Costa Rican Vacations’ Innovative Loan Program Supports Tourism Recovery
Looking Ahead: Sustainability as a Cornerstone of Growth
In late 2023, Costa Rican Vacations (as part of the Namu Travel Group) and IDB Invest launched an innovative working capital loan program to support small and medium-sized tourism businesses in Costa Rica. One year later, the impact of this program is evident as over 35 businesses have joined, benefiting from more than $8 million US dollars in financing. This initiative came at a crucial time, as many businesses were still grappling with the effects of the COVID-19 pandemic, which had left the tourism sector struggling for cash flow and survival.