Western Hemisphere
Western Hemisphere
More from Western Hemisphere
Small Business and Financial Services
Small Business and Financial Services
More from Small Business and Financial Services
2X Women's Initiative
2X Women's Initiative
More from 2X Women's Initiative

Challenge

Economic stability in Central America can help to restrain many of the factors that contribute to migration. In Guatemala, small businesses account for the majority of economic activity but often struggle to access the financing needed to invest to grow their operations.

Solution and Impact

DFC financing is helping Guatemala’s Banco Industrial expand lending to small businesses in a range of sectors across the country. 

Some of the businesses that were able to access loans included a meat seller that invested in cold storage, a footwear manufacturer that purchased new equipment to improve production times, a toy maker that expanded into a new line of educational toys, and a manufacturer of automotive accessories that expanded its product line. Banco Industrial has also provided financing that enabled a payroll systems company to upgrade its technology, and enabled a bed manufacturer to expand its business into neighboring countries.

This project was profiled in 2021.