{"id":3903,"date":"2005-01-23T10:18:44","date_gmt":"2005-01-23T09:18:44","guid":{"rendered":"https:\/\/philea.coop\/?p=3903"},"modified":"2024-02-09T12:16:07","modified_gmt":"2024-02-09T11:16:07","slug":"confianza-sa","status":"publish","type":"post","link":"https:\/\/philea.coop\/en\/confianza-sa\/","title":{"rendered":"Confianza SA"},"content":{"rendered":"
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Member since 2005<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Credit USD 300'000<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Confianza LLC is the holding company of the AMC group which represents several MFIs in El Salvador, Honduras, Nicaragua, Guatemala, the United States as well as a security company in El Salvador.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Project description<\/h3>

Active since 2012, Confianza LLC's main shareholder is the ADEL Morazan Foundation, a non-profit and apolitical organization, created in 1993 by different economic and grassroots organizations, with the support of the central government, local authorities and UNDP in El Salvador. Its mission is to improve access to financial services for microenterprises in Central America, through investments in its subsidiaries. The Chairman of the Board of Directors was a member of Philea\u2019s Board of Directors from 2012 to 2022.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Challenges & perspectives<\/h3>\n

Strengthen the technical assistance provided to its subsidiaries. Manage resources to support the growth of its subsidiaries' portfolio. Promote capital investments with the aim of developing the microfinance industry in the region.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Key figures<\/h3>

Total assets:<\/strong> USD 12’869\u2019523
Equity:<\/strong> USD 7’397\u2019250
Turnover:<\/strong> USD 1’327\u2019653
Net result:<\/strong> USD 1’072\u2019947
Number of beneficiaries:<\/strong>
Women 9\u2019238
Men 7\u2019527<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Philea\u2019s Intervention<\/h3>

Purpose\/purpose of funding:<\/strong>
working capital for AMC Honduras.
Disbursement:<\/strong> June 2021
Loan size:<\/strong> USD 300’000
Outstanding (Dec. 2023):<\/strong> USD 100’000
Guarantee:<\/strong> portfolio (120%)
Repayment:<\/strong> according to schedule<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Usefull data<\/h3>

Country:<\/strong> El Salvador
Head office:<\/strong> San Miguel
Philea member since:<\/strong> 2005
Web site<\/a><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Impacts<\/h3>

Financing microenterprises and young entrepreneurs through the MEGA program (Mecanismo de Garant\u00eda para Acceso al Cr\u00e9dito).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Member since 2005<\/p>","protected":false},"author":2,"featured_media":4420,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","iawp_total_views":1,"footnotes":""},"categories":[25],"tags":[32],"class_list":["post-3903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-institutions-de-microfinance","tag-el-salvador"],"acf":[],"_links":{"self":[{"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/posts\/3903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/comments?post=3903"}],"version-history":[{"count":0,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/posts\/3903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/media\/4420"}],"wp:attachment":[{"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/media?parent=3903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/categories?post=3903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/tags?post=3903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}