IDB Invest backs small business loans in Guatemala

IDB Invest backs small business loans in Guatemala

Loans Debt Coronavirus Guatemala Central America US

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial