BAC Credomatic El Salvador, a bank with a strong participation in the Salvadoran personal banking market and a significant presence in the corporate and business sectors, has received financing in the amount of US$60 million from IDB Invest, through a mobilization agreement with Banco de Santander S.A. The resources obtained will help expand financing to small and medium-sized enterprises (SMEs) and also support SMEs led by women through the bank’s “Mujer Acelera” program.

The agreement includes funds from the Women’s Entrepreneurship Initiative (We-Fi). IDB Invest will provide advisory services to strengthen the program’s financial and technical assistance services. In addition, IDB Invest will support the identification of digital transformation needs of women-led SME clients by promoting the adoption of digital channels.