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Loans Available for Businesses Interested in Exporting Print E-mail
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Friday, 07 March 2014 00:00

Hundreds of thousands of dollars are available for Belizean business owners interested in hitting the export market. The Inter-American Investment Corporation (IIC) launched an export program in Belize on Wednesday, March 5.

IIC is collaborating with the Belize Trade and Investment Development Service (BELTRAIDE) to introduce FINPYME Export Plus to Belizean entrepreneurs. The IIC is the investment arm of the Inter-American Development Bank, which deals with private sector lending. The launch on Wednesday is the start of a series of workshops aimed at assisting local business owners to access international markets by addressing certification requirements, improving operations and management processes.

Bernard Geenen is an Economic and Trade Councelor from the Wallonia Foreign Trade and Investment Agency of Belgium. He gave examples of how FINPYME Export Plus turned a rural coffee processing group in Guatemala into an internationally recognized brand and how it dramatically expanded the operations of a mango processing company in Haiti into a viable exporting company. FINPYME also provided the opportunity for Marie Sharps fine Foods to access the South Korean Market.

The Inter-American Investment Corporation is prepared to provide low interest investment loans to business owners with potential to export. Since the inception of FINPYME Export Plus in 2009, it has reached 16 countries. Individuals interested in taking advantage of the opportunities available with FINPYME Export Plus and the funds available through the IIC can contact BELTRAIDE at telephone number 822-3737, 822-0175 or visit its website at www.belizeinvest.org.bz.