Credit for Entrepreneurs in Panama

Credit needs for the entrepreneurial sector in the country reached $ 245 million.

Tuesday, November 16, 2010

The figure comes from the study "Proposal of policy, strategy and action plan for implementation of micro-finance services in Panama", created by the Ministry of Economy and Finance, the Micro, Small and Medium Enterprises (Ampyme) and the United Nations Development Program (UNDP).

Credit options for Panamanian SMEs are reduced to three: banks, finance and government.

Angel Lopez’s article in guides and outlines the conditions under which entrepreneurs can access credit through each of these options.

More on this topic

Panama: Microfinance Portfolio Up 20.65%

October 2013

Up until August three banking entities with microfinance licenses granted loans worth $154.17 million to micro and small businesses. reports that "statistics from the Superintendency of Banks in Panama up to August 2013 indicate that Banco Delta leads the credit portfolios, with 72.24% of the total. Its followers are MiBanco, with 17.12% and Banco G & T Continental, with 10.64% ... ".

$ 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.

Development Banking Ineffective in Costa Rica

June 2010

Millions of dollars earmarked for developing banking are standing idle in Costa Rica, because of legal, administrative and financial oversight problems.

The very laws that created these credit instruments are the reason of their lack of use. They end up not fulfilling their role of providing low cost financing for small and medium companies.

Improved Credit for Salvadoran SMEs

February 2010

Private banks will present recommendations and observations to improve access to credit for SMEs.

Armando Arias, president of the Salvadoran Banking Association (ABANSA), explained that after a crisis all regulation must be reviewed.

“We are conducting a global and integral analysis of credit for SMEs, from the moment they request a loan to when they pay, either willingly or through other mechanisms”, reported

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