Monifai started operations in El Salvador this month. / courtesy
Monifai, a platform dedicated to online loan grants, announced this month that it will begin operations in El Salvador. The company plans to put his $11 million into the El Salvadoran market by the end of 2023.
Institutions aim to give credit to employees, people receiving remittances, pensioners or independent professionals. He was convinced that his main focus would be women trying to fund the acquisition of inputs and machinery for ventures.
“Our attention is focused on people whose financial needs are not covered by institutions in the traditional financial system,” said Monify CEO Carlos Gutierrez.
Monify is already on the road that has traveled through Central America. For the past two years, the company has been providing loans in Costa Rica through his platform online. In that country, she found that 47% of female entrepreneurs requested loans to purchase inputs.
Through a statement, the company, which is a member of the international group “YNV Grupo”, explained that it will target people over the age of 21, those who present proof of income above $350 per month, and Salvadorans or residents of the country. . It’s a credit.
Loans can be requested from $300 to $15,000 via the website monifai.com/sv/contactanos.
“Monifai provides access to professional financial solutions that support the growing needs of the people of El Salvador by providing a completely secure, personalized, innovative and transformative experience. ,” Gutiérrez said.
The agency has also set up an office in El Salvador to ensure that people can get closer and get advice.
Monifai expects to create around 70 jobs in El Salvador.