Trade-Related Financial Services - Spain
The Spain–IIC Haiti SME Development Fund, established by the Spanish government and IIC in 2011 to carry out operations over a period of 12 years, is designed to increase the availability of loans for Haitian SMEs while reducing borrowing costs.
Micro, small and medium-sized enterprises (MSMEs) will benefit from a more affordable rate established by blending the market rate charged by the financial institution in question with the Fund’s lower rate. The Fund will partner with local financial institutions, sharing the risks and disseminating lessons learned on how to serve the needs of MSMEs better.
For more information: http://www.iic.org/en/key-initiative/spain-iic-haiti-sme-development-fund