“The BBVA Microfinance Foundation proposes programs to promote women’s empowerment and to help vulnerable people escape poverty”.
With those words Paloma Durán, Director of the United Nations Sustainable Development Goals (SDGs) Fund, explained in an interview in Club + Renfe how the BBVA Microfinance Foundation contributes to fulfilling the SDGs.
Paloma Durán details that the Fund has a Private Sector Advisory Group made up of institutions committed to complying with the SDGs, which includes the BBVAMF.
The interview also includes a section devoted to the BBVA Microfinance Foundation which highlights that the institution “is working with the SDGs in favor of the objectives of eradicating poverty, economic growth and gender equality”. In addition to its collaboration in “conferences and studies to show concrete experiences of how to contribute to the SDGs”.
That paragraph stresses that the Foundation “is currently working on designing new joint projects” and that “61% of loans in 2015 were granted to vulnerable entrepreneurs, as the poorer the segment of the population is, the more differences and obstacles women must overcome to progress. This Foundation supports 1.7 million entrepreneurs in Latin America with financial services designed to promote their development”.
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