Displaying items by tag: Micro Pequeños y Medianos Empresarios
Tuesday, 26 July 2022 20:40
Informal credit rate granted by loan sharks is 1,869.4% as of march 2022
The study conducted by the Centro de Investigación de la Opinión Pública Salvadoreña de la Universidad Tecnológica (CIOPS) as of march 2022 called "El crédito en el sector informal en El Salvador", showed that many informal traders do not have access to credit in formal banks, so they have to resort to paying high interest rates.
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SME