July 3, 2020
IDB Invest, part of the Inter-American Development Bank (IDB), has provided a $20 million loan in quetzales for Fundación Génesis Empresarial (FGE) to offer financing to micro, small and medium-sized enterprises (MSME) in Guatemala.
The five-year loan comes with a one-year grace period and includes a committed tranche for $12 million and an uncommitted tranche for $8 million, IDB Invest said in a press release on Wednesday.
FGE requested the loan to expand its microfinance portfolio in August la
Fundación Génesis Empresarial receives $20 mln in local currency to lend to MSMEs