Sociedad de Ahorro y Crédito Apoyo Integral

Debt : October 2020

BIO has provided a USD 10 M loan to Apoyo Integral, a leading microfinance institution in El Salvador.

Amount

€ 8,733,600.00

Type of investment

Debt

Development impacts

Local economic growth
Private sector consolidation/innovation

Beneficiary locations

Latin America and Caribbean: El Salvador

Investment field

Financial Institutions

Activity

Microfinance Institution

Organisation

Sociedad de Ahorro y Crédito Apoyo Integral

Website

https://www.integral.com.sv/

Domicile

El Salvadaor

Apoyo Integral has been operating as a regulated non-bank financial institution since 2009 and currently has an outstanding credit portfolio of $121.2 m., a deposit portfolio of $71.8m., a network of 26 branches throughout the country, and more than 440 payment locations.

Apoyo Integral focuses on the higher micro segment and small enterprises, and provides financial products that facilitate financial inclusion. It is the only regulated and SMART certified MFI in El Salvador.

Digital

Digitalization is a crucial aspect of the company’s strategy.

Main objective towards digitalization is to increase the agility/efficiency of the institution, and client experience.

Development impacts

Local economic growth
98% of loans go to Micro-enterprises and SMEs, are are usually used for working capital and fixed assets
Private sector consolidation/innovation
55% of credit clients have no credit history in the regulated financial system.

Countrywide presence: 26 fully fledged branches and more than 450 payment points.
55% of portfolio is located in rural areas.

Additional services such as savings, transfers, insurance, financial education.