FEM: A program that supports the efforts of women who venture into new business initiatives
The CABEI contribution falls under the framework of the Regional Financing Program for Women Entrepreneurs (FEM); to date, 68 disbursements have been processed through 12 financial institutions in the region.
Tegucigalpa, March 8, 2020.- The Central American Bank for Economic Integration (CABEI) implements actions to support the financing, equality and entrepreneurship of Central American women and the strengthening of MSME growth and capitalization.
Since it began in the second half of 2016 to date, FEM has made 68 disbursements through 12 institutions, channeling an amount of US$22.4 million and benefiting a total of 7,500 low-income households, of which 83.0% are households with women heads of family.
The program facilitates financing for Women who wish to start a new business, Women Owners of Micro, Small or Medium-sized Enterprises (MSMEs), MSMEs with a majority women partners and MSMEs with more than 50% female employees that are legally constituted with a maximum number of up to 100 employees and a maximum financing amount of up to US$1,000,000.
Through this initiative, CABEI supports the female entrepreneurial spirit of the Central American region as an engine for change and transformation of society by promoting the growth and capitalization of MSMEs in compliance with the Sustainable Development Goals (SDGs).