More than 900 Guatemalan microenterprise jobs protected through CABEI Credit Facility


A CABEI disbursement to BANRURAL has channeled loans to 373 micro and small enterprises operating in the country's 22 departments.

Guatemala City, Guatemala, April 09, 2021.-  Nearly 900 jobs in Guatemalan micro and small enterprises have been preserved through a disbursement granted by the Central American Bank for Economic Integration (CABEI) to BANRURAL for US$4.0 million under the MIPYME Financial Sector Support Facility Program.

These resources granted in 2020 have had a positive impact on 373 companies located nationwide, which are engaged in activities related to trade, agrifood chain production and supply, service provision, construction and tourism, among other sectors affected by the pandemic.

CABEI's Executive President, Dr. Dante Mossi, commented that microenterprises are the basis of most of the world's economies and play a fundamental role, especially in our region's countries.

He added that "The funding has allowed these small businesses to meet their working capital needs, pay obligations and make modifications to their business models to operate with the biosecurity measures required in the face of the COVID-19 pandemic. These resources have also financed operational activities of start-ups and new enterprises in Guatemala."

Under this facility, CABEI has transferred US$17.0 million to continue supporting MIPYMEs in Guatemala, which are available at financial institutions such as BANRURAL, Banco Industrial, and Banco INV S.A.

This Credit Facility and the Guarantee Fund are part of the Emergency COVID-19 Support and Preparedness Program and its economic reactivation approved by CABEI in response to the pandemic´s impacts and to support Central American economies in this key sector.