Colombian Microfinance Firm MiCreditoYa Microfinanciera SAS Welcomes €1.1M Investment

The Agri-Business Capital Fund this week announced an investment of EUR 1.1 million in MiCreditoYa Microfinanciera SAS, a microfinance institution operating in the Nariño department in the southwest of Colombia.

Established in 2017, MiCreditoYa is a credit-only microfinance institution operating in Pasto, Ipiales and Guachucal in the Nariño department of Colombia. It has been at the forefront of bridging the financing gap for micro-entrepreneurs and small-scale farmers by offering financially responsible alternatives designed to match clients’ cash flow cycles. With a current loan portfolio of EUR 5.5 M, MiCreditoYa has made substantial strides in strengthening microbusinesses and rural agricultural initiatives. As of December 2023, the institution served 7,331 clients, 72% of whom are in rural areas, with a notable focus on low-income populations, female farmers (55% of clients), and young people below 28 years old (13% of clients).