Costa Rican microentrepreneurs in commerce and tourism to receive CABEI resources for economic recovery
Close to 150 microenterprises will benefit from a new disbursement of US$3 million to Co-servers.
San José, October 21, 2021.- Microentrepreneurs in rural areas of Costa Rica will have resources for working capital and investment, as well as for loan restructurings to improve their liquidity thanks to a new disbursement of US$3 million made by the Central American Bank for Economic Integration (CABEI) to its financial ally Co-servers.
These new funds, in addition to the US$4 million disbursed earlier this year to the financial institution, will focus on the economic recovery of the trade and tourism sectors, and on micro and small enterprises led by women.
"We are excited about the impact and support that this new disbursement will have on the productive sector in the rural areas of San Carlos and Guanacaste, where the majority of MSMEs are dedicated to important sectors for economic dynamization," said CABEI Executive President, Dr. Dante Mossi.
The Financial Sector Support Facility for MSME Financing is part of the COVID-19 Emergency Support and Preparedness Program and the Economic Reactivation for the benefit of the region, which was approved by the Bank in March 2020 to support the private sector.