Home » Business » BDP granted 98.6% of the SI Bolivia credit to microenterprises

BDP granted 98.6% of the SI Bolivia credit to microenterprises

Socialization of state credit for import substitution. (Photo: BDP SAM)

Bolivia

Until now, of the total credits placed by the Productive Development Bank (BDP) SAM, for a total of Bs 51.4 million, 98.6% were allocated to micro-entrepreneurial producers of the nine departments of the country, for the reactivation economic through the substitution of imports from the manufacturing industry, agriculture and livestock, informed the general manager of the finance company, Ariel Zabala David.

Of the 622 loans placed, 98.6% were for microentrepreneurs, 0.6% for small companies and 0.8% for medium-sized companies, the BDP reported in a press release.

“Our policy is to mainly support the micro, small, medium and large productive sector, and that these can contribute to the reactivation and productive development, and generate products with added value – mainly – to substitute imports,” the manager stressed.

He explained that in the first phase of placement, the BDP focused on the sector of micro and small entrepreneurs, and in a second phase it develops efforts to awaken interest and placement towards medium and large entrepreneurs, through their parent organizations .

Of the total disbursements, 31.8% was for producers in La Paz, 26.7% for Santa Cruz, 17.4% for Cochabamba, 7.9% for Chuquisaca, 6.4% for Oruro, 4.2 % for Potosí, 3.3% for Tarija, 2.1% for Beni and 0.2% for Pando.

Of the total SI Bolivia credits disbursed, 96.2% went to the manufacturing industry, 3.3% to agriculture and livestock, and 0.5% to hunting and forestry.

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