AMC - ADEL Morazán

Strengthening of the AMC cooperative microfinance institution (El Salvador). With a view to its continued expansion, the AMC microfinance institution (MFI) has decided to transform itself into a regulated company under the Act of Cooperative Banks and Savings and Credit Companies.

AMC is embedded in a very broad and strong social movement (Adel Morazan) that guarantees the social mission of this MFI (development of micro and small enterprises, emancipation of women, development of professional associations, social inclusion, etc.).

AMC is a rather solid MFI that has largely achieved its operational independence, but which must cope in particular with a number of growth problems. It has 18 agencies spread throughout the country and 168 employees. Number of clients: 15.000, of whom 57% are women.

BRS will support and guide AMC over the next 3 years with coaching and advice concerning savings products, risk management, human resources.

Strategic governance exercice in 2018 for ADEL Morazán (shareholder and strategic partner), building upon the cooperative principles.

Furthermore, in 2019 the management and board of AMC could count on coaching from BRS in the restructuring of AMC. BRS also organised a Management Training in Belgium.

BRS Microfinance Coop granted a loan to AMC. BRS Microfinance Coop is a cooperative investing by way of loans or capital injection in specialist microfinance organisations in Africa, Latin America and Asia