COSAVI

What COSAVI does

COSAVI, de R.L. (Cooperativa de Ahorro y Crédito de los Valles) is a privately held Salvadoran savings and credit cooperative founded on March 9, 2012, by 15 founding members, with the stated mission of providing savings and credit access to the unbanked and underbanked populations of El Salvador. The cooperative is regulated by the Superintendencia del Sistema Financiero and operates with a member-owned, democratic governance structure under the slogan 'tu crecimiento es nuestro compromiso' ('your growth is our commitment').

Its product portfolio is organized into three pillars. The savings pillar offers six account types — Ahorro Premium, Ahorro Dinámico, Ahorro Navideño, Depósito a Plazo Fijo, COSAVITO (children), and EDUCOSAVI (education) — with the Premium account paying 3% annual interest on a $5,000 minimum balance. The credit pillar provides four lines: personal loans up to $45,000 with 20-year terms, home-purchase financing up to 90% LTV (85% for used housing) over 30 years, PYME working-capital lines up to 5 years, and an asset-acquisition/debt-relocation line up to 15 years. Complementary services include bill-payment aggregation (Pago a Colectores), family remittances via Western Union/Punto Xpress/Omnisport, and the Black Diamond loyalty card with discounts at 80+ affiliated merchants.

Distribution is anchored by a 9-branch physical network spanning San Salvador (HQ and Escalón), Santa Ana, Santa Elena, Chalatenango, Concepción Quezaltepeque, San Miguel, and Soyapango, supplemented by an online credit application form and social media channels (Facebook, Instagram, YouTube, TikTok) plus WhatsApp for customer service. The cooperative employs 51–100 people, has no disclosed external investors, no parent entity, no AI/ML technology stack, and no patent or award record. Pricing for deposits and interest rates is partially published on a dedicated rates page; revenue is not publicly disclosed.

Name

COSAVI

Legal name

COSAVI, de R.L.

Website

https://cosavi.com.sv

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

COSAVI, de R.L. is a privately held Salvadoran savings and credit cooperative founded in 2012, offering six savings account types, four credit lines (personal, home, PYME, asset acquisition), remittance and bill-payment services to individuals, families, and small businesses through 9 branches across El Salvador.

Ownership category

akta.pro rank

Product category

Cooperative Savings and Credit Services

NAICS

Credit Unions (522130)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Savings accounts
• Credit cooperative
• Personal loans
• Home purchase loans
• Family remittances

Headquarters

HQ city

San Salvador

HQ country

El Salvador

HQ region

Latin America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income from Credit Products: COSAVI generates revenue primarily through interest charged on its various credit products including personal loans, home loans, and PYME loans. The cooperative offers competitive interest rates as a key value proposition.
2. Savings Deposits: Members deposit savings into various account types (Premium, Dynamic, Christmas, Fixed Term, EDUCOSAVI, COSAVITO) and COSAVI utilizes these deposits to fund lending operations.
3. Membership Fees: COSAVI charges membership fees for account opening, particularly for specialized accounts like EDUCOSAVI.
4. Remittance Services: The cooperative facilitates family remittance services, likely generating revenue through transaction fees on money transfers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

COSAVI (COSAVI, de R.L.) is a Salvadoran savings and credit cooperative founded on March 9, 2012, that offers a comprehensive suite of financial products organized around savings accounts (Premium, COSAVITO children's, Dinámico, Navideño, Fixed Term, EDUCOSAVI), credit lines (Personal, Home Purchase, PYME, Asset Acquisition/Debt Refinancing), bill payment services (Pago a Colectores), and family remittances. The cooperative operates 9 physical branches across El Salvador serving individuals, families, and small businesses (PYMEs).

Product overview

COSAVI (Cooperativa de Ahorro y Crédito de los Valles, de R.L.) is a savings and credit cooperative founded in 2012 in El Salvador. The company offers a comprehensive suite of financial products organized around three core pillars: savings accounts, credit products, and payment services. The savings portfolio includes six distinct account types (Ahorro Premium, Ahorro COSAVITO for children, Ahorro Dinámico on-demand account, Ahorro Navideño seasonal savings, Depósito a Plazo Fijo fixed-term deposits, and Ahorro Programado EDUCOSAVI for education). The credit lineup covers four product categories (Crédito Personal for debt consolidation, Crédito para Compra de Vivienda for home purchases, Crédito PYME for small business capital, and Crédito para Adquisición de Activos o Traslado de Deuda for asset acquisition). Complementary services include bill payment (Pago a Colectores), family remittances, and the Black Diamond loyalty card program. The company operates multiple branches across El Salvador including San Salvador, Santa Ana, San Miguel, Santa Elena, Chalatenango, Concepción Quezaltepeque, and Soyapango.

