CABEI Approves US$1.5 Million Credit Line to Banco INV, S.A. to Finance the Business and Housing Sector in Guatemala
With this operation CABEI will channel resources for credit in support of MIPYMEs, the productive sectors and the acquisition of decent housing.
Guatemala, October 29, 2020.- The Central American Bank for Economic Integration (CABEI) approved a Global Credit Line to Banco INV, S.A. (INV) of the Republic of Guatemala for an amount of up to US$1.5 million.
The availability of these resources will allow financing operations that are framed in the different financial intermediation programs of CABEI with emphasis in the programs of support to MSMEs, productive sectors and housing.
CABEI's Executive President, Dr. Dante Mossi said "It is very gratifying to have new strategic allies in Guatemala, this will allow us to channel timely financial products and services to meet the needs of MIPYMEs and the business sector, relevant actors in the country's economic recovery. Enabling this type of credit line also allows us to promote the improvement and acquisition of housing for part of the population in Guatemala.”.
The operation is framed in the 2020-2024 CABEI Institutional Strategy, within the Sustainable Competitiveness Axis, contributing to the strategic objective of contributing to the inclusive economic growth.