CAF resources for Paraguay’s financial system

(Asunción, June 7, 2012).- CAF –development bank of Latin America– announced the approval of a US$2 million credit line for Grupo Internacional de Finanzas (INTERFISA Financiera), a Paraguayan financial institution. The resources will support INTERFISA’s efforts to finance its customers’ needs, with special emphasis on micro and small-sized enterprises.

“Strengthening Latin American financial systems and promoting the development of micro, small and medium-sized enterprises has vital importance for CAF, given their relevance to contribute to an equitable and sustainable development in the region,” said CAF President Enrique García.

CAF promotes the strength of financial systems at institutions in its shareholder nations, so that besides having the necessary resources to cover working capital operations for its customers, they also foster competitive financing and sustainable business development by encouraging an entrepreneurial culture and innovation.

INTERFISA’s risk rating is among the best in the Paraguay market, where it is one of the main microfinance institutions.