Panama: Loans Conference for SMEs

The show, organized by the Panamanian Micro, Small and Medium Sized Enterprise Authority (AMPyME in Spanish), will be held on 1 and 2 of September in the Atlapa Conference Center.

Monday, August 30, 2010

The idea of the show is to gather under one roof as many financial institutions as possible with products for the MSME sector with the aim of providing small companies with the support they need to develop their businesses.

Panama's AMPyME minister, Giselle Burillo, told Panamá América that, "the event is backed by the Guarantees Fund which may be able to cover a percentage of any loans taken out, depending on the economic activity being undertaken".

More on this topic

Microfinancers in Panama

May 2012

The demand for loans for micro and small enterprises was around $900 million over the past two years and went largely unfulfilled.

Data from the Panamanian Network of Microfinancers (Redpamif in Spanish) show that specialized microfinance institutions granted in that period about $150 million in loans to micro and small enterprises.

$32 million for Guatemalan MSMEs

June 2011

The World Bank has approved a loan to finance Micro, Small and Medium Enterprises (MSMEs).

The Economy Minister Luis Velasquez said it has already held meetings with various factions of the Legislature to promote the approval of the loan.

"We expect it to be dealt with next week in the Economic Cabinet and then to be sent to the Monetary Board to receive their ruling", said the representative to Sigloxxi.com.gt.

Panama: MSMEs receive credit of $1.7 million

May 2011

700 micro businesses completed procedures for obtaining credit from financial institutions.

As part of the conference organized by the National Authority for the micro, small and medium enterprises, more than 800 thousand employers made contact with financial institutions and banks, with whom they discussed the possibility of obtaining loans for their businesses.

$50 Million for Small and Medium Panamanian Companies

July 2009

The Panamanian government is allocating this amount to the development of micro and small businesses involving 546,412 establishments on the national level.

Giselle Calcagno, Minster of the Micro, Small, and Medium Business Authority (AMPYME, acronym in Spanish) commented that the fund is designated for seed capital, micro-credit, collateral funds, and for technical training and assistance.

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