June 25, 2021
The Inter-American Development Bank (IDB) has approved a $300 million credit line for micro-, small and medium-sized enterprises (MSMEs) in Peru to make investments in technology, it said in a press release on Thursday.
The financing covers a $100 million project to offer financial guarantees for an innovation program for MSMEs that includes incubation and acceleration services for start-up companies in Peru, the IDB said.
The 14.5-year loan comes with a 6.5-year grace period and an interest ra
US-based development bank supplies $300 mln to fund innovation projects and provide guarantees for start-ups