BBVA Microfinance Foundation

The BBVA Microfinance Foundation (BBVAMF) was established in 2007 by BBVA. The foundation operates independently from the BBVA Group while benefiting from its extensive professional banking experience. In more than 12 years of activity, the BBVAMF has observed that providing adequate financial products and services to excluded and low-income entrepreneurs is key to generating sustainable development and mitigating poverty.

The BBVAMF aims to promote sustainable development through productive finance for people living in vulnerable conditions. This includes providing financial services, training and advice so that people in vulnerable conditions can benefit from the net income derived from their productive activities. Furthermore, the BBVAMF has a social impact assessment system to monitor the progress of the low-income entrepreneurs it serves and to analyse the improvements within households, which also benefits communities. In addition, the BBVAMF undertakes activities to transform the microfinance sector, particularly in human capital, women’s empowerment, sustainability, impact assessment, innovation, the regulatory and supervisory environment, and corporate governance. The foundation operates through its microfinance institutions located in five Latin American countries.

The BBVA Microfinance Foundation provided USD 1.1 billion for development in 2021 through its lending to entrepreneurs in Latin America and the Caribbean. Compared to 2020, this amount represents an increase of 11.3% in real terms.

In 2021, the BBVA Microfinance Foundation’s allocated its finance to Peru (USD 621.7 million), Colombia (USD 334.6 million), Dominican Republic (USD 117.2 million) and Panama (USD 19.5 million).

In 2021, more than three-quarters of the BBVA Microfinance Foundation’s lending was allocated to production sectors. Investments in this area accounted for 79.8% of its development finance (USD 872.2 million). Contributions to economic infrastructure and services totalled USD 188.3 million (17.2%).

In 2021, the BBVA Microfinance Foundation committed the largest shares of its contributions to the goals of no poverty (SDG 1), decent work and economic growth (SDG 8), reduced inequalities (SDG 10) and partnerships for the goals (SDG 17) of the United Nations 2030 Agenda.

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The methodological notes provide further details on the definitions and statistical methodologies applied, including core and earmarked contributions to multilateral organisations, the Sustainable Development Goal focus of private development finance, channels of delivery, unspecified/unallocated allocations, the gender equality policy marker, and the environment markers.

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