Oikocredit increases equity stake in Bolivian MFI

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Pablo Cordero, one of Banco Fie's clients. Pablo produces spare parts for construction.

24 November | 2016

Oikocredit has more than doubled its investment in Banco Fie, a leading microfinance bank with a strong commitment to financial inclusion in Bolivia.

Banco Fie has been a partner of Oikocredit’s since 2002. During their 14-year relationship Oikocredit has supported Banco Fie in becoming one of Latin America’s most well-respected financial inclusion institutions.

Valeria Gelsi, Oikocredit equity investment officer, said: “We are proud to strengthen our relationship with Banco Fie and be able to add value to such a well-respected bank committed to the sustainable development of Bolivia.”

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