Banks disbursed more than $1.76 bn in loans to SMEs

Banks have already disbursed 147.864 million pesos ($1.76 bn) in subsidized-rate loans launched in October through the new Financing for Productive Investment in Micro and Small Enterprises (MiPymes) scheme, designed for companies that are recovering working capital and expanding their production processes after months of the crisis caused by the Covid-19 pandemic. Forty-nine thousand six hundred nineteen companies have already benefited from these lines, which have maximum interest rates that depend on the funds’ destination.

Source: Ámbito