Ecuador: more funds for microenterprises

CAF provides more funds for microenterprises in Ecuador

The Andean Development Corporation , CAF, made a new disbursement for $250,000 to Sociedad Financiera Ecuatorial S.A., SFE, as part of a line of credit destined for micro and small enterprises.

In June 2003, the CAF granted a $500,000 line of credit with an 18-month term to support the Ecuadorian productive sector, especially microenterprises. With the success of the placement and administration of these loans, the CAF was able to expand its line of credit to $1,500,000 with a term of 36 months.