$3.5 Million for Guatemalan SMEs

Through a loan with BCIE, "Génesis Empresarial" foundation will expand its credit lines.

Friday, September 4, 2009

The foundation will use these resources in giving loans to SMEs and communal rural banks.

Édgar Ballsels, director of the Central American Economic Integration Bank (BCIE), told newspaper Prensa Libre that the entity "has decided to extend credit lines for small and medium enterprises...".

More on this topic

Atlántida Bank to Help Honduran MSMEs

November 2011

The International Finance Corporation (IFC) has signed an agreement with the bank to develop its portfolio of products for small and micro enterprises.

According to a press release from the IFC, the initiative will help create jobs and promote economic growth in Honduras.

Another Crutch Factory

March 2011

Another initiative by the corporation of state officials to justify their salaries, at the expense of the over-used “support the SMEs” motto.

"The Costa Rican Ministry of Economy, Industry and Trade (MEIC) together with the President's Competitiveness Council, the Economic Commission for Latin America (ECLAC) and the Banking System for Development are driving the creation of a “seed money” funding system in order to support Small and Medium Enterprises (SMEs)."

$35 million for Costa Rican MSMEs

February 2009

The Banco Popular will make the sum available for MSMEs that lack the collateral needed for a credit line.

Andrey Monge writes in Elfinancierocr.com: "The funds are part of the institution's net income, and will be assigned through an auction of guarantees, to be executed on February 20th by the Fund for the Development of Micro, Small and Medium Enterprises (Fodemipyme)"

The challenges facing Salvadoran small and medium companies

January 2009

In 2009 they will have a huge challenge getting access to financing for long term investment.

According to laprensagrafica.com, "Because of the low growth expectations for the country's economy and the slowness with which internal investments have been moving, it will make it harder to create adequate packages for small and medium businesses.

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