More Banking Correspondents in El SalvadorThe Federation of Credit Unions and Workers' Banks is to open 200 points of service in shops, pharmacies, and other retail areas.Tuesday, July 16, 2013
With an investment of $5 million in technology, Fedecrédito next month will open 70 'Fede Punto Vecinos' (Fede Point Neighbors), out of a total of 200 non-banking correspondents which it plans to have by late 2013. Source: elsalvador.com ¿Busca soluciones de inteligencia comercial para su empresa?$200 million Available for SMEsMay 2012 Fedecrédito is looking to grant $236 million more in 2012 than last year in order to expand its credit supply in El Salvador. Alliance to Capture Remittances to El SalvadorFebruary 2012 Fedecrédito joins Wells Fargo in order to capture a greater market share of remittances between the U.S. and the Central American nation. Fedecrédito to Finance Construction of Municipal MarketsJuly 2011 The Federation of Credit Unions in El Salvador hsa signed a $20 million loan with the IDB for the construction and renovation of municipal markets. El Salvador: $30 Million for FedecréditoJune 2010 The International Financial Corporation, part of the World Bank, will loan $30 million to Fedecrédito, for it to extend its loans to micro companies.
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