Credicomer

Latin America

Region

73.5

Committment (MNOK)

Financial Institutions

Sector

Credicomer is a regulated savings and loans financial institution that began operation in 2009. It is primarily focused in Micro and SME customers with close to 80% of its loan portfolio concentrated in this sector. Norfund’s loan will support the access to finance for both micro entrepreneurs and SMEs in El Salvador.

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  • Sector: Financial Institutions
  • Committment (MNOK): 73.5
  • Year: 2019
  • Region: Latin America
  • Country: El Salvador
  • Domicile: El Salvador
  • Instrument: Loans
  • Status: Active

Addionality for Credicomer

This investment is particularly additional on the following ambitions:

  • Investing in the riskiest markets
  • Mobilising private investors