A $93.8 million loan will contribute to the support of micro and small businesses and employment in the face of the COVID-19 crisis.

Ecuador will support the financial sustainability of micro and small companies (SMEs) and the maintenance of employment in the face of the COVID-19 crisis with a loan of $93.8 million approved by the Inter-American Development Bank (IDB).

The project will help SMEs affected by the health emergency overcome temporary liquidity problems and be able to continue their operations with credit products and/or guarantees to secure financing for working capital. In addition, it is expected to increase the number of short-term loans to SMEs led by women in the portfolio of the National Corporation for Popular and Solidarity Finance (CONAFIPS).islamiislamic developemn

Funding agencies: Inter-American Development Bank (IDB)

Countries: Ecuador

Published: 2020-05-18

Sectors: Services