Credicampo has 13 branches and 170 employees in the eastern part of El Salvador, where it is also headquartered in San Miguel. The institution is strongly focused on the rural market; the MFI’s 21,000 customers consist mainly of agricultural producers and rural micro-entrepreneurs. The loan portfolio with an average loan volume of USD 1,700, is mainly divided between the agriculture (30%), residential construction (30%) and retail (14%) sectors.
Despite the still clear focus on the lending business, Credicampo has also been able to establish other products and services on the market in recent years. In addition to the formal channels for migrant remittances and savings options, which are important in a country of emigration like El Salvador, the institution now also offers leasing models, life insurance and mobile banking.
2
El Salvador, Latin America
FRQ6+55 Departamento San Miguel, El Salvador
This marketing communication is for informational purposes only and does not constitute an investment recommendation or advice or an offer to buy or sell fund units.
It is explicitly not directed at natural persons or legal entities whose place of residence or business is subject to a foreign jurisdiction that imposes restrictions on the dissemination of such information, in particular not for US citizens or persons domiciled or permanently resident in the USA.
The only basis for the purchase of fund units are the Key Information Document (KID), the current sales prospectus and the most recently published and audited semi-annual and annual report. A current version of the sales documents in German is available free of charge in paper form from the depositary, the management company and online at www.ipconcept.com.
The investment fund is subject to a risk of increased volatility. No assurance can be given that the investment objectives will be achieved. Information on past performance does not allow any conclusions about future performance. In general, every investment carries the risk of capital loss.
Any performance figures shown are net figures. If an investor wishes to purchase units for €1,000, he must pay €1,025 with an issue premium of 2.5%. The investor may incur securities account costs and other costs (e.g., custody or safekeeping costs), which reduce the performance. The tax treatment depends on the individual circumstances of each investor. An investment is associated with risks. For detailed information on opportunities and risks, please refer to the current sales documents.
The management company may decide to discontinue the arrangements it has made for the distribution of the units of its collective investment undertakings in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU. Further information on investor rights in German can be found on the management company’s website at https://www.ipconcept.com/ipc/de/anlegerinformation.html.
Information on sustainability-related aspects in accordance with EU Regulation 2019/2088 can be found at https://www.ipconcept.com/fs/getdata.php?m=getDoc&id=PSzBxMfcvdrEWZnOaY56.