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SubscribeCuatrecasas has advised the Bancolombia Foundation and Corporación Interactuar on a COP 34 billion financing granted by Bancolombia for the creation of a vehicle intended to strengthen microcredit and boost the growth of startups throughout the country, with special emphasis on projects led by women and rural communities.
Under this strategic alliance, an independent trust was structured and established to collect resources derived from the origination of loans aimed at populations that have been outside the traditional financial system—mainly women and rural communities. This will contribute directly to financial inclusion and the development of Colombia’s productive framework.
“This transaction represents a significant step forward in promoting financial inclusion in Colombia. The alliance between Interactuar and the Bancolombia Foundation, supported by a robust fiduciary structure, will allow resources to reach women and rural communities that have historically had limited access to credit, fostering real development opportunities,” said Juan Carlos Puentes, Finance partner at Cuatrecasas.
Through this transaction, and by creating this trust vehicle that will channel the resources, the parties adopted an innovative financing scheme with a social focus, designed to maximize the impact on regional economic development.
The Cuatrecasas advisory team was led by Juan Carlos Puentes, with the participation of lawyers Catalina Herrera, Lorenzo Lizarralde, Verónica Hernández, Luisa Penagos, and Pablo Amorocho (Finance); and Natalia Villamizar, Rafael Marulanda, and María Camila Solano (Corporate and M&A).
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