Finamerica's mission is to become the best Microfinance Institution and to contribute to the sustainable development in Colombia.
Background and Main Challenges:
After the bankrupcy of CORPOSOL, the main shareholder Finansol decided to re-structure the company and in 1997, became Finamerica with a new status. The new administration had the challenge to redefine the institution's strategies and recover the portfolio. In 1997, FINAMERICA re-opened credit ... Read more
After the bankrupcy of CORPOSOL, the main shareholder Finansol decided to re-structure the company and in 1997, became Finamerica with a new status. The new administration had the challenge to redefine the institution's strategies and recover the portfolio. In 1997, FINAMERICA re-opened credit services and increased its portfolio. By 1998 Finamerica had an efficient administration system and provided microentrepreneurs with appropriate products. In 1999, Finamerica initiated a process of capitalization by selling shares and obtaining USD 2 million. In the year 2000, Finamerica, diversified its products and portfolio and increased its number of clients. Today, Fiamerica has 16,000 clients. Its main challenge is to become the leader of the microfinance market in Colombia and Latin America. Hide
Address:
CALLE 16 No. 6 - 66 Piso 4 Edificio Avianca
Bogotá
Colombia
Phone:
(571) 286-8609
Fax:
(571) 286-4040
Email:
financiera [at] finamerica [dot] com [dot] co
Products and Services:
Loans
Voluntary Savings
Products:
Products: - Individual and solidarity groups loans; Microcredit loans for: working capital and fix assets with minimum amounts of USD 43 and maximum USD 1,300. Loan terms range from 96 days to 36 month and interest rates are 2.6 % monthly. Small and Medium loans for working capital ... Read more
Products: - Individual and solidarity groups loans; Microcredit loans for: working capital and fix assets with minimum amounts of USD 43 and maximum USD 1,300. Loan terms range from 96 days to 36 month and interest rates are 2.6 % monthly. Small and Medium loans for working capital and fix assets with minimum amounts of USD 8,000 and maximum amounts of USD 87,000. Loan terms range from 1 year to 5 years. The interest rate is 2.6 % monthly. The clients are generally micro and small entrepreneurs involved in agriculture, commerce, industries, etc. Hide
MFI Report
