The BBVA Microfinance Foundation’s (BBVAMF) 2024 Impact Report shows that vulnerable entrepreneurs supported by its microfinance institutions employed more than 158,000 people in Colombia, Peru, the Dominican Republic, Chile and Panama in the same year.

The operation will support the company’s ongoing working capital needs, enabling it to provide pre-harvest financing to more than 50,000 farmers across the country.

This deal advances milestones in the mission to tackle one of Latin America’s most pressing challenges—the high failure rate of SMEs due to lack of financing—while expanding Maxxa’s reach across the region.

The financing will be complemented by advisory services from IFC to support Tanner develop an embedded finance strategy to enhance client acquisition through partnerships with non-financial companies.

The package consists of a $10 million loan, a $30 million loan syndicated by Blue Orchard, ResponsAbility and ILX, and a $5 million Trust Loan provided by IFC as the implementing entity for the Managed Co-Lending Portfolio One Planet Program.

The loan will have a five-year tenor and a three-year grace period, helping Banco BICE increase and diversify its long-term financing to support the housing portfolio growth.

This loan aims to strengthen the institution's financial inclusion program, with a specific emphasis on supporting low-income women in Chile.

This paper shares the key challenges, learnings, and overall results from five case studies in Chile and Mexico, uncovering best practices on how to design for and influence financial health.

Aligned with its social purpose and in light of COVID-19’s progress in Latin America, BBVA Microfinance Foundation’s six institutions in five countries in the region have adopted urgent and necessary measures to help its 2.2 million clients cope with this situation.