Financiera Summa SA - Helping small and medium-sized businesses achieve success
Financiera Summa SA
Helping small and medium-sized businesses achieve success
Financiera SUMMA SA (SUMMA) is a regulated private financial institution, founded in Guatemala City in 2004. It offers factoring services to small and medium enterprises (SMEs) who struggle to obtain short-term finance from banks for various reasons, such as leverage limits or lack of guarantees. SUMMA also offers trust management and treasury services, including currency exchange and cash transfers.
SMEs play an increasingly important role in the economy as employment and income generators. There are currently an estimated 85,000 SMEs in the country, more than half of which operate in the department of Guatemala. Consequently, this is where most of SUMMA's clients are located.
SUMMA is in a great position to offer SMEs alternative financing solutions. It has a longstanding trustful partnership with Oikocredit and received and repaid a number of loans. By investing in the institution, Oikocredit will further cement its good business relationship with a likeminded institution, geared towards SME development.
SUMMA has been an Oikocredit partner since 2007.Download this project as a PDF