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Banco FIE, Banco para el Fomento a Iniciativas Económicas SA - Committed to financial inclusion in Bolivia

Banco FIE, Banco para el Fomento a Iniciativas Económicas SA

Committed to financial inclusion in Bolivia

Bolivia

Equity

Partners in which Oikocredit has taken an equity investment.

Banco para el Fomento a Iniciativas Económicas SA (Banco Fie) is one of Latin America’s most well-respected providers of inclusive financial services.

Banco Fie manages a loan portfolio with national coverage in both urban and rural areas of Bolivia. Almost half of Banco Fie’s clients are women and the bank’s products include microcredit loans for small-scale entrepreneurs and agribusiness.

Banco Fie began operations in 1985 as an NGO with a social mission focused on meeting the financial demands of people lacking proper access to financial services. In 1998 it became a regulated entity and then in 2010 received its banking license.

Today Banco Fie operates as a full-service bank, maintaining its commitment to promoting financial inclusion in Bolivia.

The bank has won numerous national and international awards for its microcredit services, transparency, social performance and outreach. Banco Fie is also a member of the Global Alliance for Banking on Values.

Banco Fie has been an Oikocredit partner since 1996.

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