Fundación WWB has acquired the minority shareholders’ stake in Banco W
Fundación WWB Colombia has acquired the minority shareholders’ stake in Banco W, becoming the owner of 100% of the bank’s shares.
Fundación WWB Colombia is a non-profit foundation based in Cali, Colombia. Established in 1982, it has been supporting female microentrepreneurs for over 40 years. The foundation is dedicated to making social impact investments that strengthen personal and business capacities, especially for female entrepreneurs in vulnerable socio-economic situations, and promote the generation of knowledge.
Banco W is a microfinance bank established by Fundación WWB Colombia in 2011, with its headquarters located in Cali, Colombia. Its primary goal is to facilitate access to credit for women and socially and economically disadvantaged sectors, primarily granting loans to the micro and small business sectors. Banco W offers various types of loans and lines of credit, credit cards, time deposits, savings accounts, insurance and international money transfer services.
Bamboo Financial Inclusion Panama is an impact investor specializing in emerging and developing markets. DWM Panama is an impact fund investor that seeks investment solutions to sustainably address the social, environmental and economic needs of the developing world. WWB Isis Fund invests in high-performing, women-focused financial companies with innovative and inclusive business models in emerging markets.
Oaklins’ team in Colombia acted as the exclusive financial advisor to the buyer in this transaction.
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