October 3, 2018
US-backed Overseas Private Investment Corporation (OPIC), through Citi El Salvador, has closed a $154m loan to Central America firm CrediQ. Proceeds will aim to facilitate vehicle loans to small- and medium-sized enterprises in El Salvador and Costa Rica.
The OPIC executive board approved the nine-year financing package in June.
CrediQ said it expects to add up to 15,000 new clients through the obtained financing. The approved arrangement is the third and the largest obtained by CrediQ from OPIC
Development financier outlines proceeds for Central American-based SMEs