Financial services firm Bayport Colombia has announced a significant transaction of up to $20 million USD, capital it says will be used for the origination of new loans for Colombians with no credit history or who otherwise live in financially stressed conditions
The financing has been divided into two disbursements by Blue Earth Capital, an Swiss-based investment fund that focuses sustainable and impact-oriented financing.
The move aligns with Bayport’s mission to promote greater financial and labor inclusion in the Andean nation, where many remain outside of the traditional banking and credit sector.
“Through this transaction, Bayport Colombia reaffirms its unwavering commitment to financial inclusion and comprehensive support for the diverse financial needs of the Colombian population,” said Lilian Perea, CEO of Bayport Colombia.
“In 2023,” she continued, “we raised more than $120 million USD, strengthening our ability to drive our core purpose: to provide financial solutions that enable our clients to chart a new horizon and a future now. With our sights set on 2024, we remain firm in our vision of continuous growth, reaffirming our dedication to actively contributing to the socioeconomic development of the country.”