Fedecredito

Latin America

Region

61.3

Committment (MNOK)

Financial Institutions

Sector

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.

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  • Sector: Financial Institutions
  • Committment (MNOK): 61.3
  • Year: 2016
  • Region: Latin America
  • Country: El Salvador
  • Domicile: El Salvador
  • Instrument: Loans
  • Status: Active