Differentiator

Problem solved

Functional benefit

Brands

• Black Diamond: COSAVI's loyalty program card offering unique benefits and discounts at affiliated merchants throughout El Salvador.

Products and services

• Ahorro Premium (Premium Savings Account)

Quantifiable outcome

• 3% annual interest on Premium savings accounts
• +2 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Western UnioncoreChannel Partner/ Reseller/ DistributorWestern Union remittance service partnership enabling COSAVI members to receive international family remittances at branch locations. COSAVI serves as a distribution point for Western Union transfers.
• Punto XpressminorChannel Partner/ Reseller/ DistributorPunto Xpress remittance service available at COSAVI branches for family remittance reception.
• OmnisportminorChannel Partner/ Reseller/ DistributorOmnisport remittance service partner for family remittance reception at COSAVI locations.
• Superintendencia del Sistema FinancierocoreOthersRegulatory oversight by the Salvadoran Financial System Superintendent, which authorizes valuations and supervises cooperative operations.
• Black Diamond Affiliated MerchantscoreGTM or Marketing PartnerOver 80 affiliated merchants including restaurants (Pavito Criollo, Faisca, Coffee Cup, Garage Burgers), hotels (Real InterContinental, Crowne Plaza, Hotel Oasis Azul), retail (Pollo Campestre, Kolors), health services (Dental clinics, Clínica Natural Spa), fitness (Energym, BodyTek), education (Colegio Salvadoreño Español, Global English), and various retail and service businesses offering exclusive discounts to Black Diamond loyalty cardholders.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Banco Cuscatlán (El Salvador): Major Salvadoran universal bank providing savings accounts, consumer credit, housing loans, and SME financing. Overlaps with COSAVI's full product suite while offering a more developed digital and corporate banking platform.
• Scotiabank El Salvador: Subsidiary of Canadian bank Scotiabank offering retail, commercial, and remittance services in El Salvador. Overlaps with COSAVI on savings, personal credit, and Western Union remittances, but at significantly greater scale and brand recognition.
• Banco Promerica (El Salvador): Regional Central American commercial bank with full Salvadoran operations in retail, SME, and consumer credit. Competes with COSAVI for PYME and salaried-employee borrowers while operating at larger scale.
• Banco Agrícola (El Salvador): Largest commercial bank in El Salvador, offering deposits, lending, and remittances across the country. Directly comparable to COSAVI in serving the Salvadoran retail and SME segments, but at far greater scale and with a broader product portfolio.

Regional players

• Banco Atlántida (El Salvador): Honduran-origin regional bank with Salvadoran operations offering retail banking, savings, and consumer credit. Comparable in customer segments served and product overlap, primarily competing in the same El Salvador retail/SME market.
• Banco Davivienda (El Salvador operations): Colombian-origin bank with Central American footprint including El Salvador, providing retail deposits, consumer credit, and housing loans. Comparable in product mix to COSAVI, with stronger digital channels and parent-group backing.

Direct peers

• Banco Hipotecario de El Salvador: Salvadoran mortgage-focused bank providing long-tenor housing credit in the same market. Closely comparable to COSAVI's housing credit product (up to 90% LTV, 30 years) and competes for the same home-buyer segment.
• Fedecaces: Salvadoran federation of savings and credit cooperatives, the apex body for the cooperative sector including COSAVI. Most directly comparable as a peer organization serving the same member-owned cooperative model in El Salvador.
• Caja de Crédito de San Salvador: Salvadoran credit cooperative operating in the same cooperative-banking model as COSAVI, serving members with savings and credit products. Closest structural peer as another locally regulated cooperative in El Salvador.

Emerging players

• ACOPACTLACU (Cooperativa de Ahorro y Crédito): Salvadoran cooperative providing savings and credit services to a defined membership group. Comparable as a smaller-scale cooperative peer operating under the same Superintendencia del Sistema Financiero regulatory umbrella as COSAVI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LCosavi
• YouTubeyoutube.com/channel/UCZ8WAujUyP3KrhJWN98e_ug
• Facebookfacebook.com/cosavi.com.sv
• Instagraminstagram.com/cosaviderl
• LinkedInlinkedin.com/company/cosavi

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about COSAVI