{"id":26457,"date":"2019-07-24T09:42:06","date_gmt":"2019-07-24T07:42:06","guid":{"rendered":"http:\/\/www.fundacionmicrofinanzasbbva.org\/en\/34-los-emprendedores-sale-la-pobreza-los-dos-anos-la-fundacion-microfinanzas-bbva\/"},"modified":"2019-12-04T12:29:16","modified_gmt":"2019-12-04T11:29:16","slug":"34-los-emprendedores-sale-la-pobreza-los-dos-anos-la-fundacion-microfinanzas-bbva","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/34-los-emprendedores-sale-la-pobreza-los-dos-anos-la-fundacion-microfinanzas-bbva\/","title":{"rendered":"34% of the entrepreneurs served by the BBVA Microfinance Foundation abandon poverty after two years"},"content":{"rendered":"<p>BBVA Microfinance Foundation (BBVAMF) institutions supported <strong>more than 270,000 new clients in 2018, and now serve over 2 million entrepreneurs in five Latin-American countries.<\/strong> This is one of the figures in the <a href=\"http:\/\/www.fundacionmicrofinanzasbbva.org\/en\/informes\/2018\/\">2018 Social Performance Report<\/a>, recently presented in the Dominican Republic, Colombia, Peru and Chile. This report shows how the Foundation\u2019s entrepreneurs get ahead <strong>thanks to the income generated from their microenterprises.<\/strong><\/p>\n<p>Of the Foundation\u2019s 270,000 new clients, <strong>84% are living under vulnerable conditions, 57% are women and 33% live in rural areas.<\/strong> Furthermore, 32% possess only primary education at best and 34% are under 30 years old. <strong>\u201cThis support for the youth is important because they are society\u2019s future\u201d<\/strong>, pointed out the head of Analysis in the BBVAMF Impact Assessment &amp; Strategic Development, Isabel Garc\u00eda. Social performance data are, she says, \u201c<a href=\"http:\/\/www.fundacionmicrofinanzasbbva.org\/en\/institutional\/about-the-foundation\/\">a guide showing the way so that we don\u2019t swerve from the purpose<\/a>, which is the development of vulnerable entrepreneurs.\u201d<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/w6XOLCuN3H8\" width=\"730\" height=\"400\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p>The report also indicates that <strong>34% of entrepreneurs abandon poverty after two years of working with the Foundation&#8217;s MFIs<\/strong>, that help them access credit, savings account, microinsurance, financial education and skills training. Thanks to this support and to the long-term accompaniment from the Foundation\u2019s officers, <strong>55% raised their incomes in 2018, while their assets and sales grew at annual rates of 23% and 17%, respectively.<\/strong><\/p>\n<p>\u201cWomen\u2019s enterprises show the fastest growth, but are also the most vulnerable\u201d, Isabel Garc\u00eda shared during the presentations of the report, which focused on one of the Foundation\u2019s strategic priorities: <a href=\"http:\/\/www.fundacionmicrofinanzasbbva.org\/en\/sector-development\/women-empowerment\/\">women<\/a>. The lack of work opportunities and the large amount of time they spend on unpaid work and looking after their families limit their scope for generating income. As she said, <strong>\u201cas an alternative to economic dependence or to the informal economy, they decide to set up small businesses.<\/strong> To do that, financial inclusion is critical.\u201d<\/p>\n<div class=\"col-sm-6 col-sm-offset-3 col-xs-12 box_info box_info--grey_light\"><div class=\"text-center\"><span class=\"icon\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7940\" src=\"http:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2019\/09\/portada-informe-2018-vertical.png\" alt=\"\" width=\"80\" height=\"80\"><\/span><div class=\"text-center title\">Social Performance Report 2018<\/div><div class=\"text-center\"><a class=\"button mini pdf\" href=\"http:\/\/www.fundacionmicrofinanzasbbva.org\/en\/informes\/2018\/\" target=\"_blank\">Access here<\/a><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BBVA Microfinance Foundation (BBVAMF) institutions supported more than 270,000 new clients in 2018, and now serve over 2 million entrepreneurs in five Latin-American countries. This&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/34-los-emprendedores-sale-la-pobreza-los-dos-anos-la-fundacion-microfinanzas-bbva\/\" title=\"Read 34% of the entrepreneurs served by the BBVA Microfinance Foundation abandon poverty after two years\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":13,"featured_media":26110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1437,1038,3285],"tags":[3265,1704,796,1244,1245,1405,1011,2379,1053],"class_list":["post-26457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-sector-development-2","category-social-performance-results","tag-desempeno-social-en","tag-emprendimiento-en","tag-entrepreneurship","tag-microfinance","tag-microfinanzas-en","tag-progreso-en-2","tag-progress","tag-social-performance","tag-women-2","paises-chile","paises-colombia","paises-peru"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>34% of BBVAMF entrepreneurs abandon poverty at 2nd year<\/title>\n<meta name=\"description\" content=\"BBVA 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