the inter-american investment corporation (iic), mif and the latin american federation of banks (felaban) conducted an initial survey in december 2004 of 111 latin american financial institutions, the purpose of which was to identify the propensity of latin american and caribbean banks to finance small and medium enterprises (smes). in 2006, the study's second survey was conducted to research the sme funding situation. the present report presents the results of the study's third survey conducted in 2008.