Banco Industrial de Guatemala Raises Funds To finance ‘SMEs'

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.