Microcredits

Microcredit’s in CR

According to the SUGEF, in January 2010, the number of institutions it supervised it was: 3 state-owned commercial Banks, 2 banks created by special law, 13 private-owned and cooperative banks, 34 financial companies and groups, 23 unions of loans and credit, 3 organizations for housing credit and loans, and 2 exchange institutions.

Also the Red of organizations (RedCom) estimated that over 100 thousand persons benefited directly and indirectly from microcredit provided by 21 of its affiliated institutions in Costa Rica. The credit values vary from US$ 1,000.00 to US$ 1,500.00. There are 22,000 micro businesses developed from these microcredit institutions, and the government estimates that 98% of all companies in Costa Rica are micro, small or medium businesses. RedCom’s credit portfolio is composed by 37% commerce, 30% services, 23% small industries and 10% agriculture; 52% of the credit is received by people in rural areas and 47% of the total number of clients of microcredit institutions are women.


The Associations have concentrated on offering credit programs aimed mainly at the commercial, industrial, services and tourist sectors. For the financing of productive projects, they offer different forms of credit to the small and medium-sized producer as follows: direct credit in amounts ranging from US $1,000 to US $45,672.50 in revolving credit lines and international credit cards.

Also there is a program:”CREDIMUJER” focuses on women and men of limited economic resources that intend to use credit and training to develop micro-enterprises. 88% of their portfolio is comprised of women.

The companies the work with credit card sales have benefited many people due to sometimes the people do not have the money to buy their things, so to use a credit card will be a fantastic option. A negative reason of having a credit card might be to exceed the used and then do not have enough money to pay.