Guatemala: Good Supply of Micro-Loans

Four banks compete with a wide range of small credits under $20 thousand Dollars.

Wednesday, September 29, 2010

Industrial Bank (BI), Rural Development (Banrural), G & T Continental and Bantrab offer term, conditions and personalized service in order to fill this market niche.

Sigloxxi.com writes "The president of the Central American Microfinance Network (Redcamif), Reynold Walter, said that loans of this type represent 70% in rural areas, while in metropolitan areas account for 30%. Out of the total, two-thirds are managed by women. "

Fourth quarter is usually marked by an increase in economic activity which generates higher demand for these smaller credits.

More on this topic

Microfinance Continues to Improve in Nicaragua

December 2014

So far this year microfinancers have provided loans totaling $197 million, above the $184 million lent at the end of 2013.

Microfinance companies expect to close 2014 with a loan portfolio of approximately $206 million, representing an increase of 11.5% and 4% increase in the number of clients served, compared to last year.

Demand for Micro-Credit down 25% in El Salvador

November 2009

Micro financing companies reported a 25% reduction in credit requests by Small and Medium companies.

Two problems have affected the micro financing industry: high delinquency rates and less funding available from second tier banks.

Not all is negative, though. Francisco López, from the Micro Financing Training and Advising Foundation, commented that "...

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.

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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