Changed
18 November 2020
Microfinance & Development - Bancoldex
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PROJECT PRESENTATION
Improving the quality of microfinance addresses the impact on financial inclusion, sustainability, employment and opportunities for Colombia. Bancóldex, national business development bank, has developed market conditions to improve the quality of life of Colombians and provide opportunities to the most vulnerable.
In 2000 Microfinance Institutions (MFI) had limited access to financing, hence in the last 15 years Bancóldex has improved its financial offer and credit conditions to support MSMEs owners, achieving larger social impacts on specific vulnerable population: armed conflict victims, women entrepreneurs and rural businesses in Colombia.
Bancóldex built a strong network of MFI and developed a credit mechanism that allows channeling financial resources to this population.
PRESENTATION OF THE ORGANIZATION
Bancóldex is the Colombian development bank focused on promoting business growth and foreign trade. It has strengthened its role by offering businesses financial and non-financial services focused on knowledge and information dedicated to understanding the needs of Colombian companies. It promotes strong business dynamics in Colombian regions in order to develop more competitive and sustainable environments.
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