Banco Pichincha, among the entities with the best microfinance management in the region

The specialized microfinance rating agency MicroRate distinguished Banco Pichincha’s microfinance unit as one of the leading entities in the region with Excellence in Social Performance.

Through a statement issued by the Ecuadorian bank, it was explained that this distinctive “is a recognition to the work and commitment of the entity with the well-being of all its clients belonging to this segment ”.

To grant recognition, the rating agency appreciated the support that Banco Pichincha gives to entrepreneurs led by women. In fact, the statement highlights, between March 2020 and October 2021 the Bank has disbursed $ 1,221 million for the reactivation of businesses in the micro, SME and medium-sized business segments.

Another factor that was taken into account by MicroRate were the Corporate Social Responsibility practices exercised by the institution. In this sense, what is done in compliance with the principles of customer protection, promoting the development of collaborators and promoting the training of microentrepreneurs nationwide was rated. This added to the strengthening of their responsible finance with the application of a reasonable cost policy.

“This qualification in Social Performance management is an indicator that inspires us to continue working on plans and projects that improve financial inclusion, the protection of our clients, our collaborators and the sustainability of the planet,” says Antonio Acosta, President of Banco Pichincha.

Recognition

Recognition of Top MicroRate’s 2021 – Social Performance for Microfinance Institutions It was delivered at the end of November.

The event highlighted the challenges faced by the entities serving this segment in the last year and which, despite operating in an adverse context, obtained superior financial, institutional and social performance, without losing sight of their mission. to the financial inclusion. (I)