Banco Pyme Ecofuturo S.A. is a Bolivian financial institution that originated from Ecofuturo S.A. Private Financial Fund, founded in 1999. Ecofuturo was established through the collaboration of four Non-Governmental Organizations (NGOs) dedicated to supporting the development of micro and small enterprises in Bolivia.

History

1999 – Beginning

Ecofuturo S.A. began its operations during a challenging period for the Bolivian economy, from 1999 to 2002, amid a national macroeconomic crisis. Despite initial financial difficulties, the institution achieved financial stability and sustainable growth in the following years.

2008 – primary shareholder

In 2008, shareholder IDEPRO transferred all its shares to Fundación para Alternativas de Desarrollo (FADES), making FADES the primary shareholder of Ecofuturo.

2014 – Transformation to Banco Pyme Ecofuturo

In 2014, Bolivia's Financial Services Authority (ASFI) issued a resolution mandating the transformation of Ecofuturo S.A. into Banco Pyme Ecofuturo S.A., a transition that allowed the institution to expand its services. This transformation enabled Banco Pyme Ecofuturo to offer a broader array of financial products, including trusts, foreign trade services, guarantee bonds, and credit cards.

Current Operations

As of 2020, Banco Pyme Ecofuturo celebrated its 21st anniversary, providing comprehensive financial services focused on meeting the needs of its clients and maintaining a commitment to corporate social responsibility.

Operations

As of 2024, Banco PyME Ecofuturo offers its services through 136 Financial Care Points, in eight of Bolivias nine departments.[3][2] Its financial services offered include:

References

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