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Microfinance International partners El Salvador’s Banco Agrícola on remittances

Wednesday, March 30, 2011

Microfinance International Corporation has entered into a strategic partnership with Banco Agrícola, a commercial and consumer bank in El Salvador, to jointly serve transnational families.

The partnership will allow Salvadorians in the US to send money back home at a low cost. Salvadorians will then be able to apply the funds towards financing a home purchase in their home country. Banco Agrícola will pay out remittances sent through Arias, MFIC's money transfer solution, that are originated by US institutions.

Original source: BBR