The project in El Salvador is intended to contribute to financial inclusion in the country through its long-standing cooperation with FEDECACES (Federation of Savings and Credit Cooperatives), focusing on financial education, improved financial services and the continuous expansion of service points in the country.
Unfortunately, in El Salvador the various cooperative sectors haven´t worked in close cooperation so far. The DGRV’s new cooperation with the federation FEDECOOPADES from the agricultural sector and FEDECACES from the financial sector is intended to strengthen an inter-sectoral exchange and promote the creation of new networks.
The advisory and training activities of the project contribute to the institutional strengthening of the federations as well as the professionalization of the employees of FEDECACES and FEDECOOPADES. Here, special attention is paid to the promotion of SCC and agricultural cooperatives, as their members, mostly small and micro-producers as well as marginalized groups and those threatened by displacement, should also benefit from the project measures. Through special training programs for financial education, the MSMEs and members of the SCC or agricultural cooperatives are reached as a direct target group. As in particular agricultural cooperatives and their members often have weak governance structures, the advisory activities of DGRV also aim to create a functioning supervisory board and established committees, such as credit, training or women’s committees.
Pursuing the goal of integrating SCC in banking supervision, DGRV punctually collaborates with representatives of the government and the central bank in El Salvador.
Cooperative insurance services and renewable energies cooperatives are also promoted.
The principal activities of DGRV’s project in El Salvador can be summarized across sectors with the following topics:
FEDECACES is a cooperative association with 28 member cooperatives and more than 115 affiliated branches serving different sectors of the Salvadoran population.
FEDECOOPADES has existed for the last 40 years and offers various services to the 12 affiliated cooperatives and also represents them in their economic, social and political interests.
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