are facing real interest rates ranging from 11% to 13%", with "real rates" defined as "the nominal amount, announced or offered by entities, minus inflation."

$25 Million for G&T Continental Bank

April 2009

The IFC announced the addition of the Bank to the Global Foreign Trade Finance Program (GTFP).

The objective of the International Finance Corporation is to support local banks in promoting trade within their respective countries.

The manager of the international area of G&T Continental Bank, Sergio Bocanegra, told Siglo XXI: "The amount could rise to $50 million within 6 months.

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