Fedecredito

Fedecredito is a cooperative bank owned by 48 Salvadorean credit unions and 7 workers’ banks located throughout the country. These entities are cooperative MFIs and mobilize savings from 1 million + individual member-owners primarily in rural areas. Norfund’s loan will promote access to capital to micro enterprises in a market in which access to capital is not easy to come by since most of the financial sector is managed by foreign multinational corporations.