Padecomsm

Mission: To provide loans across varying geographical regions affected by the El Salvador Civil War. 

Specialty: Urban and rural loans.

Organization Profile:  Padecomsm was created in 1986 by an organized group of rural associations in Perquín during the Salvadorian Civil War with an aim to improve public education and community development.  For over 20 years in the region of Morazán (located in northern El Salvador), Padecomsm has had a strong presence and provided invaluable training, technical assistance and microfinance services to the rural poor living in the area.  In 1994, Padecomsm obtained its formal registration as a non-government organization (NGO) and by that time, it had established a modest yet effective microfinance program, in addition to other successful social and economic projects executed mainly in the municipalities of Perquín, San Fernando, Torola, Arambala, Jocoaitique, Villa El Rosario, Meanguera, Joateca, Lolotiquillo, Choilanga and Delicias de Concepción.   Padecomsm moved its central office from Perquín to San Francisco Gotera in 2004 in an effort to become more geographically diverse and in December of 2006, Padecomsm formally separated its microfinance component from other non-financial services.  Padecomsm Credit, the new stock-owned microfinance institution, received all assets, liabilities and equity from its parent organization Padecomsm in 2007.  Padecomsm Credit is currently a private, for-profit microfinance institution with Padecomsm acting as one of its main creditors. With its central office now located in San Francisco Gotera, Padecomsm Credit is better able to serve urban clients.  However, Padecomsm continues to service small, rural and poor communities focused on coffee cultivation while simultaneously serving urban communities focused on commerce, small enterprise and industry.

WCCN Partner Since: 2008

Borrowers: Padecomsm provides loans to 3,095 individuals.  Of these borrowers, 55% are women and 45% are men (as of 2010).

Lending Portfolio: Padecomsm has an average loan size of $1,076 with a total lending portfolio of $3,330,753.  Commerce, small enterprise and industry make up 68% of this portfolio, agriculture and livestock 9%, services 20%, and housing 2% (as of 2010).