Posted by Michael on July 05, 2002 at 07:54:07:
What kind of rates is he seeing?
Business credit in Costa Rica - Posted by Michael
Posted by Michael on July 03, 2002 at 15:05:33:
I have read that there is an incredible shortage of US dollars in Costa Rica, paired with a big demand by small to medium sized businesses for dollar-denominated loans of 30-180 days, for operating capital, inventory financing, etc. as well as factoring.
The result of these and other factors is that borrowers are paying 6% per month for credit.
Anyone familiar with this scene? Sounds like quite an opportunity, unless I am missing something.
Re: Business credit in Costa Rica - Posted by Jasonrei
Posted by Jasonrei on July 04, 2002 at 16:37:24:
I do know interest rates in CR are obscene. My dad is trying to get a loan on a property he owns there but money is too expensive.