IDB Invest supports Progreso to boost MSMEs financing in Chile Editorma
WASHINGTON / CHILE – Inter-American Development Bank (IDB) Invest is providing a loan of up to $10 million to Servicios Financieros Progreso S.A., to support the financing of micro, small, and medium-sized enterprises (MSMEs) in Chile through factoring operations. Factoring is a financial instrument that provides liquidity with a lower risk and borrowing costs. The loan, with an initial term of up to 12 months and renewable for up to three consecutive periods, will promote financing and financial inclusion of an […]