Banco Promerica de Guatemala has secured a new financing agreement of Q104.7 million quetzales with Micro, Small & Medium Enterprises Bonds, S.A., a financial institution founded in Luxembourg in 2010 and managed by Symbiotics. The goal of this funding is to expand credit opportunities for micro, small, and medium-sized enterprises (MIPYMES) in Guatemala.
According to Banco Promerica, the financing will support the development of MIPYMES and aligns with the bank's sustainability strategy. The initiative aims to increase access to credit for more businesses across the country and encourage job creation. Through this agreement, Banco Promerica intends to help these companies improve productivity, strengthen their operations, and contribute sustainably to economic and social growth in Guatemala.
The contract marks the start of what both parties describe as a long-term relationship expected to benefit not only Banco Promerica but also the business community and the broader national economy.
“In Grupo Promerica we believe that all people and companies in our communities should overcome their limits to achieve the success they deserve; that is why for more than 30 years we have promoted banking that develops relationships and offers products and services in nine countries: Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Dominican Republic, Ecuador and Grand Cayman. We focus on maintaining permanent empathy in the communities we serve thus developing lasting relationships based on mutual trust. Our entrepreneurial spirit leads us to understand and identify ourselves in each country where we are present, thus developing a common culture,” said Grupo Promerica.
Symbiotics Group describes itself as a leading market access platform for impact investments focused on private markets in emerging economies. Since 2005, it has arranged over 8,200 investments totaling more than USD10.5 billion for 608 companies across 99 countries. Its portfolio is valued at USD2.8 billion distributed among over 20 investment funds and mandates. Portfolio companies have received technical assistance through more than 170 projects worth over USD19 million.
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