Video institucional 2015 fundaci n wwb colombia
WWB Colombia is a microfinance institution in Colombia that contributes to improve the quality of life for the lower income population, focusing on women entrepreneurs and their families.
Contents
- Video institucional 2015 fundaci n wwb colombia
- Microcredito fundaci n wwb colombia
- History
- Impact and products
- References
As of March 2009, WWB Colombia has approximately 1.000 employees and a network of 59 branches throughout Colombia. Headquarters are in Cali, Colombia, and Clara Serra de Akerman is the president.
Microcredito fundaci n wwb colombia
History
WWB Colombia - Cali was founded in 1980 by a group of professional and businesswomen in the city of Cali, Colombia.
WWB Colombia was the first entity to grant a micro loan in the country. Today it is one of three main microcredit players in Colombia. It was also the first to affiliate to the Women's World Banking International Network.
It has received financial and technical support from various institutions, including the IDB (Inter-American Development Bank), FOMIN (Multilateral Investment Fund), IFC (International Finance Corporation), GTZ (German Technical Cooperation), CGAP (Consultative Group to Assist the Poor) and CAF (Development Bank of Latin America), among others.
In February 2005, WWB Colombia entered the capital markets with its first bond issuance in the Colombian Stock Exchange. The amount, in two tranches, was $120.000 million (US $52 million). The rating by Duff & Phelps was AA+.
Impact and products
As of December 31, 2008, WWB Colombia had 230.000 current loans. The number of jobs generated by microenterprises funded by WWB Colombia amounted to 280.000.
Through an individual loan methodology based on a computerized information system, WWB Colombia has successfully met the needs of its clients. The institution’s client-base, 67% of which are women, mainly belongs to the 1st, 2nd and 3rd strata of the population (these are the lowest income levels in the social pyramid). This fact confirms the institution’s commitment to work in favor of the women entrepreneurs from the lower-income levels. The clients’ main business activities revolve around production (20%), sales (55%) and services (25%) sectors.
WWB Colombia offers loans starting at US $50. However, the average loan size is US $1.100. Loans are provided through simple procedures and personalized attention. Terms and rates are fixed according to the type of microbusiness, and collateral requirements according to the condition of each micro entrepreneur. 82% of all loans granted by the institution are renewals. WWB Colombia also offers insurances (life and education).