FOGAPLAR marks 13 years of SME financing in La Rioja

The Public Guarantee Fund of La Rioja (FOGAPLAR) has marked its 13th anniversary, establishing itself as a key public policy tool for supporting the provincial productive sector. Since its inception, the fund has provided guarantees totaling more than $52.4 billion to 5,543 SMEs to support investments and working capital needs.

Currently, FOGAPLAR maintains active guarantees for 1,165 companies across the province. Notably, 89% of the guarantees issued have been directed toward micro-enterprises, helping smaller productive units overcome traditional difficulties in accessing credit. Under the leadership of President Laura Sabattini, the institution has strengthened its ties with financial entities and national and provincial organizations to bolster the local economic ecosystem.