• Costa Rica Real Estate

Central American Bank grants Costa Rica $2 million to finance environmental projects

October 1, 2015

The Association for the Development of Small Businesses (ACORDE) on Wednesday announced they have $2 million available for loans to small and medium-sized businesses for projects that benefit the environment. The funds originated from a nonrefundable loan by the Central American Bank for Economic Integration (CABEI) to ACORDE.

Local businesses can apply for environmental loans ranging from $1,500 to $150,000, which must be invested in environmentally friendly technologies to improve efficiency. That technology includes solar panels, electronic ballasts, high efficiency diffusers and reflectors, air compressors, fluorescent lamps, LED lights, electric engines, cooling systems, boilers, low-energy vehicles and others.

CABEI’s manager in Costa Rica Alexander Garita said the environmental loans aim to solve the specific needs of small and medium-sized businesses. The credit program is called “ACORDE Verde” and includes training and counseling for business owners to help them identify the best options for green processes.

ACORDE President Danilo Montero said credit consultants received special training to identify and select the best projects and proposals that would be granted an environmental loan.

Credit information and success cases from previous loan programs are available at ACORDE’s website (in Spanish only). Interested entrepreneurs also can request information via email at: servicioalcliente@acorde.or.cr or by phone at: 2256-4901.

You may be interested

USA picks new faces to take on Costa Rica after training camp shift from Doha
La Sele
13 views
La Sele
13 views

USA picks new faces to take on Costa Rica after training camp shift from Doha

AFP and The Tico Times - January 26, 2020

US national team coach Gregg Berhalter announced a 22-man squad Saturday for next weekend's friendly against Costa Rica that features…

U.S. donates $16,000 to help Costa Rica improve environmental reporting
Costa Rica
72 views
Costa Rica
72 views

U.S. donates $16,000 to help Costa Rica improve environmental reporting

The Tico Times - January 25, 2020

A donation from the U.S. Department of the Interior will help Costa Rica's Environment Ministry (MINAE) receive and track environmental…

In Davos, tourism industry promises less plastic and more sustainability
News
54 views
News
54 views

In Davos, tourism industry promises less plastic and more sustainability

Pol Costa / AFP and The Tico Times - January 24, 2020

Faced with the tons of disposable plastic used by hotels every year, the CO2 emitted by airplanes or the overcrowding…

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