NEWS


IFC loans U$92.5mn to finance Grupo Promerica subsidiaries

IFC loans U$92.5mn to finance Grupo Promerica subsidiaries

Washington DC, January 23, 2017 – IFC, a member of the World Bank Group, has provided $92.5 million in long term financing to four subsidiaries of Grupo Promerica to boost access to finance for small and medium enterprises. Though small and medium enterprises...
Alternative finance a developing market

Alternative finance a developing market

Alternative finance (AF), or crowdfunding, is a blanket term denoting a subsector of the fintech industry. It consists of enterprises, namely platforms or originators, using electronic means to match supply from investors or donors with the demand for funds,...