The Agricultural Development Bank (BFA) announced that it disbursed a total of $206.7 million in loans in 2024, reaffirming its commitment to promoting sustainability and inclusiveness within El Salvador’s rural sector. According to the bank’s 2024 annual report, 29,861 loans were distributed, benefiting sectors such as agriculture, SMEs, micro-enterprises, and personal loans.

Of the total disbursed loans, 46% were allocated to the agricultural sector, which supports farmers in areas such as basic grains, vegetables, livestock, and more. Loans to SMEs and micro-enterprises made up 33% and 14%, respectively, providing vital funding for working capital, investment, and debt management.

The BFA also reported a significant increase in its client base, with 37,131 active loans by the end of 2024, including 20,854 from rural areas. In addition, 4,732 new clients were financed, 2,568 clients were successfully banked, and 102,402 clients were digitalized.

The bank’s deposit portfolio reached $368.5 million, with 181,816 accounts. It offers various products such as savings, current, and term deposit accounts, as well as innovative options like the “Fomentito” Children’s Account and “Grow with Us” accounts.

With $496.3 million in total assets and $68.1 million in equity, the BFA continues to focus on providing comprehensive and sustainable financial solutions. The bank’s operations extend beyond El Salvador, with five computer kiosks in the U.S., and a nationwide presence through 29 branches, rural banks, express banks, and ATMs.

The BFA remains a key player in fostering business growth, financial inclusion, and food sovereignty in El Salvador’s rural areas.