MEDIUM & SMALL INDUS

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The Second Small and Medium Scale Industrial Development Project aims at expanding the production capacity and improving the efficiency of small and medium-scale industrial enterprises by means of a comprehensive program of technical and financial assistance. Special emphasis will be given to meeting the needs of enterprises located outside the main urban concentrations. FOGAIN will provide credit through financial intermediaries and guarantee credit from financial intermediaries to finance fixed assets and associated working capital; minority equity capital and financial assistance with equity features will be provided directly by FOMIN; factory buildings, common service facilities and equipment leasing services on industrial estates will be provided by Nacional Financiera and other specialized institutions. The project faces a moderate level of risk; some components may develop more slowly than others.