New Bank to Provide Credit to Farmers

October 10, 2008

MANAGUA – The new Banco del Éxito (Banex) will open here Oct. 15 with 30 branches across the country, mostly in rural areas to help provide financing to small agricultural producers. The bank, which belongs to the Nicaraguan Financial Development institute (Findesa), will have $152.9 million in credit and hopes to have between 60,000 and 200,000 clients.

Banex, which will offer credit at a 21 percent annual interest rate, will become the eighth bank to operate in Nicaragua.

 

Facebook Comments

You may be interested

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)
Pic of the Day
32 views
Pic of the Day
32 views

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)

Alejandro Zúñiga - April 18, 2019

Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…

Costa Rica holds Maduro regime responsible for diplomat’s safety
Costa Rica
5 views
Costa Rica
5 views

Costa Rica holds Maduro regime responsible for diplomat’s safety

AFP and The Tico Times - April 18, 2019

The Costa Rican Foreign Ministry said on Wednesday that it places responsibility with the Venezuelan government of Nicolás Maduro for…

Venezuela withdraws diplomatic credential from Costa Rican diplomat
Latin America
22 views
Latin America
22 views

Venezuela withdraws diplomatic credential from Costa Rican diplomat

AFP and The Tico Times - April 17, 2019

Venezuela withdrew the diplomatic credential from the Costa Rican chargé d'affaires on Tuesday in retaliation for the country’s acceptance of…

Do NOT follow this link or you will be banned from the site!