Wallets/bancosol
BancoSol (Bolivia)
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Overview
BancoSol (Bolivia) is world's first private commercial bank dedicated exclusively to microfinance + leading Bolivian commercial bank by microfinance clients + Andean Development Corporation CAF + IFC + ACCION International founding investors + ~1.5M+ clients [1, bo-cro].
History
1986 — PRODEM Bolivian microcredit NGO founded by ACCION International + Bolivian businessmen distinctive Bolivian microfinance heritage.
Feb 1992 — Banco Solidario S.A. BancoSol founded as world's first private commercial bank dedicated exclusively to microfinance distinctive global microfinance commercial banking pioneer.
2014 — BancoSol Mobile Banking app launch.
Ownership & operator
Operating entity: Banco Solidario S.A. BancoSol (world's first private commercial bank dedicated exclusively to microfinance).
Major shareholders: Andean Development Corporation CAF + IFC + ACCION International founding investors + Stichting Hivos-Triodos Fonds + Triodos Bank NV + responsAbility Global Microfinance Fund + Bolivian retail + institutional + foreign investors.
Regulators: ASFI Bolivia (Autoridad de Supervisión del Sistema Financiero) + BCB (Banco Central de Bolivia).
Technical integration
BancoSol Mobile Banking app (iOS + Android; ~1.5M+ clients) + bancosol.com.bo online + BancoSol branch network across Bolivia + BancoSol Visa + Mastercard cards; BO IBAN + ACH BO.
Implementations & partners
Major Bolivian banking + microfinance + payments competitors: [[banco-mercantil-santa-cruz]] (Banco Mercantil Santa Cruz Bolivia's largest commercial bank by assets) + [[banco-nacional-de-bolivia]] (Banco Nacional de Bolivia Bolivian commercial bank) + [[banco-bisa]] (Banco BISA Bolivian commercial bank) + [[banco-de-credito-de-bolivia]] (Banco de Crédito de Bolivia Bolivian commercial bank; Credicorp Peruvian parent) + [[banco-union]] (Banco Unión Bolivian state-owned commercial bank) + [[bancofie]] (Banco para el Fomento a Iniciativas Económicas FIE Bolivian microfinance commercial bank) + [[banco-economico]] (Banco Económico Bolivian commercial bank).
Regulators: ASFI + BCB.
Status
Active, world's first private commercial bank dedicated exclusively to microfinance + leading Bolivian commercial bank by microfinance clients + Andean Development Corporation CAF + IFC + ACCION International founding investors + ~1.5M+ clients [1, 2].
Sources
- 1 BancoSol — official
- 2 BancoSol — Wikipedia
- bo-cro In-corpus:
reports/countries/BO-bolivia.md
Source
Biography extracted from bancosol.md. See matrix.md for standards-support matrix if present.