Washington, D.C. December 18, 2018 – Federación de Cajas de Crédito y de Bancos de Los Trabajadores (Fedecrédito) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have Fedecrédito join our network of 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
Fedecrédito founded in 1943 is one of the founding entities of microfinance in El Salvador. Fedecrédito is a second-tier bank and international relationship manager of Sistema Fedecrédito. Sistema Fedecrédito provides specialized advice to its member entities, which includes 48 credit unions and seven retail banks. In addition, Sistema Fedecrédito helps to support vulnerable sectors’ inclusion into the new trends marked by the globalization of economies.
“As the promoter of the development and innovation of Sistema Fedecrédito, it is vital that Fedecrédito remain on the leading edge in its field, and share knowledge with other institutions around the world,” said Macario Armando Rosales Rosa, President and CEO of Fedecrédito. “SME Finance Forum provides a remarkable opportunity to learn, make connections and progress our efforts for Sistema Fedecrédito forward.”
Fedecrédito will benefit from working groups, peer exchanges, webinars and other SME Finance Forum learning events.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About SME Finance Forum
The Forum operates a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. Its members share a common commitment to advancing finance so that small and medium enterprises can flourish and grow. The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 and is managed by the International Finance Corporation (World Bank Group).
About Fedecrédito
Federación de Cajas de Crédito y de Bancos de Los Trabajadores (Fedecrédito) founded in 1943 is a second-tier bank and international relationship manager of Sistema Fedecrédito. Granting loans for more than 88 million colones during 1977, the bank has grown to support the most vulnerable sectors, incorporating them into the new trends marked by the globalization of economies.
Media Contact
Carmen Smith
csmith11@ifc.org
