Nicaragua: New line of credit for rural micro businesses

The Central American Bank for Economic Integration (BCIE) granted a $2 million credit to Fundeser to finance small farmers and micro businessmen from both rural and urban areas.

Friday, August 22, 2008

This loan was granted to the Foundation for Socio-Economic and Rural Development and is a part of the expansion of a previous contract. Fundeser has a network of agencies in 22 municipalities.

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CABEI Loans for Cacao and Coffee

March 2010

The Central American Bank for Economic Integration (CABEI) has developed a program to assist small coffee and cacao growers.

Called CAMBio (Central American Markets for Biodiversity), the project is expected to assist over 2.000 growers of the region.

“So far, CAMBio has lent $1.9 million to 2.310 small coffee and organic cacao growers in El Salvador, Nicaragua, Costa Rica and Honduras, benefiting some 11.550 people”, reported newspaper La Tribuna.

IDB backs $150 million Regional Financing Facility for Sugar and Bioenergy

February 2009

Program will focus on northeastern Brazil, Mexico and Central America.

The Inter-American Development Bank will support the establishment of a $150 million facility to provide short-term trade financing and medium-term investment loans to sugar and bioenergy companies and exporters in Brazil, Mexico and Central America.

Small firms offered US$1 million in loans for supplies to Café Britt

June 2008

Small-business suppliers of Costa Rica's Café Britt travel, souvenir and coffee retailer are to be offered US$1 million in loans from the Central American Bank for Economic Integration (BCIE).

The loans are to be offered under an agreement between Café Britt and the BCIE. Café Britt will back the loans.

We will back efforts by Honduras to avoid economic chaos, says IDB representative

May 2008

Steven Stone, the Inter-American Development Bank (IDB) representative in Honduras said the bank will do all it can to support measures that avoid economic turmoil.

The IDB is the principal institution in providing economic aid to Honduras. Stone said that economic chaos would mean more unemployment, greater poverty and the collapse of production.

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