Banco Itapúa is a niche bank in Paraguay with a strong focus on small and medium-sized agricultural producers, a group that is largely unattended by the larger banks. In fact, in many cases Banco Itapúa has been one of the first loan providers for farmers. Banco Itapúa is predominantly active in the southeast of the country and is deeply rooted in the community. It also contributes to rural development by supporting community projects, such as the financing of housing projects for the poor, and the promotion of financial education among children. Triodos Microfinance Fund and Triodos Fair Share Fund have provided a loan to Banco Itapúa to realise its growth ambitions.
KEY INDICATORS as of 31 December 2016
- number of loan clients: 8,753
- percentage female clients: 29%
- average loan amount: EUR 19,677
- percentage of rural clients: 4%
- number of savings clients: 35,242
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.