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Promotion of Savings by Recipients of Government Payments

Sector: Government • Location: El Salvador

Source: Inter-American Development Bank (IADB)

Project
Closed

The project will provide the public access to its conditional cash transfers (not just the LPG subsidy but any kind of social contributions) in a flexible and timely manner, through a savings account easy electronic activation, in which to be held the deposit subsidy, facilitating their delivery and also contributing to the accumulation of savings to meet future needs or achieve a purpose. The pro

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Project Information

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The project “Promotion of Savings by Recipients of Government Payments” is an infrastructure initiative in the Government sector, located in El Salvador. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

Original status

closed

Taiyo status

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Email

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Description

Description

The project will provide the public access to its conditional cash transfers (not just the LPG subsidy but any kind of social contributions) in a flexible and timely manner, through a savings account easy electronic activation, in which to be held the deposit subsidy, facilitating their delivery and also contributing to the accumulation of savings to meet future needs or achieve a purpose. The project involves the accompaniment of the financial education of these customers, contributing to the success of its implementation, ie the use of the product and service delivery through the distribution channels of traditional and non-bank, Mobile Banking and ATMs. This will impact on the banking or financial inclusion of the population still lacks access to savings services, getting future not only have accumulated savings to cover different situations, but also access to credit, this associated with bring banking benefits to families and the economy of the country

Original sub-sector

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Original Currency

USD

Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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