BANCOVI, Su Banco Cooperativo Visionario

A cooperative committed to the community

El Salvador

ACCOVI, Asociación Cooperativa de Ahorro y Crédito Vicentina de RL, founded in the department of San Vicente, is the first cooperative authorized to operate as a non-banking financial intermediary and to collect deposits. ACCOVI is a regulated cooperative whose financial services include savings accounts, commercial and personal loans, remittance services and insurance products. It is active in the central and north-eastern part of El Salvador.

ACCOVI strongly supports activities that improve the wellbeing of its members, clients and communities. It offers courses on various topics such as cooking, baking and sports activities. It is also actively involved in reforestation and health awareness campaigns.

ACCOVI is one of the most renowned credit providers among small entrepreneurs in El Salvador. The cooperative is aware of the financial needs and demands of micro and small entrepreneurs in the country and support their growth through a financial programme. This sector currently has no access to banking institutions, as they do not offer microcredit and mainly rely on microfinance institutions

ACCOVI has been an Oikocredit partner since 2006.