Fedecrédito is a federation of financial cooperatives in El Salvador, established in 1943, and founded on the basis of the German ‘Raiffeisen’ cooperative banking model. The federation leads a network of 55 member cooperatives, which all together form ‘Sistema Fedecrédito’.
The activities of Fedecrédito are focused on serving the needs of micro, small and medium-sized enterprises and low-to-mid income Salvadorians in both rural and urban areas. To date it has the most geographically extensive network in the country, being present in most municipalities.
Financial inclusion is one of the key targets of Fedecrédito, which is evidenced not only by its extensive outreach but also by its continuing investment in new channels, such as mobile and internet banking, to reach the underserved population in the country.