Protecting the Payment Culture

It is necessary to prevent the governmental assistance to less solvent debtors from destroying the payment culture.

Friday, February 20, 2009

The micro-finance sector globally has a very low level of default, a product of a culture that is important to preserve by restructuring contracts in risk instead of granting direct financial assistance to debtors.

More on this topic

Costa Rica: Unregulated Growth in Microcredit

July 2015

The number of companies providing quick loans at high interest rates to people who are not eligible for credit in the financial system has increased.

The market segment that caters to people who are not eligible for credit in the formal financial system has grown in recent years. One example is Instacredit, whose loan portfolio balance has increased at a rate of 25% a year since 2010, according to

Micro-credit Up 18.7% in First Semester

September 2009

This figures are a glimpse of this market's potential in Panama, say local financial brokers.

One of the effects of the economic crisis was that thousand of Panamanians rushed to establish their own businesses, causing an increase in micro-credit of 18.7% in the first half of 2009, when compared to the same period of 2008.

Micro-Finance and the Global Crisis

February 2009

The management of micro-financing in the context of the global financial and economic crisis implies challenges, but also opportunities.

With the title "The World Crisis and Micro-Finance," the Academy of Central America organized a discussion for legislative advisors and journalists, where a professor of Ohio State University, Claudio González Vega, analyzed the role of the micro-finance in the current situation.

Honduras small businessment complain about microcredit rates

July 2008

Managers of small business firms in Honduras are complaining about the difficulty of getting credit at reasonable rates. Financial organizations say the credit is there and the process isn't onerous.

However, interest rates for this sector are between 19 and 36 percent per year. Some financial institutions charge interest according to the outstanding balance, but in other cases rates are fixed.

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