GREENPYME offers technical assistance and works with local banks to design and offer “green” financial products to SMEs in need of financing for investment in energy efficiency. Financing is one of the main barriers faced by SMEs to carry out energy efficiency projects and through these financial products, GREENPYME aims to help such companies overcome these difficulties.
With a wide range of products and services, GREENPYME’s strategic partners in Latin America and the Caribbean can meet the energy efficiency needs of their projects.
If your company is in Colombia, look into the “green loans” offered by BBVA Colombia for studies, consulting services, and energy efficiency projects.
If your company has operations in Central America, BAC Credomatic is firmly committed to promoting the energy efficiency of SMEs in Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.
Other financial institutions in the region financing green projects or offering green credit lines, include:
- Costa Rica:
- El Salvador: Davivienda
- Honduras: Banco del País, Banco del Atlántida
- Nicaragua: BANPRO/Grupo Promerica
If your company is in Bolivia, look into the “green credits” offered by Banco Los Andes ProCredit S.A. to finance “green” activities and investments that contribute to Bolivia’s sustainable development.
If your company is located in Ecuador and is interested in carrying out energy efficiency projects, the products of Banco International de Ecuador can meet your needs.
If your company is in Panama and is interested in carrying out energy efficiency projects, the products of Banistmo can meet your needs.
If your company is in the Caribbean and is interested in carrying out energy efficiency projects, the products of Scotiabank can meet your needs.
Relationship with the IIC
The Inter-American Investment Corporation has committed to mitigating the effects of climate change and to promoting the use of sustainable, efficient technologies throughout Central America and the Caribbean above and beyond the scope of the GREENPYME program.
The IIC’s FINPYME Credit is a competitive product and a reliable source of financing, especially for SMEs. This type of financing is provided in the form of small, uniform loans for between US$100,000 and US$600,000 through an accelerated internal approval process. The FINPYME Credit loans can be used for a variety of business purposes, including investment in working capital and fixed assets. For more information, click here.
The IIC also offers various financial products and services to promote the development of the private sector in Latin America and the Caribbean. It provides SMEs with support by helping them finance their growth, reshape their business strategies, and adopt new technologies. This, in turn, enables SMEs to continue to drive development in the region, contribute to job creation, generate foreign currency, create new business opportunities, and improve the quality of life of local communities. For more information on the IIC’s financial products, click here.