AgriFunds

Established in 2014, Finamiga has been the fastest growing microfinance institution in Colombia for the past two years. Operating in 146 municipalities, among which 38 are post-conflict zones, it has disbursed more than 30,000 loans, and has more than 10,000 active clients. As a double bottom line institution, Finamiga designs its products with a central emphasis in strengthening microbusiness and rural agriculture initiatives through productive credit loans.As of December 2022, the company is supporting 3,557 smallholder farmers with its products and services, including 40% women farmers and 44% young people. Finamiga’s clients come from diverse socioeconomic backgrounds with 32% of them living in vulnerable conditions and 9.8% in extreme poverty based on the Poverty Probability Index (PPI) Survey which is applied in every loan. Finamiga’s loans allow farmers and rural clients to increase their incomes by helping them gain efficiencies in transportation costs and distribution, enabling them to use the funds as working capital to acquire supplies for their crops, as well as increasing their capability to invest in land.