Authorities of the Social Inclusion Secretariat (SIS), the Development Bank of El Salvador BANDESAL, of the European Union (EU) and the Cooperation of the Grand Duchy of Luxembourg, announced the extension of the FONDO MUJER Project through which all users of the Ciudad Mujer headquarters, may have access to credits for working capital.

Monday, 12 November 2018 13:41

Do you want to convert your remittances into savings?

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The largest percentage of the remittances received by salvadorans are used for household consumption, in the food, and clothing sectors. However, remember that you also have the opportunity to invest that money for the future.

For some people saving money is not easy, and they are always looking for a way to do it so that this does not affect the expenses they usually do.

 

If you are one of those who think that you can not save, that it is impossible because you do not have enough money, you are wrong!

 

One of the main objectives of the FEDECRÉDITO System is to contribute to promoting the financial inclusion and the bankization of the salvadoran population.

The loan portfolio granted by banking in El Salvador to the productive sector has grown in recent years.

The general director of Customs, Armando Flores, filed with the Attorney General's Office (FGR) a complaint against seven national companies that had incurred the crime of smuggling merchandise for a value of around US$ 2,400,000.

For some people saving money is not easy, and they are always looking for a way to do it so that this does not affect the expenses they usually do.

Tuesday, 16 October 2018 14:18

Save with purpose, a key to improve the quality of life

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When arriving the last months of the year the restlessness arises of how to make reality the intention to save, if sometimes the income does not even reach until the end of the month?

The US department store chain Sears Holdings, with 125 years of existence, and whose role in the retail sector has been displaced first by Walmart and then by Amazon, has declared its entry into voluntary bankruptcy on Monday, after accepting the protection of the Chapter 11 of the Bankruptcy Law and announce its restructuring plans, which include the closure of 142 stores, and the resignation of its CEO, Edward S. Lampert.

Small and medium-sized companies (SME) will have easy access to credit when buying vehicles through Credi Q. This Monday, the firm sealed a long-term financing agreement for US $ 154,375,000 structured by Citi and that has the support from the Private Investment Corporation Abroad (OPIC). 

The General Budget of the Nation for 2019 should be US $6,733 million, according to the project presented this Friday by the Minister of Finance, Nelson Fuentes to the deputies of the Legislative Assembly.

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