Credicomer, Savings and Loan Company is a new issuer on the Salvadoran Stock Exchange (BVES). This week it made its first release totaling $2 million, reported ElSalvador.com.
This issue is part of the Papel Bursátil program, which will total $20 million. Credicomer will use the funds for growth in the area of micro, small and medium enterprises in El Salvador.
"Diversification and the financing conditions that we will get through the issue at the exchange is a fundamental pillar in the development strategy and strengthening of Credicomer, ensuring access to an efficient source of working capital will enable us to strengthen and expand our operations in the short and medium term," said Roger M. Avilez, vice president of Credicomer.
Located Ramal Villa Lucre along Corredor Norte, next to the succesful Villa Lucre development at $180/M2 or $16.72/SF. Total area of property 12,613 m2 or 135,766.33 square feet (3.17 acres). The property has a frontage to the ramal of Villa...