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(opens in a new tab)El Salvador
(opens in a new tab)Mi Banco
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Other LenderMicrofinance Bank
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Go to Website (opens in a new tab)About Mi Banco
Mi Banco is a commercial bank in El Salvador focused primarily on providing financial services to micro, small, and medium-sized enterprises (MSMEs), as well as individuals. It plays a key role in financial inclusion by targeting entrepreneurs, small business owners, and low- to middle-income customers who may not be fully served by larger traditional banks. The bank offers a mix of business loans, personal credit, savings products, and financial advisory services, with an emphasis on supporting productive sectors such as commerce, agriculture, and services.
Amount
EC$500 - EC$20,000
Tenor
500 - 20000 months
Min. approval time
24 hrs
Countries
Created on
April 2026
Last updated
April 2026
Requirements
The basic requirements to apply for a loan on Mi Banco include:
- • Valid ID: Applicant must provide a government-issued identification document.
- • Tax identification: A valid tax number (NIT) must be submitted.
- • Proof of address: A recent utility bill or similar document must be provided.
- • Proof of income: Payslips, bank statements, or business income records must be submitted.
- • Business documentation: For business loans, applicant must provide business registration documents and proof of operations.
- • Financial statements: SMEs may be required to submit financial statements or cash flow records.
- • Credit history: Applicant must undergo credit bureau checks and internal credit assessment.
How to Apply
To apply for a loan with Mi Banco, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
Contact
Support Number
+50 3222 2777
Website
Facebook Url
