The financing under competitive credit conditions is expected to benefit more than 450 SMEs and preserve approximately 16,900 jobs, in addition to 160 SMEs that employ 2,956 people, 56% of whom are women.

CABEI Executive President, Dr. Dante Mossi, emphasized: "With this new credit to the private sector, we are directly supporting one of the most important productive sectors at the regional level by providing them with resources to cover their financing needs. We are very pleased with this important alliance that we are sealing today with Banco CUSCATLAN.

Thanks to this financing, Banco CUSCATLAN, in addition to offering more credit options for SMEs affected by COVID-19, will invest in loans focused on energy efficiency, as part of its commitment to sustainability. It is estimated that at least 70 companies will apply for these funds to execute projects that have a positive impact on the environment.

The funds will also be used to finance activities related to foreign trade, SMEs affected by COVID-19, as well as those led by women, and to promote energy efficiency investments, among other activities.

"We are committed to the growth of small and medium-sized enterprises, and this type of financing allows us to broaden our reach and be part of the positive impact that SMEs generate in our economy", said José Eduardo Luna, Executive Director of Banco CUSCATLAN.

This initiative is framed within CABEI's Institutional Strategy 2020-2024, within the Sustainable Competitiveness Axis, contributing to the strategic objective of contributing to inclusive economic growth.