Location Bolivia
Key figures Impact story


BancoSol mission is to create opportunities of a better future for the lowest-income sectors in Bolivia, providing them with high-quality integrated financial services.


On November 1986, a group of Bolivian international investors came together to create the Foundation for the Promotion and Development of Micro-enterprises (Fundación  para Promoción y el Desarrollo de la Microempresa)-a non-government organisation (NGO).

In late 1991 Banco Solidario S.A. was formed. Specialising in micro-finance, the bank proved to be the most promising alternative and most viable vehicle in helping Fundación  para Promoción y el Desarrollo de la Microempresa’s met its objectives and overcome the legal and financial structure limitations typically associated with an NGO.

After twenty two years in business, BancoSol has disbursed more than USD 4,618  million to more than 2 million micro-enterprise projects. Currently, the bank has more than 240,000 clients who account for a total loan portfolio of over USD 982 million. In addition, BancoSol possess deposits of almost USD 796 million from more than 656,000 clients The bank is present in nine major cities in Bolivia (La Paz, Cochabamba, Santa Cruz, Sucre, Tarija, Potosí, Oruro, Trinidad y Cobija, including the city of El Alto) through a network of 424 service points between branches, ATM’s and Puntos Sol Amigo (external cashiers in local business e.g. small stores, drugstores, etc.).

Management Board

  • Kurt Koenigsfest, Chief Executive Officer (April 19, 1964 – February 11, 2021)
  • Esteban Andrés Altschul, Board Director

Market Focus, Products and Services

Entrepreneurs with a small capital base but with dynamic adjustment capabilities are BancoSol’s core clientele. Women play an important role in terms of the numbers and amounts of outstanding loans; they account for 46% of BancoSol’s clients and 42% of the loan portfolio. Most of BancoSol’s clients are young, between 25 and 45 years old, with low levels of formal education.

BancoSol clients operate in the informal economy, which contributes more than 20% of the countries’ GDP and generates employment for over 65% of the employed population.

In three of the country’s biggest cities, the micro-entrepreneurial sector grows at 5% per year. There are approximately 800,000 micro enterprises, largely urban, that form part of this informal economy, generating over 1.7 million jobs for the economically active population.


Key figures for BancoSol

* Figures in USD million
** Based on local currency
Total Assets1,9931,7731,6211,4661,312
Funds Under Management00000
Total Assets and Funds Under Management1,9931,7731,6211,4661,312
Total Assets and FUM Growth (One Year, Local Currency)11.46%11.19%10.93%11.33%15.82%
Loans (net)1,6111,4341,3061,1741,057
Loans to Total Assets80.9%80.9%80.6%80.1%80.6%
Loan Growth (One Year, Local Currency)11.47%11.58%11.62%10.61%12.47%
Client Funding1,3161,1361,1001,016897
Client Funding to Total Assets66.1%64.1%67.8%69.3%68.3%
Client Funding Growth (One Year, Local Currency)14.91%5.00%8.61%12.89%12.98%
Equity to Total Assets11.0%10.9%10.3%9.7%9.0%
Tier 1 Capital Ratio10,98%9.9%9.4%8.6%8.1%
Total Revenue195.7182.5169.3161.9159.2
Net Income39.540.133.433.326.9
Return on Assets2.09%2.35%2.16%2.40%2.20%
Return on Equity19.10%22.20%21.60%25.49%25.26%
Cost to Income Ratio59.8%58.4%61.3%64.1%59.7%