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Mibanco arrived in Colombia, a financial entity that was born from the merger of Bancomarca and Edyficar with the aim of expanding access to credit, promoting a greater economic impact in remote areas and generating a significant contribution to the microfinance model of the Colombian financial system.
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Similarly, the entity seeks to maintain a direct relationship with the entrepreneur of the micro and small business, managing to transcend this link, and provide opportunities for progress to the entrepreneur who is part of the informal economy, who has difficulty in accessing to the financial system and usually resort to other options such as “drop by drop” or “daily pay”.
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Mibanco is part of Credicorp’s microfinance business line, a leading financial services holding company in Peru with a presence in four countries in the region and listed on the New York Stock Exchange.
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“Since last year we have embarked on a transformation process that included the takeover of Encumbra and the launch of our new brand, Mibanco. We are very excited because this transaction strengthens us entirely and allows us to expand our office network. Furthermore, we will be closer to Colombian families, to offer them our solutions, which have historically been framed in a social purpose and to build the country “, said Gregorio Mejía, president of Mibanco.
Bancomarca and Encumbra customers, who are now part of Mibanco, will have at their disposal a broad portfolio of products and services, a network of wider service channels throughout the country and business consultants specialized in the segment.
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