Skip to content
Menu
Konrad News
  • Home
  • About
  • Contact
  • Privacy Policy
  • Affiliate Disclosure
Konrad News

Signing of a loan agreement (overseas investment and financing) for Costa Rica’s “Project for Strengthening Financial Inclusion of Small and Micro Businesses”: Contributing to improving access to finance for small and micro businesses

Posted on 2023-04-02 by Editor in Chief

On March 22, the Japan International Cooperation Agency (JICA) signed a loan agreement with Banco Improsa of the Republic of Costa Rica for up to US$15 million to improve access to finance and promote the economic empowerment of women in Costa Rica’s micro, small, and medium enterprises (MSME).

Costa Rica’s micro, small, and medium enterprises (MSMEs) represent 97.5% of the country’s private enterprises and 34% of total employment, making them an important social and economic infrastructure. The country has a high unemployment rate of 12%, making the promotion of MSMEs, which contribute to people’s employment, an important issue. On the other hand, it is estimated that more than 40% of MSMEs in the country do not have sufficient access to formal finance and rely on consumer credit with high interest rates that threaten their business sustainability.

Banco Improsa positions lending to MSMEs as its core business, providing financial products such as short- and long-term loans that meet the needs of borrowers. Banco Improsa also supports the growth of MSMEs as a strategic partner by providing management support. 30% of the loans provided by JICA under this project will be used to finance women-owned enterprises.

This project will contribute to sustainable industrial development through improved access to finance for MSMEs in Costa Rica, and will contribute to SDG Goal 5 (Achieve gender equality), Goal 8 (Improve access to financial services), Goal 9 (Promote industrialization through increased access to finance for small businesses), and Goal 17 (Promote Partnership).

read more

© Source JICA

Auto Amazon Links: No products found.

Auto Amazon Links: No products found.

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Pocket (Opens in new window) Pocket
  • Click to share on Telegram (Opens in new window) Telegram
  • Uzbekistan Signs Loan Agreement for “Support Project for Small and Medium-Sized Micro Businesses” (Overseas Investment and Loan): Contributing to Improving Access to Finance for Small and Medium-Sized Micro Businesses | News & Media
    Date
    2023-10-24
    In relation to
    JICA contributions
  • Signing of the Loan Agreement for “Support Project for Agricultural Sector and Micro, Small and Medium Enterprises” in the Republic of Armenia (Overseas Investment and Loan): Contributing to Financial Inclusion of Micro, Small and Medium Enterprises, Mainly in the Agricultural Sector | News & Press Releases
    Date
    2025-02-03
    In relation to
    JICA contributions
  • Signing of Loan Agreement for “Support Project for Small, Medium and Micro Enterprises in Rural Areas” in the Republic of Turkey (Overseas Investment and Loan): 100th Anniversary of Establishment of Diplomatic Relations between Japan and Turkey: Contributing to Improvement of Economic Disparities in Rural Areas of Turkey | News & Press Releases
    Date
    2024-11-05
    In relation to
    JICA contributions
JICA
JICA contributions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Auto Amazon Links: No products found.

Recent Posts

  • Save up to approx. 25% “Jalan Special Week” from 10:00 a.m. after this. Half-price plans/maximum 10,000 yen coupons!
  • JAL Hometown Ambassadors and Supporters] JTB x JR Kyushu x JAL Collaboration! Spring Train Trip in Kyushu by cabin attendant with 36 Plus 3 (Part 2)
  • UNIQLO releases “Toy Story” T-shirts today, 8 types in all, arranged with 90’s graphics
  • Logos launches new colors and sizes of its “Subzero Recovery Cool Towel,” which is used by freezing it. Now available in a long, thin type that is easy to wrap around the body.
  • Nishitetsu’s sightseeing train “THE RAIL KITCHEN CHIKUGO” runs a special course for the Chikugo River Fireworks Festival. Stops for about 7 minutes on the bridge.

Recent Comments

No comments to show.

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022

Categories

  • business
  • investment
  • Japan
  • JICA contributions
  • Kyoto Prefecture
  • market
  • technology
  • travelling
  • Uncategorized
©2025 Konrad News | Powered by WordPress & Superb Themes