Credit in Costa Rica: Interest Rate Reductions

In order to help cooperatives, cope with the emergency caused by the spread of covid-19, the National Institute for Cooperative Development agreed to reduce the interest rate on loans.

Wednesday, March 18, 2020

This decision was taken to support the cooperative sector, especially the agricultural sector, which has been suffering from a variety of effects. The authorities also hope to make a significant contribution to the country, in the context of the current epidemiological situation, reported the National Institute for Cooperative Development (INFOCOOP).

Change in rates by type of credit:

Line of credit
Previous rates
2020 rates (Warranty in INFOCOOP)
2020 rates (Guarantee with trust)
Microcredit
9% to 12%
7.75%
7.25%
Productive Activities
8% to 10%
6.55%
6.55%
Schoolchildren and youth
7% to 10%
6.55%
6.55%
Housing
8% to 12%
7.40%
6.90%
Education
8% to 12%
7.75%
7.25%
Services
8% to 13%
7.755
7.75%
Consumption
8% to 15%
7.75%
7.25%
Enterprises in priority populations
8% to 13%
6.55%
6.55%
Enterprises
8% to 13%
8.50%
8.00%
Tourism
8% to 14%
7.75%
7.25%
Environmental projects
8% to 12%
6.55%
6.55%

In CentralAmericaData we prepared the interactive report "Business Outlook: Coronavirus Impact on Business Sectors", to help you prepare and answer questions such as:

How and how much will my company be affected? How much will the decrease in consumption impact my activity? How much could the demand for my products and services fall in the medium term? Which sectors are most at risk of registering significant falls in their sales? How many of my clients and suppliers could face problems?

Interactive report with online access. Delivery in 24 hours.

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