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Microfinance Foundation

12 Jul 2018

BBVA CEO Carlos Torres Vila got a first-hand glimpse into the level of progress that the BBVA Microfinance Foundation’s digital strategy is enabling. Bancamía, the Foundation’s lending arm in the country, is managing to reach more and more customers who, until recently, had struggled to access financing as a result of the digital divide. BBVA’s CEO learned about two of the entrepreneurs backed by the institution and how microcredits have afforded them new opportunities to pursue a brighter future.

22 May 2018

28 Mar 2018

Garanti Bank has taken the opportunity before the United Nations to present its ongoing efforts in the global engagement against gender-based violence. Garanti’s campaign against this societal anathema is coordinated by the Turkish bank’s Talent & Culture Department, with the bank’s “Good Practice” report presented on March 19 of this year before the 62nd Session of United Nations Commission on the Status of Women (62nd CSW) within the scope of the Business against Domestic Violence (BADV) project.

08 Mar 2018

Astrid, Adelaida and Arancha are three very different women. They live thousands of miles apart. In different countries, different continents. Their work is also completely unrelated: livestock breeding in Colombia, a store in Panama and mobile app development in Spain. However, there is one thing that these three women have in common: all of them, at one point in their lives, decided to start their own businesses to support their families or make an idea come true. The three also think that, in their case, being a woman worked more to their advantage than against it. We brought them together so that they could share their story with us.

06 Mar 2018

“New York is overrated. What I’m drawn to is Hong Kong, Thailand and the Moroccan desert”. That’s Jessica Hernández’s take on things. Jessica is 28 and lives in Soacha, a modest town in the outskirts of Bogota. She travelled to New York to tell her story to the UN and there she met another fearless girl in the shape of Kristen Visbal’s sculpture, which since March 8 has been locking horns with the bull on Wall Street.

24 Jan 2018

BBVA has been selected to join the Bloomberg Gender Equality Index 2018, which recognizes companies’ achievements in gender equality policies, both regarding their employees and in support of social initiatives, along with their offering of products and services that prioritize this commitment. Garanti Bank, part of the BBVA Group, has also been included in the index.

17 Jul 2017

Cell phones have become an indispensable element or our lives. The small screen that holds hundreds of applications and resources for work or play facilitates our day-to-day life. And, in developing countries, the cell phone can be a powerful tool for improving the health, education or the income of the poorest people.

16 Jun 2017

BBVA CEO Carlos Torres Vila saw the BBVA Microfinance Foundation’s (FMBBVA) work in Peru first-hand through Financiera Confianza. To do so, he went to one of the most underprivileged  places in Lima, where he visited with several entrepreneurs – all women – who have found an opportunity to improve their quality of live and contribute to the economic development of their family and community thanks to microcredit.

29 May 2017

08 Mar 2017

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Almost seventy years since it was first recognized as a universal right, in 1948, gender equality is still far from being a done deal. Indeed, despite representing 50% of the labor workforce, women are responsible for just 37% of the world’s GDP. According to the World Economic Forum, a series of measures are expedited, economic gender equality will not be achieved for another 170 years.

23 Feb 2017

Thirty years ago, microfinance revolutionized the market with affordable loans for the disadvantaged. Until then, the most vulnerable population segments were left out on the fringes of the financial system, and had no way of accessing credit. Today, with 2 billion adults still unbanked, new technologies are emerging with the potential to reach more people at a lower cost. But this opportunity is having a challenging impact on the current microfinance model, which was built on the pillars of personal relations and trust.

06 Feb 2017

29 Dec 2016

14 Dec 2016

02 Dec 2016

Everyone should have access to basic financial services by 2020. This goal, set by the World Bank, aims to combat the financial exclusion that impacts two billion people. Several organizations from the public and private sector, including BBVA Microfinance Foundation, have signed the Universal Financial Access 2020 (UFA), committing to meet this deadline.

Having a bank account is the first step to access basic financial services, such as loans or insurance, which help underprivileged families to receive essential services like water, electricity, housing, education or healthcare. It also allows small and medium sized businesses to grow, expand operations and improve risk management.

19 Nov 2016

“It is really moving to see this type of initiatives and how a Foundation like ours can do so much in favor of society. These people have access to loan facilities, but they manage to move forward thanks to their own efforts and will to fight. Their work is spectacular and we are already seeing progress in future generations; their kids and grandchildren go to school and many even make it to college. For me, it has been an incredible visit,” said Francisco González during his visit to some of the projects supported by the BBVA Microfinance Foundation (BBVAMF) in Soacha, a city just outside of Bogota (Colombia).

16 Nov 2016

Javier M. Flores, CEO of the BBVA Microfinance Foundation, renewed the foundation’s commitment with the Sustainable Development Goals Fund until 2019. During the session held at the headquarters of United Nations, the SDG Fund also presented the report “Universality and the SDGs: A Business Perspective”. This publication examines some of the key issues facing companies when incorporating and implementing the SDGs within their core strategy.

20 Oct 2016

17 Oct 2016

04 Aug 2016

28 Jul 2016

A simple cell phone can make a huge difference in the lives of the billions of people who live in the world’s least developed countries. There, apps aren’t only resources for work and entertainment, but tools to improve the health, security and income of the poorest.

08 Jul 2016

10 Jun 2016

With the aim of reinforcing financial inclusion and the fight against poverty, Financiera Confianza – an entity of BBVA Microfinance Foundation – was formed in Peru. The results so far are very significant and most of its success derives from its clear mission: to promote the sustainable development of the most disadvantaged groups through responsible and productive finance. In other words, in keeping with BBVA’s purpose, Confianza seeks to place the opportunities of this new era within reach of everyone.

11 Apr 2016

05 Apr 2016

02 Mar 2016