Banco Industrial de Guatemala Raises Funds To finance ‘SMEs’
The approved global investments will strengthen health systems, bolster food security, and support other highly impactful development outcomes.
The U.S. International Development Finance Corporation (DFC) Board of Directors has approved a loan of up to $200 million in Guatemala as part of $1 billion of global investments that will advance development in Africa, Latin America, the Indo-Pacific, and emerging markets across the globe.
The approved global investments will strengthen health systems, bolster food security, and support other highly impactful development outcomes. As part of this $1 billion in global financing, the DFC Board of Directors approved the following investment in Guatemala: A loan of up to $200 million that will enable Banco Industrial to expand lending to Guatemala’s small and medium enterprises (SMEs), which face a roughly $14 billion credit gap that limits their ability to expand, increase revenues, and create jobs. The project will dedicate at least 30 per cent of loan proceeds to women and place a special focus on reaching rural borrowers in Huehuetenango, Quetzaltenango, Quiche, San Marcos, Totonicapán, and Alta Verapaz.
