Activity
We boost the self-sustainable economic and social development of our clients at the base of the pyramid through the productive microfinance provided by an expert non-profit organization with the knowledge needed to transform the microfinance sector.
The BBVA Microfinance Foundation's main line of activity is the creation and consolidation of a group of sustainable microfinance institutions, initially in Latin America, either through of the transformation, reinforcement and development of as corporate entities, or the creation of new institutions. The Foundation fully integrates the new institutions and has key holdings in all of them. It is also responsible for their management.
Since its establishment in May 2007, the Foundation has created the following institutions: the Banco de las Microfinanzas-Bancamía in Colombia; Caja de Ahorro y Crédito Nuestra Gente and Financiera Confianza in Peru; Corporación para las Microfinanzas in Puerto Rico; Emprende Microfinanzas and Fondo Esperanza in Chile; Servicios Microfinancieros in Argentina; and Microserfin in Panama. It is continuing its work to create and develop sustainable microfinance institutions in other countries in the region.
Since its establishment in May 2007, the Foundation has created the following institutions: the Banco de las Microfinanzas-Bancamía in Colombia; Caja de Ahorro y Crédito Nuestra Gente and Financiera Confianza in Peru; Corporación para las Microfinanzas in Puerto Rico; Emprende Microfinanzas and Fondo Esperanza in Chile; Servicios Microfinancieros in Argentina; and Microserfin in Panama. It is continuing its work to create and develop sustainable microfinance institutions in other countries in the region.
This group of integrated and networked institutions collaborate and work towards a common objective: to spread the benefits of productive finance as much as possible among people at the base of the pyramid so that they can undertake productive activities. They share a common corporate culture, a corporate system of governance, common ethical and corporate responsibility guidelines, advanced systems of organization and risk control, and a broad product range, although each maintains its own identity.
As a complementary activity, the Foundation openly and in a non-profit manner develops initiatives that contribute towards the development of the microfinance sector, particularly in the area of improving human capital and good corporate governance. This is done by using a cooperative approach, with strategic alliances with institutions that share similar objectives.
As a complementary activity, the Foundation openly and in a non-profit manner develops initiatives that contribute towards the development of the microfinance sector, particularly in the area of improving human capital and good corporate governance. This is done by using a cooperative approach, with strategic alliances with institutions that share similar objectives.