Tuesday, 12 September 2023 02:54

BANDESAL and IDB offer two new lines of credit to salvadoran MSMEs

Written by Leydin Sorto

The Banco de Desarrollo de El Salvador (BANDESAL) with the strategic support provided by the Inter-American Development Bank (IDB) offers salvadoran micro, small and medium enterprises (MSMEs) two new options to finance their projects:

The lines of credit to invest in the development of their companies are:

Credit Line for the productivity of women entrepreneurs.

Line of credit for the productivity of MSMEs.

MSMEs belonging primarily to the following sectors: services, commerce, agriculture, construction and manufacturing industry can finance a loan to develop their viable and profitable projects.

Agricultura, Orgánico, Granja, Potencia

Bar, Camarera, Barman, Buffet, Cafetería

Buitenmuren – Ingelicht

Máquina De Coser, De Coser, Coser

By acquiring one of these lines of credit, MSMEs will be able to invest in their businesses, strengthening their development, improving their competitiveness and generating savings. They will also be able to finance working capital, machinery and equipment, acquisition of land or real estate associated with their business.

MSMEs that wish to make investments aligned with climate change mitigation and adaptation can apply for this line of credit. To manage any of the lines of credit, they can do so through financial institutions allied to BANDESAL.


Translated by: A.M