IDB Invest funds microfinance loans in Guatemala

IDB Invest funds microfinance loans in Guatemala

Loans Debt Guatemala Central America US

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

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