geo/el-salvador
Triodos Microfinance Fund has made a USD 7 million loan to Mi Banco in El Salvador, a cooperative bank that provides payroll deduction loans to low and lower-middle-income government employees.
Mi Banco is one of El Salvador's fastest-growing cooperative banks, serving over 10,000 borrowers and 25,000 depositors through a network of ten branches and digital outlets. Furthermore, Mi Banco provides loans to municipalities for the implementation of high-impact projects such as road building connecting isolated or less accessible villages and the creation or improvement of sanitation facilities.
Customers with monthly incomes of less than USD 500 can borrow money for education or healthcare, to expand or enhance their homes, or to start a small business to improve their financial situation. Customers can also open a savings account, get life insurance, and pay taxes, fees, and basic services through Mi Banco.
Leading banking institution in Honduras serving retail, SMEs and corporate banking segments. It offers the largest branch network in the country and a multichannel electronic banking platform.
Canada’s development finance institution dedicated to providing financial services to the private sector focusing on economic development through job creation, women’s economic empowerment and climate change mitigation and adaptation.
Paypal’s open digital payments platform gives its more than over 270 million active account holders. better ways to manage and move money and offers flexibility when sending payments, paying or getting paid.
FMO is the Dutch development bank, empowering entrepreneurs in emerging markets, focusing on underserved markets and key sectors for development.
Federación de cajas de crédito y de bancos de los trabajadores is a second-tier bank and a member of Sistema Fedecredito whose goal is to increase financial inlcusion in El Salvador.
British International Investment (ex CDC Group) is UK’s development finance institution and wholly owned by the UK government. It supports businesses throughout Africa and South Asia.
OPIC is the DFC - U.S. Government’s development finance institution. It mobilizes private capital in emerging and frontier economies to address development challenges and advance US foreign policy objectives.
