| Website www.bancofie.com.bo |
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| Location Bolivia | |
| Key figures Impact story |
Vision
Be the bank preferred by the clientele, recognized by society and internationally for its ethics, quality and social responsibility business model, prioritizing financial inclusion.
Mission
We are a Bank that offers Quality Integral Financial Solutions for our clientele, preferably to the micro and small business sector. We base our action on ethics, generate value for our stakeholders and contribute to the construction of a sustainable, inclusive and equitable society.
History
FIE was born in 1985 as a non-government organisation. It was a pioneer and a leader in serving the financial demands of sectors of the population in greatest need. Individual credit was introduced with its own technology. It began operating in 1998 as a Private Financial Fund, and in 2010 became a bank. 30 years since then Banco FIE maintains and preserves its philosophy and essence of work by supporting the implementation of economic projects, providing access to financial services with equity, quality and transparency. The bank’s challenge is to progress without neglecting social and responsible behaviour; seeking community impact beyond economics.
Structure
The highest governing body of Banco FIE is its Board of Directors, composed of seven directors and two supervisory trustees – one representing the majority and the other representing minorities. One of its main functions is to define and monitor compliance with the strategic guidelines of environmental, economic and social development. The governance structure of Banco FIE ensures that the Board is independent of the executive management functions. All directors participate in specialised committees that support the Board in its analysis of issues related to oversight.
Board
- Ximena Behoteguy Terrazas, President
- Ricardo Villavicencio Núñez, Vice President
- Capriles Marisol Fernandez, Secretary
- David Rivas, Director
- Hector Gallardo, Director
- Carlos Mejia Rocabado, Director
- Noelia Romao Derpic Grisi, Director
- Mery Solares, Director
Market Focus, Products and Services
Banco FIE from its beginning in 1985 as a non-government organisation focused on lending to micro and small enterprises in Bolivia. For most of its financial career this was a core activity. Banco FIE established as a multiple bank in 2014, comprehensively serving all segments of the Bolivian population with quality, timeliness and efficiency. Financial inclusion is part of the organisation’s philosophy. Products and services supporting this commitment include:
- Comprehensively covering rural and peri-urban areas;
- Supporting the agricultural production sector;
- Reinforcing gender equality;
- Providing access to financing for technical and university education;
- Offering financial literacy programs;
- Offering savings and credit products.
Banco FIE has a wide range of credit and savings products, tailored to meet the needs of different segments of the Bolivian population.