Guatemala: Cheaper Loans for SMEs

The Government lowered interest rates for loans for micro, small and medium companies.

Thursday, August 27, 2009

With this measure, intermediation costs dropped from 35% to 12%.

Rodolfo Cardona, Economy vice minister, told Elperiodico.com.gt that "... the objective is increase loans for the development of micro and small entrepreneurs, using resources from international organizations".

More on this topic

$15 Million for Guatemalan SMEs

March 2011

DEG, the German Investment Corporation granted local bank "Banco de Los Trabajadores" (Bantrab) a credit line to lend to Small and Medium Enterprises.

Mauricio Álvarez, strategic planner at Bantrab, explained they had also negotiated credit lines with Dresdner Bank, Wells Fargo and the Central American Bank for Economic Integration.

More Resources for Salvadoran MSMEs

January 2011

Government officials announced a $ 4 million fund to strengthen performance of MSMEs.

Mario Cerna, Vice Minister of Commerce and Industry told the media: "It is a state investment in micro, small and medium businesses looking to become more efficient, that is to reduce costs and produce more, but also implement technology in their production processes, including helping them to innovate their products."

Credit for Entrepreneurs in Panama

November 2010

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

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).

$3.5 Million for Guatemalan SMEs

September 2009

Through a loan with BCIE, "Génesis Empresarial" foundation will expand its credit lines.

The foundation will use these resources in giving loans to SMEs and communal rural banks.

Édgar Ballsels, director of the Central American Economic Integration Bank (BCIE), told newspaper Prensa Libre that the entity "has decided to extend credit lines for small and medium enterprises...".

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