MI BANCO

Latin America

Region

66.1

Commitment (MNOK)

Active

Status

Mi Banco was formed 29 years ago in El Salvador once the Law regulating cooperatives and workers banks was formulated. The purpose of these cooperatives or workers’ banks was defined as: to raise deposits from the public and to offer loans to employees in the public and private sector.

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Key information

Sector:
Financial Inclusion
Commitment (MNOK):
66.1
Year:
2022
Region:
Latin America
Country:
El Salvador
Domicile:
El Salvador
Instrument:
Loans
Status:
Active
Mandate:
Development

Additionality MI BANCO

This investment is particularly additional on the following ambitions:

  • Investing in the poorest countries
  • Investing in the most capital constrained markets
  • Investing in the riskiest markets
  • Investing in sectors with high development needs
  • Targeting underserved segments
  • Supporting enterprise improvements