Matrix production companies will receive CFN credits

The companies associated with the change of the productive matrix business, the increase of exports and imports substitution, will be benefited with a new credit line for the purchase of assets by the Nacional Finance Corporation (CFN.)

The product `Progress´ is comprised of credit to purchase assets of large companies, the Guaranty Fund, which guarantees loans that small and medium companies request in private banking and those could not access for insufficient collateral and venture capital, which is expected to be implemented.

Entrepreneurs who have access to credit will have a 15 years term to cancel, with an interest rate of 6.9%, reported the Finance Corporation.

Meanwhile, `the Guaranty Fund has $ 170 million, which surely can leverage credits for $ 1,100 million in private banking´, reported the Vice President, Jorge Glas, and the President of the CFN, Soledad María Barrera.