Banco FIE’s vision is to be recognised worldwide as the microfinance institution of the future, where the international financial system promotes global development based not only on economic growth but also on human needs, including distributive justice and environmental protection.
Banco FIE’s mission is to be the financial institution of choice for micro and small enterprises in Bolivia, based on a solid solvency position and quality services; and to attract investors committed to equitable and inclusive development in Bolivia.
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.
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.
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:
Banco FIE has a wide range of credit and savings products, tailored to meet the needs of different segments of the Bolivian population.