Bancamia II

completed

Bancamia, a micro finance institution, was created in 2008 as a joint venture between Corporación Mundial de la Mujer de Medellín, Corporación Mundial de la Mujer Colombia and Fundacion Microfinanzas BBVA. The proposed project is part of IFC’s support to Bancamia’s transformation process from an NGO to a bank, in order to increase access to finance to micro enterprises, low and middle income segments, rural populations, and women. The project has been designed as a blend of advisory services, equity and debt, where IFC is acting as an advisor and partner geared at facilitating the growth of the Bank. The investment is aimed at supporting the Bank’s growth strategy. The funds will finance micro entrepreneurs and low income segments in frontier regions and small and medium sized municipalities, where commercial banks are not present.