La Sociedad Cooperativa AMC de R.L. (AMC) helps small businesses by providing them with loans or insurance. 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 also provides loans to certified organic farmers and loans to households to purchase solar panels. With a loan from Hivos-Triodos Fund, AMC will be able to expand its activities further.
KEY INDICATORS AMC Bank at year-end 2013:
- number of loan clients: 12,086
- percentage female clients: 57%
- percentage rural clients: 71%
- average loan amount: EUR 1,223
- 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.