Finamiga
FINAMIGA was founded in 2014 by local entrepreneurs with the purpose to promote financial inclusion in the Valle del Cauca region before progressively diversifying their services to the North and South of the country.
The institution started by providing loans to finance motorcycles used for business purposes and over the first 4 years of operations it has diversified its offer with products for working capital, house improvement and agriculture.
FINAMIGA’s clients usually receive products instead of cash. For example, with the “Motoamiga” product, the clients receive a motorcycle from a local provider once FINAMIGA has paid for it on behalf of the client. Over time, the institution has maintained a long-term relationship with more than 40,000 Colombian micro-entrepreneurs, by providing a warm, efficient and high quality service.
Today FINAMIGA works with 7,343 clients, 53% of whom are women and 55% from rural areas. The institution is represented through 5 branches and has an average disbursed loan of EUR 787.
To know more about them follow the link: http://www.finamiga.co/
