Banco de Desarollo de El Salvador purpose is to accompany with financial resources the sectoral public policies that are established by the government to promote the development of micro, small and medium enterprises, exports, employment generation and consequently the economic development of the country.
When the Law on the Financial System for Development Promotion came into effect, the El Salvador Development Bank and the funds it manages are established: the Economic Development Fund and the Salvadorean Fund for Guarantees, focusing its efforts on addressing market gaps, Financial products that are adjusted to the business needs, thus contributing to the revitalization of El Salvador's economy.
BANDESAL COUNTS WITH:
DIRECT CREDIT: Finances investment projects from $ 10.5 million and offers financing from $ 4.2 million up to $ 21 million of which can be financed up to 50% and requesting a developer's own contribution of up to 20%. It also acts as a facilitator and resource mobilizer of other participating Financial Institutions, who independently evaluate and approve and share the risks associated with credit.
INDIRECT CREDIT: Promotes the competitive development of the Salvadoran economy by offering financing lines through 45 intermediary financial institutions that allow the execution of viable and profitable productive projects in El Salvador, focused mainly on small and medium-sized enterprises with terms that go in Mostly in the medium to long term, offering 27 lines of financing.
ECONOMIC DEVELOPMENT FUND: Provides direct loans to entrepreneurs from small and medium-sized enterprises in order to promote the development of viable and profitable projects in the country's productive sectors by offering 36 lines of financing for investment projects in productive activities for credit of Short, medium and long term.
SALVADORAN FUND OF GUARANTEES: Facilitates the access to credit to micro, small and medium enterprises that, having a good project, do not have the sufficient guarantees normally required by financial institutions. The FSG serves as collateral to reduce the risk of the Financial Intermediaria.