Costa Rica: $30 million for SMEs and Mortgages

The National Cooperative of Educators (Coopenae) will receive $30 million from the International Finance Corporation (IFC) for loans.

Thursday, July 28, 2011

The funds will go to mortgage loans for low-income families and financing for small and medium enterprises.

IFC, a branch of the World Bank will provide $15 million in colones, to which are added another $15 million also in colones provided by FMO, the Dutch development bank.

As detailed in a press release, the IFC will also provide advice to Coopenae on expanding its lending to micro and small enterprises.



More on this topic

Delta Bank Gets $6 million From IFC

September 2013

IFC, a member of the World Bank Group, will provide a loan to Banco Delta for lending to micro and small entrepreneurs in Panama.

From a press release by the International Finance Corporation (IFC):

IFC, a member of the World Bank Group, has awarded to Banco Delta SA the largest microfinance institution in Panama, a five-year loan for $6 million to support micro and small entrepreneurs who have little access to formal financial services. This is IFC's first investment in the microfinance sector of Panama, one of the most underdeveloped countries in Central America.

IFC to Finance Road Repairs in Honduras

October 2010

IFC will finance part of $ 44 million in road repairs in Tegucigalpa and Comayaguela.

The money will be channeled through three local banks: Ficohsa, Atlantida and Banco de Occidente, covering 36% of the $ 44 million credit loan the municipalities have with these banks.

Multibank Joins IFC Program

July 2009

Multibank joins IFC Program to expand trade financing for panamanian businesses.

IFC, a member of the World Bank Group, announced that Multibank today became the first issuing bank in Panama to join IFC’s Global Trade Finance Program to improve access to finance for local importers and exporters and entry to new markets.

Honduras: Atlántida Bank Associates with IFC

April 2009

The commerce program of the IFC supports Atlántida Bank in the expansion of its access to a world trade network.

The International Finance Corporation (IFC), a member of the World Bank Group, announced today that Atlántida Bank of Honduras has joined the Global Program for trade financing of the IFC, which will help the bank to access a world trade network and strengthen its support to SMEs that are dedicated to the import or export of goods in the country.

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