Consortium advises Integral micro financial in its regulatory approval to start operations

Publication Date:	martes, enero 20, 2009
News Title:	Consortium Centro América Abogados advises Integral micro financial in its regulatory approval to start operations
News Details:
The micro financial Integral, leader of micro credits in El Salvador, obtained the approval of the Superintendencia del Sistema Financiero (regulator) to operate starting January 5th 2009 as a Savings and Loan Entity (S&L), becoming the first microfinance to obtain government authorization to operate as an S&L. This process lasted approximately 6 months. Consortium Centro América Abogados office in El Salvador, through its partner Aquiles Delgado and associates Herbert Silva and Diego Martin provided the legal advice and the certification process until its insertion in the Public Register. The Savings and Loan Integral, S.A. has important partners such as the Salvadoran Foundation Dueñas Herrera; the ACP Peruvian group, leader in microfinance in Perú, the U.S. Group International Action; FUSAI and two investments funds of Swiss and Belgian origin. Emails of lawyers mentioned Aquiles A. Delgado, Partener adelgado@consortiumlegal.com Herbert E. Silva, Associate hsilva@consortiumlegal.com Diego Martín, Associate dmartin@consortiumlegal.com

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