IDB Invest grants $70 million in financing to Bancoagrícola de El Salvador. The 10-year transaction seeks to boost the growth of the portfolios of small and medium-sized enterprises (SMEs), women-led SMEs, and green loans related to climate change mitigation, which will allow Bancoagrícola to solidify its strategy and specialized offerings in these segments.

Having a business involves many challenges, from how you are going to organize yourself to the payment methods you are going to implement to give a comfortable customer experience and the advantage is that there are several ways to implement to carry out a payment.

99% of the almost 1.6 million companies operating in the region are MSMEs; 83% are micro and 16% are small and medium-sized enterprises. This important sector represents more than 65% of the economically active population, and this is the main source of employment generation in the region, according to the Economic Impact of the COVID-19 pandemic on MSMEs in Central America report by the Centro Regional de Promoción de la MIPYME (CENPROMYPE).

The Cámara de Comercio e Industria de El Salvador (CAMARASAL), will train entrepreneurs on productivity, business models and customer service, as part of the Entrepreneur Week 2022.