La Sociedad Cooperativa AMC de R.L. (AMC) helps small businesses by providing them with loans or insurance. AMC was initially primarily active in the west of El Salvador, but in recent years, it has opened branches in central El Salvador and in the east. A large proportion of its clients live in rural areas. AMC wants to focus more on these regions since this is where the most growth opportunities are for a microfinance institution in El Salvador. AMC is also procving loans to organic certfied farmers and solar panels for households. AMC will be able to expand further now that it has been provided a loan from Hivos-Triodos Fund.
KEY INDICATORS AMC Bank at year-end 2012:
- number of loan clients: 13,95
- percentage female clients: 57%
- percentage rural clients: 71%
- average loan amount: EUR 1,087
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.