CABEI promotes financial inclusion of MSMEs in the region

08/11/2018
CABEI programs are a powerful tool for generating decent employment in economic and social segments where access to financing is usually limited.
CABEI programs are a powerful tool for generating decent employment in economic and social segments where access to financing is usually limited.

To date, CABEI has channeled more than US$2.99 billion, becoming the main source of resources for the Micro, Small and Medium Enterprise sector.

Tegucigalpa, November 8, 2018.- With a focus on the integration and economic and social development of the region, the Central American Bank for Economic Integration (CABEI) has become the main source of resources for the Micro, Small and Medium Enterprise (MSME) sector.

CABEI has an important intermediated credit program that offers technical and financial assistance to microenterprises and entrepreneurs from all sectors of the economy. To date, CABEI has the largest network of intermediary institutions; approximately 99 entities.

In addition, the business model that the Bank has developed has made it the main source of resources for the MSME sector, channeling more than US$2.99 billion to date.

During the seminar-workshop on Financial Inclusion of MSMEs in Latin America and the Caribbean, which was organized by the
Latin American and Caribbean Economic System (SELA), the CABEI Strategic Programs Division Head, Mr. Otto Gutiérrez, made a detailed presentation about the resource intermediation scheme currently being implemented through different programs.

The CABEI representative explained how through the use of these resources, a number of financial institutions in the region have been supporting the strengthening and development of technological tools, such as electronic banking, automated customer and product registers, credit risk rating systems, as well as internet tools for the registration of transactions and requests for electronic payments, all with the aim of expanding the range of services aimed at MSMEs.

He also shared information on how these elements have an impact on business development and the importance of multilateral banking,  specifically CABEI, for achieving greater levels of financial inclusion through the channeling of resources.

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