BancoEstado is extending US$110mil in warranties for loans for operations and investment projects for micro, small and medium sized companies which should apply for financing services to 17 financing institutions that are part of the Fogape (Fondo de Garantias para Pequenos Empresarios) project. Fogape will offer UF4.5mil for the first semester of 2002, 80% more than in the first semester of 2001. The 17 financial institutions with Fogape resources are Banco de Chile, Santander, Credito e Inversiones, del Desarrollo, Corpbanca, Santiago, Bice Security, de la Nacion Argentina, del Estado, Financiera Conosur, BBVA Banco BHIF, Scotiabank, BanChile Factoring, BCI Factoring, Santiago Factoring and Indap.
Source: South American Business Information
