Banco Fassil SA

Promoting local entrepreneurship in Bolivia

Bolivia

Banco Fassil SA is a regulated microfinance institution (MFI) which offers loans, savings products and other financial services to micro entrepreneurs and small to medium enterprises (SMEs) to develop and promote local entrepreneurship in Bolivia. In 2013 FASSIL ran a network of over 100 branches in six departments. In recent years, FASSIL has significantly expanded the number of semi-urban branches and rural agencies. Likewise, its productive and agricultural loan portfolio has also expanded enormously.

FASSIL is an important provider of finance to a group of entrepreneurs who often lack financial resources and access to traditional banks. FASSIL offers good customer service and operates efficiently. The MFI is increasing its efforts with regard to client protection.

FASSIL has been an Oikocredit partner since 2012.