Alliance Between Walmart and Lafise will Benefit Growers

The commercial agreement created a $5 million fund to finance 500 small Nicaraguan growers.

Tuesday, June 22, 2010

Vernón Narváez, WalMart manager, explained that in addition to receiving funding, growers will commercialize their products in WalMart’s points of sale.

In turn, “Roberto Zamora, president of Lafise, estimated that this agreement will make it easier for farmers to sell their products directly to Walmart, and export to other markets once domestic demand is covered”, reported Prensalibre.com.



More on this topic

$ 45 Million for Regional SMEs

October 2010

The Overseas Private Investment Corporation (OPIC) approved funding to Lafise Bank in order to support small and medium enterprises (SMEs) in the region.

With better access to long-term credit, small-scale farmers, manufacturers and owners of retail businesses will be able to grow faster and in turn support their local economies.

$14.4 Million for Costa Rican PYMEs

February 2009

Bank Lafise offers a line of credit of up to $178,570 (¢100 million) per business.

Elfinancierocr.com publishes: "The line of credit is directed to PYMEs with total assets less than $2.5 million and with a maximum of 100 employees. Furthermore, it is targeted to financing the industrial, agriculture, and commerce and services sectors."

Lafise Group receives $15 million from the BCIE for the productive sector in Nicaragua

October 2008

The BCIE granted a loan of $15 million to the Lafise Group to finance the productive sectors in Nicaragua.

The funds will be channeled via the Bancentro, which is a member of the Lafise Financial Group, and comes from three European organizations: the Belgian Investment Society for Developing Countries, the Finnish Fund for Industrial Cooperation and the Swiss Fund for Investment in Emerging Markets.

Dutch Bank approves $27 million for Lafise

October 2008

The Dutch Development Bank approved the loan to the Lafise Financial Group and is to be used to support small and medium industry in Central America.

A first figure of 23 million dollars will be used to continue providing financing to small and medium companies in Central America in the manufacturing, agriculture, transport, commercial and service sectors and also to encourage companies to be more socially responsible.

 close (x)

Receive more news about Agronomy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(May 29)
Brent Crude Oil
37.960
Coffee "C"
97.9
Gold
1,735
Silver
18.485