Though El Salvador makes up the third largest economy in Central America, it has suffered in recent years from minimal growth. Remittances from abroad are received by a third of all households and account for about 17 percent of the national GDP. In an effort to stimulate the economy, the government has promoted textile production, international port services and tourism, with some success. Despite these efforts, approximately a third of the population is still living below the poverty line, and access to financial services is extremely limited.
We began our work in El Salvador in 1999, when we partnered with the Fundación Salvadoreña de Apoyo Integral (FUSAI) to evaluate its existing microloan portfolio and later transform the foundation's microlending arm into a private, commercial institution. Since that time, Apoyo Integral has taken over FUSAI's microloan portfolio. We continue to work with Apoyo Integral to strengthen their institutional capacity by providing management and technical assistance in the areas of credit methodology monitoring and improved operational processes.
Accion is supporting partner Apoyo Integral with management and technical assistance services.Learn more about our Microfinance Services >>