The Dutch impact investor invested in Financiera Confianza in 2005 and saw the institution grow to 500,000 customers; 51% are women, 39% are youth, 23% are rural and 87% live below the poverty line, according to the company’s latest (2014) impact statistics (in Spanish).
Financiera Confianza says it has helped more than 40,000 small business owners obtain a first-time loan.
Oikocredit sold its stake to BBVA Foundation, the philanthropic arm of the Spanish bank, for an undisclosed sum.
