Cisco bets on SME credit to ramp up LatAm sales
Cisco launched a credit line to finance the acquisition of IT equipment by small and mid-sized enterprises in Latin America, which have been hit hard by the pandemic.
SMEs in Brazil, Chile, Costa Rica, Colombia, Mexico and Peru will be able to access the so-called Low Rate Plan, the company said in a presentation.
The credit line offers below-market rates on 36-month loans. It is aimed at equipment costing from US$10,000 to US$250,000 and with at least 70% of Cisco components. The program is available until July 31, 2021.
Cisco operates in 33 Latin American countries through 1,400 partners, but the pandemic has hit spending plans for many of its regional customers.
Worldwide, Cisco’s results for the financial quarter ending July 25 fell by 9% year-over-year to US$12.2bn.
In terms of orders of software and services, the business unit BRICS (Brazil, Russia, India, China and South Africa) plus Mexico fell the most, down 26% year-over-year.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Political Risk & Macro (Peru)
Peru's central bank paints rosier picture for 2024
In the mining sector, investment will grow 7.8% to US$5.1bn, the bank’s governor Julio Velarde said.
Scotiabank commits to Peru after exit rumors
A Chilean outlet reported the Canadian bank wanted to sell its Peruvian operations.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Berilo photovoltaic park (ex Esmeralda)
- Current stage:
- Updated:
2 days ago
- Project: Teck CDA operational continuity (Carmen de Andacollo)
- Current stage:
- Updated:
2 days ago
- Project: 90MW CSF Continua San Felipe photovoltaic project
- Current stage:
- Updated:
2 days ago
- Project: New cable car Bogotá - La Calera (Cable car Bogotá - San Rafael Ecological Park)
- Current stage:
- Updated:
2 days ago
- Project: Penonomé 2 photovoltaic plant
- Current stage:
- Updated:
2 days ago
- Project: Field Rio Joanes
- Current stage:
- Updated:
1 day ago
- Project: Block C-M-845
- Current stage:
- Updated:
2 days ago
- Project: BM-PAMA-8 block
- Current stage:
- Updated:
1 day ago
- Project: Campo Macuil
- Current stage:
- Updated:
2 days ago
- Project: Ibitiara, Veredas and Dunes wind farms
- Current stage:
- Updated:
2 days ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Minera Bornita SpA. (Minera Bornita)
- Company: Tecnoedil S.A. (Tecnoedil)
-
Tecnoedil S.A. is a Paraguayan construction company of road, civil and port works established in Asuncion in 1978; which is also the parent company of asphalt, concrete, pre-ten...
- Company: Bosques Solares de Colombia
-
Bosques Solares de Colombia is a photovoltaic complex located in the Municipality of Montelíbano, Department of Córdoba, Colombia, developed by Solar Green, a subsidiary the Spa...
- Company: Bosques Solares De Colombia 5 S.A.S. E.S.P
-
The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...
- Company: Ingeniería de Topografía y Caminos S.A. (T&C S.A.)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Clemessy SA (Clemessy)
- Company: A&A Consultores S.R.L.
- Company: Codam S.A. (Codam)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Riva S.A. - Codam S.A.
-
Riva SA - Codam SA is a company formed by Riva SA, and Codam SA for the execution of the Norpatagónico Hospital project, which is located in Neuquén, Argentina.
- Company: Torata Mining Resources TMR S.A. (Torata Mining Resources)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
