IDB Invest is providing advisory services to BAC Credomatic to strengthen the program's financial and technical assistance services. In addition, it will identify the digital transformation needs of its women-led SME clients and support them in transforming their business model toward greater use of digital channels.

The agreement includes funding from the Women's Entrepreneurship Initiative (We-Fi), an alliance that aims to facilitate financing and access to markets for women-led businesses.

With We-Fi's support, the transaction will also benefit from performance-based initiatives, which will enable BAC Credomatic El Salvador to obtain incentives totaling up to US$450,000 for achieving results in growing its SME portfolio from 27% (or 846 loans in 2020) to 45% (1,770 loans by 2025).

This agreement is expected to contribute to five United Nations Sustainable Development Goals (SDGs): Gender Equality (SDG 5), Decent Work and Economic Growth (SDG 8), Industry, Innovation and Infrastructure (SDG 9), Reducing Inequalities (SDG 10), and Partnerships for Achieving the Goals (SDG 17).