El Salvador programs / El Salvador project 519009401 · 1969–1970
LOAN AND GRANT PROVIDED TO THE EL SALVADOR CREDIT UNION FEDERATION (FEDECACES) TO DEVELOP SELF-SUSTAINING CREDIT UNIONS IN EL SALVADOR. THE LOAN WILL BE USED BY FEDECACES TO EXTEND SUB-LOANS TO ITS MEMBER CREDIT UNIONS. THE CREDIT UNIONS IN TURN WILL EXPAND THEIR SUB-SUB-LOANS TO INDIVIDUAL CREDIT UNION MEMBERS. THE SUB-SUB-LOANS, AVERAGING $200 EACH, WILL INCLUDE; 1. PERSONAL LOANS TO REFINANCE USURER DEBTS, PURCHASE HOUSEHOLD AND PERSONAL EFFECTS, IMPROVE HOUSING, PURCHASE MEDICAL AND DENTAL SERVICES, PAY FOR EDUCATIONAL EXPENSES, AND OTHER PERSONAL EXPENSES; AND 2. FIXED AND WORKING CAPITAL LOANS TO VERY SMALL ENTREPRENEURS, SMALL FARMERS, SHARECROPPERS, ARTISANS, COTTAGE INDUSTRIES, SMALL INDUSTRIES, AND SMALL COMMERCIAL ENTERPRISES. LOANS WILL ALSO BE MADE TO THE CREDIT UNIONS THEMSELVES TO FINANCE ADMINISTRATIVE IMPROVEMENTS, OFFICE SPACE, AND OFFICE EQUIPMENT. GRANT FUNDS WILL PROVIDE TECHNICAL ASSISTANCE TO FEDECACES THROUGH A CONTRACT WITH THE CREDIT UNION NATIONAL ASSOCIATION. GRANT FUNDS WILL ALSO SUPPORT FEDECACES OPERATIONAL COSTS AND PARTICIPANT TRAINING. FEDECACES WILL ALSO PROVIDE TECHNICAL ASSISTANCE AND MANAGEMENT SEMINARS IN ALL ASPECTS OF CREDIT UNION ADMINISTRA
Source: DEC abstract, PD-AAA-783-B1 (1970). The source's own text.
Operated in: El Salvador.
When the program ran, from its start year to the latest document year. A hatched bar means the start is our estimate.
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Operated in El Salvador, 1969 to 1970 2 sources
Scope: country: El Salvador. The award code belongs to this country's mission. High confidence.
How sure we are: 0.9.
| Name | Years | Basis | Evidence |
|---|---|---|---|
| 1969 to 1970 |
| Stated in a document |
| 2 sources |
| Name | Years | Basis | Evidence |
|---|---|---|---|
| El Salvador | 1969 to 1970 | Stated in a document | 2 sources |
Sector profile (computed): Economic opportunity (microenterprise, jobs, skills, poverty reduction) 30%; Financial sector (banks, credit, microfinance, markets) 30%; Transport infrastructure (roads, rail, air, water) 25%
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Program key prj:519009401