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Treasury: First Annual Report on the Latin America Small Business Lending Initiative

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U.S. Treasury: First Annual Report on the Latin America Small Business Lending Initiative (PDF), August 29, 2008.

  • “The three-part initiative is jointly supported by the U.S. Treasury Department, the Inter-American Development Bank (IDB), and the Overseas Private Investment Corporation (OPIC). Each of these entities has complementary roles to play in the Initiative. The first pillar attempts to bridge the information gap that often prevents banks from lending to small companies through the introduction of new lending models tailored to small firms. Banks need the tools to assess the value and risk of lending to smaller companies that do not have traditional collateral structures or formal financial statements. In order to help build capacity for banks to quickly and accurately assess the credit quality of small companies, the Multilateral Investment Fund (MIF), an arm of the IDB, has provided technical cooperation grants to local banks to strengthen their capacity in lending to the small business sector. This assistance includes consulting services related to credit officer training, material development, software and computer equipment, and credit scoring systems.”
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