EMGA Secures US$ 20M Debt Finance for Costa Rica’s Banco Improsa
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Monday, October 31, 2022
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Commenting on the transaction, Felix Alpizar, General Manager of BANCO IMPROSA, said: "Banco Improsa is very honored to be recognized by AECID and COFIDES for both its track record and programs to finance and support Costa Rican micro, small and medium-sized enterprises (MSMEs).
Key Points:
- Commenting on the transaction, Felix Alpizar, General Manager of BANCO IMPROSA, said: "Banco Improsa is very honored to be recognized by AECID and COFIDES for both its track record and programs to finance and support Costa Rican micro, small and medium-sized enterprises (MSMEs).
- Jos Luis Curbelo, chairman and CEO of COFIDES, stated that we are pleased to support AECID in its first impact project with EMGA and IMPROSA in the Central American region.
- The transaction will be used to finance small and medium enterprises in Costa Rica, which will contribute to the creation and maintenance of quality jobs and reducing inequalities.
- In addition to the Spanish State, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and Development Bank of Latin America (CAF).