As part of a consolidation that crosses borders, the Peruvian Federation of Municipal Savings and Credit Banks (FEPCMAC), and the SISTEMA FEDECRÉDITO, organize the second edition of the Microfinance Summit for Latin America and the Caribbean, by its acronym in English SUMMIC 2024, in the city of San Salvador, under the motto “Reinventing Financial Inclusion” in pursuit of a greater goal, with the purpose of exploring and addressing crucial challenges in the current microfinance landscape
The summit will take place from August 21 to 23, 2024 at the Hilton Hotel in San Salvador and constitutes a space for dialogue and reflection on the challenges and opportunities that microfinance institutions in the region currently face.
EI SUMMIC brings together financial leaders from Latin America and the Caribbean to address critical issues in the current context, among them cybersecurity and product development, user experience and risk management, the regulatory environment and corporate governance, as well as gender and green finance.
«As SISTEMA FEDECRÉDITO we feel honored to be the co-organizers of such an important event that will bring together hundreds of financial leaders from different countries in Latin America and the Caribbean, where topics of great interest for microfinance will be addressed. There is no doubt that it will be an unprecedented event in our country that we are proud to be a part of.”commented Macario Armando Rosales Rosa, President and CEO of FEDECRÉDITO.
The importance of these issues intensifies in the post-pandemic context and after significant natural phenomena, as microfinance institutions face the challenge of operating in an economy that demands innovation. This new environment highlights the need to implement more robust security measures and risk control systems.
This event marks the first international edition of the summit, after the successful SUMMIC Lima 2023. The summit is consolidated as an international reference to promote best practices and innovative solutions in the field of microfinance.
For its part, Jorge Solis, president of the FEPCMAC commented that: “SUMMIC El Salvador 2024 represents a unique opportunity to strengthen regional collaboration and jointly address current challenges by promoting the exchange of knowledge and best practices among industry leaders, thus contributing to the strengthening and adaptability of the microfinance sector.”
About FEPCMAC, The Peruvian Federation of Municipal Savings and Credit Banks made up of 11 Municipal Savings and Credit Banks, represents the CMAC System before public and private, national and international organizations, and also promotes the generation of economies of scale, education and financial inclusion through joint projects for the development of new financial products and services.
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