A. M. 
The Superintendencia del Sistema Financiero (SSF) has authorized a new layer of reimbursement for members of Cooperativa de Ahorro y Crédito Santa Victoria de R.L. (COSAVI), who have balances of less than US$25,000. With this new layer, the percentage of reimbursement will reach 77.8%.
Superintendent Evelyn Gracias has announced that savers will be able to withdraw their funds at the agency located at Calle Gabriela Mistral and 29th Avenida Norte in San Salvador. Hours of operation will be from 8:30 a.m. to 5:00 p.m. monday through friday, and on saturdays from 8:30 a.m. to noon. Withdrawals will be available starting wednesday, september 18.
In addition, Gracias has pointed out that associates who had already enabled the previous layers but had not been able to withdraw their funds will be able to do so on this occasion. They have also been urged to stay informed through official SSF channels, as efforts are being made to improve the agility of the process and adapt measures as needed.
The SSF continues to evaluate measures and options to ensure that members receive their balances deposited in the cooperative as soon as possible. However, it warned that the recovery of the funds will take time because the money is invested in loans, which prevents a recovery of the funds.
