FMBBVA

The BBVA Microfinance Foundation is a non-profit institution created in 2007 by the BBVA Group within the framework of its Corporate Responsibility program, which aims to promote the sustainable economic and social growth of the most underprivileged people in society, who have no access to conventional financial services, and to whom it offers products and services designed for productive activities. The Foundation is currently present in seven Latin American countries through its nine microfinance institutions: Bancamía (Colombia); Caja Nuestra Gente y Financiera Confianza -currently in a merger process- (Peru); Fondo Esperanza y Emprende Microfinanzas (Chile); Contigo Microfinanzas (Argentina); Corporación para las Microfinanzas (Puerto Rico); Microserfin (Panama); and Banco Adopem (Dominican Republic). Through these institutions, the Foundation serves over 1.2 million people in Latin America and has a direct impact on the lives of 4.5 million people. 60% of the customers are women, and 43% earn less than eight dollars a day. Since its creation in May 2007, the Foundation has granted loans for 2,500 million euros, in aggregate terms, and is currently the number one operator in terms of portfolio and in number of customers (in individual methodology) in Latin America.