All News and Announcements
Nubank Secures Loan of up to $150 Million From IFC to Strengthen Its Operation and Expand Access to Financial Services in Colombia
The new loan will increase access to payment systems for Colombians, in addition to promoting greater competition in the industry in favor of consumers.
Colombia Is in Talks With Brazil to Implement the Pix Payment System
Colombia is looking to minimize the use of cash in the country and boost the financial inclusion of its most vulnerable citizens.
ABC Fund Lends $3M to Finamiga to Fund 5K Vehicle, Agricultural Loans for Women in Colombia
Finamiga plans to use the wholesale loan to fund 4,000 retail agricultural loans and 1,000 motorcycle loans.
ABC Fund Provides $3M to Microfinance Lending Initiatives in Colombia
The lending brings the Fund’s total number of investments to 23 firms globally, as it continues its goal to enhance the everyday lives and livelihoods of smallholder farmers while increasing opportunities for women and younger individuals.
Mi Siembra Segura: Parametric Insurance to Protect Vulnerable Rural Communities in Colombia, With UNDP
The UNDP's RRF2 program aims to support rural organizations made up of a vulnerable populations.
QR Codes Turn Colombia's Cash-Centric Consumers Digital
A recent report found 86 percent of consumers in Colombia — approximately 1.6 million individuals — who had never had a bank account signed up for one between April and November 2020.
Symbiotics Launches $10,5M Social Bond With La Hipotecaria Colombia
The proceeds of the Social Bond will be used to finance access to financing services, with its eligible subcategories: affordable housing and household financing.
Banco W Issuing $40M “Social Bond,” Funded by IDB Invest to Promote Gender Equity in Colombia via Microfinance
The funds are slated to reach 25,000 female-led microenterprises and support the “development of the capital markets and thematic bonds in Colombia.”
Bancamía and IFC Sign Cooperation Agreement to Develop Financial Products and Services for Venezuelan Migrants in Colombia
The cooperation aims to strengthen the offer of financial products and services to Venezuelan migrants, especially women, with the aim of helping them successfully integrate into the country's social and economic dynamics.
Colombia: IFC $100M Loan to Davivienda Supports Women-owned SMEs, Housing, Agribusiness
The loan will boost the bank’s ability to increase its lending for low-income housing, women-owned small and medium enterprises, and sustainable agribusiness projects in the country.