Bancamía’s Social Bond Framework SPO provided by V.E
V.E has provided a Second Party Opinion (SPO) on Bancamía’s Social Bond Framework, which will help them continue their mission towards financial inclusion of small entrepreneurs. Their first Social debt issuance will provide small credits to vulnerable entrepreneurs in Colombia, and will be issued as a ‘Gender Bond’ financing microenterprises owned by women.
We assigned a Second Party Opinion (SPO) on the sustainability credentials and management of Bancamía’s Social Bond Framework. V.E is of the opinion that this Framework is aligned with the four core components of the Social Bond Principles (2020). We express an advanced assurance on the contribution of these bonds to sustainability.
Bancamía is part of the BBVA Microfinances Foundation, organization dedicated to alleviating poverty. Bancamía is dedicated exclusively to deliver financial products and services to the microenterprise sector, with the aim of promoting development from clients It currently has coverage in 29 departments and in more than 950 municipalities in Colombia.
V.E has produced more than 330 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.
The full SPO can be found in PDF form below.
For more information on this mission and V.E’s SPO services for Bonds and Loans: Savannah Rowe Communications Assistant email@example.com