Thursday 29 July 2021

Costa Rica Announces US$93 Million in Soft Loans

Paying the bills


The Many Ways in Which Bitcoin Affects the Global Economy of Canada

Bitcoin is the world’s largest cryptocurrency, and since its...

A History Guide On The Best Online Casino Bonus in Poland

There are few things in life better than getting...

Aeris and Immigration rule out that long lines at the airport are related to the pandemic

QCOSTARICA - Attention to the flow of passengers at...

Another blow to the consumer: fuels more expensive this Thursday, July 29

QCOSTARICA - From the early hours of this Thursday,...

Today’s Vehicle Restriction July 29: 7 & 8 CANNOT circulate

QCOSTARICA - Today, Thursday, July 29, vehicles with license...
Paying the bills


Four thousand U.S. dollars are counted out by a banker counting(QCOSTARICA) – Six financial institutions have been authorized to provide loans under the conditions imposed by the Development Bank, with interest rates of 3% in dollars and in line with the passive base rate in colones.

Welmer Ramos, chairman of the Governing Board of the Development Banking System commented that “… ‘These programs involve interest rates that are half the rates that currently exist for the same activities.'”

The accredited financial operators are: The state banks, Banco Nacional de Costa Rica (BNCR) and the Banco de Costa Rica (BCR);the private banks,  BAC San José and Banco Improsa; and cooperatives (credit unions), the Coopenae R.L. and Coopeservidores R.L.

- Advertisement -

“… The 38 programs authorized which correspond to the different products for MSMEs that this time will be offered by the accredited entities, encompss an upcoming channeling of loans estimated at more than ¢ 50,000 million colones, which are directed towards productive activities in industry , commerce, agriculture, livestock and services. ”

The Economy Ministry (Ministerio de Economia, Industria y Comercio de Costa Rica – MEIC )statement said that “… The Governing Council recognizes the willingness of financial institutions to achieve standardization in financial conditions for the benefit of citizens, achieving a deal on interest rates, which will even provide the Passive Base Rate in colones, which is at 6.80% and 3.00% in dollars. Formalization commissions, regardless of the financial operator, will be set at a maximum of 1.50%. ”

Article originally appeared on, with editing by the Q

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Avianca and Frontier inaugurate direct routes: San José-Miami and San José-Orlando

Q TRAVEL - The Colombian flag airline Avianca inaugurated this Thursday...

US$90 Million for Banking Sector

QCOSTARICA - With the aim of strengthening the liquidity of Costa...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.