Credicomer

Latin America

Region

Investment (MNOK)

Exit

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.

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Key information

Sector:
Financial Inclusion
Investment (MNOK):
Year:
2019
Region:
Latin America
Country:
El Salvador
Domicile:
El Salvador
Instrument:
-
Status:
Exit
Mandate:
Development

Addionality for Credicomer

This investment is particularly additional on the following ambitions:

  • Investing in the riskiest markets
  • Mobilising private investors