We boost self-sustainable economic and social development for disadvantaged people through Responsible Finance for productive activities
We create social and economic development opportunities, sustainable and inclusive through Responsible Finance for productive activities
We are working towards a better future for disadvantaged people, spreading wealth at the base of the pyramid.
The BBVA Microfinance Foundation is a non-profit institution created by the BBVA Group in May 2007 as part of its corporate social responsibility (CSR) strategy, and it focuses its activity on financial inclusion. The Foundation is part of BBVA’s aim to link its community involvement projects with activity in the financial sector wherever possible, specifically in the fight against financial exclusion.
The Foundation’s objective is to promote the inclusive and sustainable economic and social development of disadvantaged people by giving them access to Responsible Finance for productive activities, speciality and the methodology of the Foundation. With the backing of a banking institution that has been in the business for more than 150 years, the BBVA Microfinance Foundation is dedicated to helping disadvantaged communities in a completely philanthropic way.
The BBVA Microfinance Foundation is completely autonomous, as much as in legal terms, corporate governance and management. It invests its budget on the creation and consolidation of microfinance institutions in Latin America. Any profits made by them are reinvested in the Foundation’s own activity, and no money goes back to BBVA. This is expressly stated in the Foundation’s bylaws, which safeguards all the funds for the mission and the Foundation’s objectives, thus guaranteeing that the institution will always dedicate its activity to this end.