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Fifteen New Branches for ProCredit Bank in El Salvador

With an investment of $1.5 million, the bank will have a total of 60 branches around the country to serve its 200 thousand customers.

Monday, April 6, 2009

Its CEO, Emmanuel Decamps, reported that the new agencies will generate more than 50 direct jobs.

Elsalvador.com reported Decamps’ statements: "We see 2009 as a very important year to continue growing with our customers and offering credit to Salvadoran micro, small and medium sized enterprises that may need financing."

During January and February 2009, the bank loaned about $23 million of its own capital contributed by foreign shareholders in over 20 thousand working capital financing transactions.

Source: elsalvador.com

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Banco Procredit

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$10.5 million for Costa Rican SMEs

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The BCIE has granted a credit line to Cathay Bank to support MSME’s, as well as international trade and housing in Costa Rica.

A press release by the Central American Bank for Economic Integration (BCIE) reads:

The Central American Bank for Economic Integration (BCIE) has granted a loan to Banco Cathay allowing it to expand its global credit line to $10.5 million in order to support Micro, Small and Medium Enterprises (MSMEs) as well as international trade and housing Costa Rica.

Multibank Gets $ 6 million Loan

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$5 Million for ProCredit Honduras

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$16 Million for Guatemalan SMEs

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BCIE granted a credit line of $16.3 million to the Bank of Rural Development, known as Banrural, to be loaned to SMEs.

Banrural CEO, Samuel de la Cruz, stated that the interest rate will be around 12%, for 3 to 5 years. This loans will be available starting next Tuesday.