Financing at your Fingertips
Building a small business’s competitiveness goes deeper than having efficient production processes or quality products and services. Access to adequate financing is also a major factor in gaining and maintaining competitiveness, helping SMEs to expand and survive in the marketplace. In countries like Nicaragua with less developed financial systems, factoring has proven to be a good instrument for achieving higher levels of financial democracy. A FOMIN project is promoting the growth of this financing model with one objective in mind: helping the SMEs most excluded from the country’s formal financial system.
Facts and Stats