El Salvador: $30 Million for Fedecrédito

©image: www.ifc.org

Armando Rosales, president of Fedecredito, explained that the collateral of these loans will be the flow of remittances sent by Salvadorans living abroad.

“He added that the money will be disbursed gradually during the next three months and will be used to lend more to micro companies and low income families, which they serve through 48 credit associations and 7 workers banks”, reported And.es.

Source: adn.es

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