The IIC has been expanding its programs in support of the region’s private sector and encouraging financial institutions to expand their activities to include financial products suitable for SMEs. It also seeks to support companies that form part of supply chains.
The credit line to ABN AMRO Real meets these objectives and is in line with the IIC’s efforts to provide suitable financial instruments to SMEs and meet the Declaration of Nuevo León goal of tripling the amount of financing provided to micro, small, and medium-size enterprises.
ABN AMRO Real will channel the funding from the IIC directly to SMEs in Brazil in need of financing, or indirectly for purchasing goods and services from larger companies on better terms. This flexibility will promote supply chain financing. More than 1,000 SMEs have received financing through the IIC’s prior two operations with ABN AMRO Real. The new credit line will enable the IIC to provide medium-term loans to an additional thirty to sixty SMEs and help approximately 1,400 SMEs obtain short-term financing to purchase from large companies the goods and services they require to maintain or increase their operations.
Banco ABN-AMRO Real S.A.