We nurture the sustainable and inclusive economic and social development of disadvantaged people in society who are engaged in productive activities.
“Responsible Productive Finance”
Client-facing model, promoting their sustainable development through the surpluses generated by their productive activities.
In May 2007, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) set up the non-profit organisation BBVA Microfinance Foundation (BBVAMF), created within its corporate social responsibility framework, for the purpose of promoting sustainable and inclusive economic and social development for vulnerable people by using Responsible Productive Finance, the Foundation’s own specialty and methodology. To this end, it donated USD 300 million to the Foundation, while making available all the professional experience of an institution that has been in banking for nearly 160 years.
BBVA Microfinance Foundation is entirely independent from the BBVA Group; it has its own legal personality and is governed and managed separately, investing its endowment in creating and consolidating a group of microfinance institutions in Latin America, the profits from which revert to the Foundation’s own operations, with no financial return for BBVA.
Now celebrating its 10th anniversary, the Foundation has on its “balance sheet” the fact that it has supported over five million vulnerable people in Latin America, creating development opportunities and better living conditions, becoming one of the philanthropic institutions with the greatest social impact in Latin America, and the largest operator with its own methodology in the region, a methodology which puts individual relationships with micro-entrepreneurs at its core in order to support them as they generate economic surpluses that are sustainable over time.