Microfinance in El Salvador has played a very important role in the development of the country.
of non-bank correspondents, allowing greater geographical coverage of financial services, thus enabling greater financial inclusion through digital media and achieving greater geographical coverage to reduce transaction costs.
For José Dimas Quintanilla president of Integral
the micro and small business sector is key to the economic stability of the region given the level of employment it generates. It is known that in Latin America the jobs generated by this sector represent more than 70% and constitute more than 90% of the companies; in this sense, its sustainability and viability are fundamental to achieve social stability in the region.
Traditionally, the sector has been considered extremely risky due to its vulnerability levels, a fact that cannot be disputed, but what has not been considered carefully enough is that MSEs (Micro and Small Enterprises) are very resilient when it comes to facing economic crises. This phenomenon was clearly marked during the pandemic, the sector was able to adapt and reinvent itself to overcome the difficulties that this phenomenon brought to* remittances are received mainly by families who spend the money buying from the companies that Integral serves, which implies that the dynamics of the MYPES to a high degree responds to the movement of Family Remittances. In the case of Salvadorans, we thank them and appreciate the sacrifice they make for this country, El Salvador remains standing and prospering because of the flow of remittances they send to the country.
Important changes are taking place in the country and if you have the resources to return and come to invest there are opportunities and very dynamic sectors to do so. There is room for your investments to be profitable so that you can continue your life in the country if you wish to return.
As I am sure you know, security conditions have improved. There is now more confidence in moving around the national territory, the problem has not been totally eradicated, but it has improved a lot, there is a substantial change, it is time to invest.
As Salvadorans we welcome anyone who wants to visit us and invest in the country.