“Tailor-Made Credit”
This program was established by Fundecooperación para el Desarrollo Sostenible and it has special characteristics to facilitate the access to credit for those people who, due to any reason, have few possibilities of financial support within the traditional financing systems.
This program targets small and medium-size enterprises, individuals or associates, who plan to conduct innovative activities within the framework of sustainable development. The activities must contribute to the improvement of life quality, environmental protection and gender equity.
The credits must fit into one of the following thematic areas: Sustainable Agriculture, Sustainable Tourism, Clean Technologies, and Gender Equity.
This credit program offers the following products:
1. Credit for investment
Credits for investment include land purchase, construction of commercial, agricultural, industrial, tourist, or service facilities. They also include the purchase or construction of commercial, industrial, agricultural, tourist, or service infrastructure; remodelling, expansion, or repair of commercial, industrial, agricultural, tourist, or service buildings. Besides, they include the purchase of new or used equipment or machinery, the purchase of vehicles or any type of assets.
Characteristics:
- Maximum amount of ¢65,000,000.00.
- Convenient interest rates
- Maximum term: up to 10 years, depending on the activity being financed.
- Grace period: up to 1 year, depending on the activity being financed.
- The mortgage warranties shall be pledged up to 100%, according to the appraisal or purchase invoice. The warranties should cover at least 35% of the credit amount.
- 2% of Disbursement Commission.
2. Credit line
It includes working capital that includes wages, purchase of raw material, assets, year-end bonuses, or short-term investments.
Characteristics:
- Maximum amount: ¢40,000,000.00
- Convenient interest rates.
- A grace period may exceptionally be granted depending on the activity being financed.
- Availability term of the credit line: up to 5 years.
- The mortgage warranties shall be pledged up to 100%, according to the appraisal or purchase invoice. The warranties should cover at least 35% of the credit amount.
- 2% of Disbursement Commission.
Credit Analysis Requirements for individual
Credit Analysis Requirements for corporation
Application Form
Project presentation guide |
