Divided into four categories — SME Financier of the Year, Best Financier for Women Entrepreneurs, Product Innovation of the Year, and Sustainable Bond of the Year — this recognition acknowledges the impact of financial institutions that empower small and medium-sized enterprises’ (SMEs) inclusion and facilitate their access to products and services.

The BBVA Microfinance Foundation (BBVAMF) has joined the Women Entrepreneurs Finance Code (WE Finance Code) initiative, coordinated by We-Fi, a global alliance housed in the World Bank, which aims to boost financing for women-led or women-owned businesses.

Six students from Colombia and Peru are granted scholarships to cover tuition and academic costs for the young students until they finish their studies.

Latin American ministers and experts on women and development have shared solutions to speed up gender equality in an event organized by the BBVA Microfinance Foundation.

BBVA Microfinance Foundation was chosen among the winning projects for being the most innovative and sustainable of all. More than 500 nominations were assessed for the Award.

The UN Women’s Gender Snapshot 2022 report concludes that over the last decade women’s exclusion from the digital world has deprived low- and middle- income countries of up to $1 trillion of their gross domestic product.

This adherence is supported by the Foundation’s commitment to contribute to the digital inclusion of low-income populations in Latin America.

According to the latest data published by the OECD, Spain is globally the second contributor to development through philanthropic funding.

Queen Letizia joined the Foundation on a videoconference to discuss how COVID-19 is impacting Latin American micro-enterprises and to learn about the measures put in place in the five countries BBVAMF operates.

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.