Credicomer
Latin America
Region
12.3
Commitment (MNOK)
Active
Status
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.
Key information
- Sector:
- Financial Inclusion
- Commitment (MNOK):
- 12.3
- Year:
- 2019
- Region:
- Latin America
- Country:
- El Salvador
- Domicile:
- El Salvador
- Instrument:
- Loans
- Status:
- Active
- Mandate:
- Development
Addionality for Credicomer
This investment is particularly additional on the following ambitions:
- Investing in the riskiest markets
- Mobilising private investors