Loans for leather firms
06/11/2008
Medium, small and micro businesses in the leather sector in Honduras are among those who qualify for interest-free loans to help rebuild their companies in the wake of damage caused by this autumn's hurricanes. The money is available through special funding, amounting to $400,000, provided by the government of Taiwan.
The official in charge of managing the fund, Israel Castañeda, has explained that the purpose here is not to secure a return on investment (companies who take up the loans will pay only a small commission, he said), but to create employment.
He said he had already approved loans for 25 companies.
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