IIC Approves Loan Of Up To US$1.2 Million To Ampo Limitada In Costa Rica
04/28/2008The IIC loan will contribute to the development of the private sector and benefit Costa Rica’s economy and, indirectly, Nicaragua’s and Panama’s
San José, Costa Rica – On April 29, 2008, the Inter-American Investment Corporation (IIC) approved a loan of up to US$1.2 million to AMPO Limitada, a Costa Rican-owned company that produces cardboard hanging file folders, binders, folders, and a wide variety of other office supplies for export to Latin America and the Caribbean. AMPO has production plants in Costa Rica and Nicaragua and has recently opened a small plant in Panama.
This operation supports the IDB’s strategy focus on deepening the growth model and achieving international integration by supporting the private sector in Costa Rica and, indirectly, in Nicaragua and Panama.
This is also the first operation originating from the FINPYME program implemented by the IIC and Universidad Latinoamericana de Ciencia y Tecnología (ULACIT) to identify and evaluate Costa Rican SMEs and ultimately improve their competitive profile and make it easier for them to access financing. The FINPYME program in Costa Rica (www.finpyme.org) is funded by the Korea-IIC SME Development Trust Fund. AMPO registered for the IIC’s FINPYME program in 2007.
The Inter-American Investment Corporation is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. It provides financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. The IIC’s mission is to promote the economic development of its regional member countries by stimulating the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. For more information on the IIC’s activities, please visit www.iic.int.
Contact: Juan Fonseca (in Costa Rica)
Telephone: + (506) 2523-3348