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.

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Guatemala: Bank Sells Microfinance Portfolio

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Banco de Antigua has announced the acquisition of the microcredit portfolio of the G & T Continental entity, which will continue to focus on consumer and corporate areas.

G & T Continental Bank reported that the operation is due to a restructuring process to meet the new technological trends in the financial market. 

Microfinance Continues to Improve in Nicaragua

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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

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

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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

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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.

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