September 3, 2020
IDB Invest, part of the Inter-American Development Bank (IDB), said Wednesday that it granted a five-year, $100 million loan to the Central American financial group BAC Credomatic to fund loans to small businesses in Guatemala.
IDB Invest will also advise BAC Credomatic on getting more small and medium-sized enterprises (SMEs), including women-owned businesses, to use digital channels for loans and other financial services in the country, it said in a press release.
Since the COVID-19 outbreak s
Multilateral lender provides $100 mln for BAC Credomatic to finance SMEs during the COVID-19 pandemic