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August 31, 2015 9:06 PM ET

Consumer Finance

Company Overview of Credivalores-Crediservicios, S.A.S.

Company Overview

Credivalores-Crediservicios, S.A.S. provides consumer loans in Colombia. The company was founded in 2003 and is based in Bogota, Colombia.

Bogota,  

Colombia

Founded in 2003

Key Executives for Credivalores-Crediservicios, S.A.S.

Credivalores-Crediservicios, S.A.S. does not have any Key Executives recorded.

Credivalores-Crediservicios, S.A.S. Key Developments

IFC Loan to Credivalores-Crediservicios S.A.S Boosts Financial Services to Columbia's Low-Income Families

World Bank Group's IFC, part of the World Bank Group, announced it has provided to Credivalores-Crediservicios S.A.S a new USD 20 million loan to continue boosting the company's efforts to expand access to financial services for low-income families in Colombia. This is the second loan that IFC grants Credivalores, for a total amount of USD 45 million, which is evidence of IFC's commitment to support the company's strategy. The first loan for USD 25 million was made in 2012 and is still in effect. The funds from the new financing will be used to improve access to credit for low and middle income segments of the population, which is the company's target market. The loan from IFC will also help Credivalores offer loans to low and middle income individuals living in small and intermediate cities. The company's diversified platform of products include payroll deduction loans, consumer credit loans through a credit card collected with public utility bills and financing of insurance policies premiums. This loan by IFC is part of its strategy to expand opportunities to increase economic growth and competitiveness, reduce poverty and inequality, and enhance the level of financial services being offered in rural areas.

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