PADECOMSMCREDITO – El Salvador
Founded in 2006 and having as origin the NGO PADECOMSM micro-credit program (founded in 1996 as a result of the civil war that hit El Salvador for over a decade), the MFI has a strong local presence in Eastern of El Salvador, regrouping the poorest departments of the country. PADECOMSMCREDITO has demonstrated its commitment to its customers targeted through responsible microfinance activities.
In the Eastern area of the country, the IMF ranks 3rd behind the country’s largest MFI. 60% of the portfolio is allocated to rural customers, which is one of the highest percentages of El Salvador where microfinance is mainly urban.
Its vision is to be a leading financial entity, which meets the needs of micro and small enterprises via excellent relations, services and attention to customers. Its mission is to improve the lives of its customers by providing accessible and flexible microfinance services with an economic and social profitability.
The MFI offers 3 types of individual loans only for income generating activities and habitat. PADECOMSMCREDITO financs various sectors such as commerce and local industry which include activities such as carpentry, tailoring shops or pottery. The agriculture and services such as restaurants or urban transports are also financed by the MFI.
More information about PADECOMSMCREDITO here
