Credit access project for Panamanian Micro, Small and Medium sized businesses

The project seeks to establish mechanisms to collect credit information and evaluations in order to facilitate access to financing for small and medium businesses.

Friday, November 14, 2008

The project, which will be development over 40 months, includes an investment of $1.7 million dollars, of which 69% will be provided by the IDB's Multilateral Investment Fund; the remaining 31% will be provided by the Panama Credit Association (APC).

More on this topic

IDB, BBVA Panama sign $15 million to boost lending for small business

March 2010

BBVAP and IDB signed documents for a $15 million loan to provide BBVAP with long-term funding to support its lending to small and medium-sized enterprises.

The IDB loan will allow BBVAP to significantly expand its lending to SMEs, a strategic sector for economic growth and job creation in Panama.

IDB loan to help BBVA Panama boost lending for small businesses

November 2009

The Inter-American Development Bank approved a $15 million loan to provide Banco Bilbao Vizcaya Argentaria (Panama), S.A. (BBVAP) with long-term funding to support its lending to small and medium-sized enterprises.

Additionally, the IDB helped catalyze a parallel US$25 million loan from the German development lender Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) to BBVAP, a unit of the Spanish Grupo BBVA.

$26.8 Million For Small and Medium Businesses in Nicaragua

July 2009

With the fund provided by the Inter-American Development Bank (BID, acronym in Spanish), 29 projects will be executed for small and medium businesses.

The Multilateral Investment Fund (FOMIN, acronym in Spanish) is the organization in charge of executing the business initiatives.

IDB offers $30 million to Central American Small and Medium sized businesses

November 2008

The Inter-American Investment Corporation (IIC), an IDB affiliate, hopes to become a financial alternative for small and medium sized businesses.

John Beckham, corporate project coordinator of the IIC, explained that they have not set an amount per country since the entity will respond to demand.

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Xpand Group

Xpand Group offers to its clients global support in exports. With its network, the company gives access to small and medium enterprises to new markets such as: North America, Central America & Europe
Operates in El Salvador, Costa Rica, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2225-0435 - (506) 2524 2800

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