The partnership will help engage organizations that seek greater social impact on low-income entrepreneurs served by BBVA Microfinance Foundation in Latin America
The BBVA Microfinance Foundation and ICEX España Exportación e Inversiones signed a collaborative agreement to develop inclusive and sustainable businesses, integrating elements in the value chain like vulnerable groups as clients, products and services providers, distributors or employees, generating a higher standard of living for them. This partnership is framed within the IMPACT + program, launched by ICEX, a public entity affiliated in 2017 with the Ministry of Industry, Commerce and Tourism. It aims to simultaneously transform sustainability, innovation and partnerships into tools for internationalization and inclusion.
The partnership will help engage organizations that seek greater social impact on low-income entrepreneurs served by BBVA Microfinance Foundation in Latin America. Furthermore, the institutions within the BBVAMF Group will participate in the activities organized by ÏCEX in their respective countries to delve into designing business models that are innovative and responsive to the sustainable development challenges.
Managing director for ICEX, María Peña, reiterated the importance of the private sector as a catalyst for development, beyond its traditional role as funder, “Sustainable development raises global challenges that also demand a global response from governments, companies and the civil society. Because of this, ICEX has aligned with the 2030 Agenda, to place opportunity and responsibility at the core of the company’s business strategy, with the innovation as the vehicle and differentiating factor for competitiveness for organizations in the international market.”
For its part, BBVAMF’s CEO, Javier M. Flores, echoed both institutions’ commitment to the Sustainable Development Goals and strategic partnerships to accelerate its fulfillment. According to him, the Foundation, which has been working for more than 10 years guaranteeing equal opportunities through financial inclusion, “promotes partnerships with organizations that are also committed to sustainable development, to reach more people and have a higher social impact.”