Finsocial

Latin America

Region

91.8

Commitment (MNOK)

Active

Status

Finsocial is an unregulated financial institution that was started 10 years ago. Today the entity counts with 800 employees in 27 offices spread over 20+ provinces in Colombia. Finsocial began as an originator of salary discount loans strictly to public sector pensioners and teachers but since then Finsocial has increased its product offering to include product lines specifically oriented to building entrepreneurial efforts in low-income strata households through strategic alliances. The company has grown its loan portfolio consistently over time and now counts with a total loan portfolio of USDM 175.

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Key information

Sector:
Financial Inclusion
Commitment (MNOK):
91.8
Year:
2022
Region:
Latin America
Country:
Colombia
Domicile:
Colombia
Instrument:
Loans
Status:
Active
Mandate:
Development

Additionality Finsocial

This investment is particularly additional on the following ambitions:

  • Investing in the most capital constrained markets
  • Investing in sectors with high development needs
  • Targeting underserved segments
  • Supporting enterprise improvements

Read more about the investment:

Investment in Colombian Finsocial to reduce economic vulnerability