IDB offers $30 million to Central American Small and Medium sized businesses

The Inter-American Investment Corporation (IIC), an IDB affiliate, hopes to become a financial alternative for small and medium sized businesses.

Thursday, November 20, 2008

John Beckham, corporate project coordinator of the IIC, explained that they have not set an amount per country since the entity will respond to demand.

In Costa Rica they have already approved credit for Ampo, Carnes Zamora, Industrias Los Patitos and Prima S. A.

More on this topic

$10 Million for SMEs of the Region

July 2009

Costa Rican, Guatemalan and Panamanian SMEs will be able to tap a $10 million fund by Scotia Leasing, for financing projects.

Some 100 small and medium companies will benefit from the financing made available by Scotia Leasing Costa Rica, Scotia Leasing Guatemala and Scotia Leasing Panamá. The funds were provided for loan by the Interamerican Investment Corporation (IIC).

$26.8 Million For Small and Medium Businesses in Nicaragua

July 2009

With the fund provided by the Inter-American Development Bank (BID, acronym in Spanish), 29 projects will be executed for small and medium businesses.

The Multilateral Investment Fund (FOMIN, acronym in Spanish) is the organization in charge of executing the business initiatives.

$20 million to stimulate foreign trade in Guatemala

December 2008

The IDB announced the granting of a million dollar loan to promote foreign trade in the country.

The use of the loan will be focused primarily on the search for new markets for small and medium companies.

The financing will be used to promote exports, trade missions, participation in specialized fairs, and the identification and development of new export opportunities for the companies.

Credit access project for Panamanian Micro, Small and Medium sized businesses

November 2008

The project seeks to establish mechanisms to collect credit information and evaluations in order to facilitate access to financing for small and medium businesses.

The project, which will be development over 40 months, includes an investment of $1.7 million dollars, of which 69% will be provided by the IDB's Multilateral Investment Fund; the remaining 31% will be provided by the Panama Credit Association (APC).

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