HIR PYME is a specialized financial institution that provides support for microenterprises and SMEs in the form of working capital lines of credit and term loans for purchasing fixed assets. The IIC loan under the IFEM program is the first ever received by HIR PYMEfrom a multilateral or international institution. The loan will improve HIR PYME’s liquidity gap and is expected to create a demonstration effect that will make it easier for the company to access other sources of funding that it will onlend to SMEs—a sector that is underserved by commercial banks.