CABEI initiative benefits more than 10,000 Nicaraguans

Managua, Jun 13 (Prensa Latina) More than 10,000 Nicaraguans have benefited from an initiative of the Central American Bank for Economic Integration (CABEI), which seeks to increase the business capabilities of MSMEs in the country.

June 13, 2022
10:08

Under the name of “Development of Business Ideas and Acceleration of Central American MSMEs (Dinamica)”, the project also has the support of the German government and the European Union.

According to the executive president of CABEI, Dante Mossi, a total of 10,328 business owners in Nicaragua benefit from it and around 6,107 sub-loans are channeled, which translates into greater economic dynamics and the generation of more jobs.

“It is very pleasing to know that we are fulfilling the objective of the program, which is to strengthen the business ecosystem of Central American MSMEs,” Mossi said recently.

Data published by CABEI indicate that resources from Dinamica allowed the granting of some 10,062 loans since 2016, for a total accumulated amount of 16.8 million dollars.

CABEI invests millions of dollars in Nicaragua in projects related to MSMEs, housing construction and home electrification, and others.

The Dinamica initiative is not only executed in Nicaragua, it has also been implemented in Guatemala, El Salvador, Honduras, Costa Rica, and Panama, 11,123 loans for an amount of 62.4 million dollars placed at the end of 2021.

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