2024-10-23 02:44:00
Fedecrédito System emphasized the importance of World Savings Day as an opportunity to reflect on the need to manage money effectively and responsibly.
Photo: SF.
The Liberty. This Tuesday, October 22, the Fedecrédito System held another edition of the World Savings Day Conference, a framework in which various experts emphasized savings and financial education as a key element of business success.
Since 2019, the celebration has taken place in which business people of different levels and positions, as well as students and the media, participate; Ricardo Monterrosa, director of Junior Achievement El Salvador, one of the speakers, spoke about good cash flow management as an essential tool for micro and small business growth.
But he warned that there is still a lack of education and financial savings, to the extent that there is a fear of setting a salary when starting a business because there is no main tool, which is cash, which becomes the main fuel , for example. that must be done to grow and know how to manage it.
Other experts spoke on “The importance of savings for SMEs“, which showed how savings become a vital resource for this sector.
In that context, the Fedecrédito System emphasized the importance of World Savings Day as an opportunity to reflect on the need to manage money effectively and responsibly.
For this reason, it is particularly interested in offering products and services focused on savings such as the Traditional Savings Account, the Children’s Savings Account, the Registered Savings Account, as well as the option to contract a Term Deposit, all exclusive to members.
In addition, it has created other options to save with more accessible open amounts yet focused on items with specific characteristics.
In order to achieve the objective of banking all Salvadorans, the Fedecrédito System has placed a particular interest in expanding its coverage.
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