{"id":11905,"date":"2017-07-05T20:22:32","date_gmt":"2017-07-05T18:22:32","guid":{"rendered":"http:\/\/www.fundacionmicrofinanzasbbva.org\/en\/?p=11905"},"modified":"2017-07-18T19:33:37","modified_gmt":"2017-07-18T17:33:37","slug":"more-than-80-of-entrepreneurs-from-the-bbva-microfinance-foundation-in-chile-are-women","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/more-than-80-of-entrepreneurs-from-the-bbva-microfinance-foundation-in-chile-are-women\/","title":{"rendered":"More than 80% of entrepreneurs from the BBVA Microfinance Foundation in Chile are women"},"content":{"rendered":"

In a country where microentrepreneurs represent a quarter of the labor force, the BBVA Microfinance Foundation<\/strong> promotes the economic and social development of more than 120,000 vulnerable entrepreneurs. According to a study by BBVA Research<\/strong>, Reality of Microfinance in Chile<\/em>, enterprising is a key factor to create opportunities in areas where formal employment is scarce.<\/p>\n

Through its two entities in the country, Fondo Esperanza<\/strong><\/a> and Emprende Microfinanzas<\/strong><\/a>, BBVAMF facilitates the financial inclusion of thousands of people who search for an opportunity to have their own businesses. According to Pablo Coloma, managing director of Emprende, during the presentation of the Foundation\u2019s report at the BBVA Chile<\/strong> headquarters, \u201cthe country urgently requires more and better financial inclusion for self-employed persons and microentrepreneurs\u201d<\/strong>. That is why, the Foundation\u2019s entities offer not only products such as credits and insurance, they also provide financial training and education.<\/p>\n

“The country urgently requires more and better financial inclusion for self-employed persons and microentrepreneurs\u201d<\/p><\/blockquote>\n

\u201cTo be affiliated with Fondo Esperanza gives us the opportunity to build up our businesses thanks to our training.<\/strong> They take into consideration our enterprise and ability to work, more than our wealth\u201d, declared Miriam, one of the Chilean woman entrepreneurs served by the BBVAMF. By means of the School for Entrepreneurs and economic support, Fondo Esperanza contributes to the success of more than 110,000 entrepreneurs it serves, 83% of them women.<\/strong> Stephanie Garc\u00eda Van Gool, director of BBVAMF\u2019s Impact Assessment, noted that, \u201calthough they run small businesses, Fondo Esperanza\u2019s entrepreneurs achieve high growth rates in sales (43% annually) and surpluses (54% annually),<\/strong> all under the context of an economic slowdown\u201d.<\/p>\n\n\t\t