CGAP supports Credibanco to improve access to finance in Colombia
by Jim Rosenberg: Thursday, June 21, 2007
The technology program of the Consultative Group to Assist the Poor (CGAP), co-funded by the Bill and Melinda Gates Foundation, will support Credibanco in a unique project that aims to increase the reach of financial services to poor people. The key aspect of the project is the use of banking “agents” - enabling retailers outside of traditional bank branches to extend financial services. Credibanco will receive technical assistance and funding to offset risks, as well as capture lessons learned for the benefit of increasing access to finance.
