The Tala loan app provides an alternative way to get short-term loans, that doesn’t involve complex procedures that are in use by banks and other lending institutions.
In these tough economic times where banks have increased interest rates that make it harder to get unsecured loans, a simpler way to get a loan is heaven-sent. The Tala loan app provides an alternative way to get short-term loans, that doesn’t involve complex procedures that are in use by banks and other lending institutions. Here, you don’t need a guarantor, security, or a good credit rating. Besides, the loan is instant, unlike other institutions where you would have to wait a minimum of 30 days. If you need a loan from Tala, you have to download the app first. This Tala loan app download guide will help you to install the app on your device.
In Costa Rica a law has been proposed that would benefit tourism businesses suffering from financial problems - caused by the 2008 crisis!! -, readjusting their debts and repurchasing and returning their lost assets.
EDITORIAL
Beyond the dark aspects of the bill - among them that it is not known who the beneficiaries are - its purpose seems rude and unfair to entrepreneurs who managed to overcome the crisis of the last decade through proper management and undoubtedly a lot of sacrifice, and who today have healthy companies.
An adequate legal framework is needed for the healthy and steady development of institutions engaged in microfinance.
The Association for Research and Social Studies (ASIES) has published a study on the essential institutional strengthening of microfinance in Guatemala, with its own data and references it reports from the Secretariat for Economic Integration (SIECA) on "The Importance of the Micro Financial Sector in Central America ".
Through a mutual fund, the World Bank and other multilateral institutions, will be awarding $50 million to finance small and medium enterprises in the region.
With a mix of capital and a long-term soft loan the III Caseif fund, managed by Lafise Panama, will have $50 million for small and medium businesses who require funds to finance their operations.
CoreCo Central America Fund is a $54 million private investment fund, which aims to invest in SMEs in Central America that have potential for growth, stimulating the expansion of industry.
Although not limited by sector, investments are primarily aimed at companies in the following sectors: healthcare, financial services, computer / software, consumer goods, retail, logistics business and telecommunications.
For micro-enterprises, who usually do not have assets to offer as collateral, good payment history is the best asset in order to access credit.
In an article in Siglo21.com Francisco Madrid, general manager of Finsol, says "’If we are talking about small businesses and their difficulties in getting loans, from the standpoint of traditional banks we will find that their main difficulties are that they lack financial reports and do not having formal guarantees to support any loans. "
Another initiative by the corporation of state officials to justify their salaries, at the expense of the over-used “support the SMEs” motto.
"The Costa Rican Ministry of Economy, Industry and Trade (MEIC) together with the President's Competitiveness Council, the Economic Commission for Latin America (ECLAC) and the Banking System for Development are driving the creation of a “seed money” funding system in order to support Small and Medium Enterprises (SMEs)."
The Overseas Private Investment Corporation (OPIC) approved funding to Lafise Bank in order to support small and medium enterprises (SMEs) in the region.
With better access to long-term credit, small-scale farmers, manufacturers and owners of retail businesses will be able to grow faster and in turn support their local economies.
OPIC resources will strengthen the capital base of Lafise Panama Group, Inc.
They will be given in ‘environmental’ loans to Central American small and medium enterprises.
These resources, loaned by the German Development Bank (KFW), will be administered by the Central American Bank for Economic Integration (CABEI).
In a press release, the bank stated that this program, called ‘Environmental Credit Program for Small and Medium Enteprises’, will foster investments in energy efficiency, renewable energy generation and environmentally friendly technologies.
The main productivity issue in Latin America is that countries spend too many resources in small, underproductive companies.
In the 1960s, Latin America had a per capita income of 25% of that of the United States, but it has dropped to 16%. On the contrary, several Asian nations that had in 1960 much lower incomes than the region are now joining the ranks of high income countries.
Seminar covering best practices in agricultural value chains and financing its components.
The seminar is being organized to take place in Costa Rica in the second half of November, 2009.
The target audience will be representatives of financial entities active in the agricultural sector, non-financial companies with a stake in the sector (producers, cooperatives, processors, exporters, marketers, input suppliers), Government authorities, business chambers, non-governmental organizations, international organizations and academic the use of agricultural value chains as a mechanism for offering financial services to all the stakeholders involved.
Xpand Group offers to its clients global support in exports. With its network, the company gives access to small and medium enterprises to new markets such as: North America, Central America & Europe
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2225-0435 - (506) 2524 2800
The Bank said that it will not stop injecting capital, especially capital that is used for micro, small and medium companies.
Roberto Serrano, vice president of the Central American Bank for Economic Integration (BCIE), said in an article published on LA PRENSA GRAFICA.com: “Although the international economic environment is tough and funds are not flow as much as before, we have the ability to continue capturing money as well as to continue injecting resources toward the micro, small and medium companies sector."
The Inter-American Investment Corporation (IIC), an IDB affiliate, hopes to become a financial alternative for small and medium sized businesses.
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.
The Dutch Development Bank approved the loan to the Lafise Financial Group and is to be used to support small and medium industry in Central America.
A first figure of 23 million dollars will be used to continue providing financing to small and medium companies in Central America in the manufacturing, agriculture, transport, commercial and service sectors and also to encourage companies to be more socially responsible.