Accion announced a US$15 million investment in Banco Contactar, a Colombian microfinance institution with an emphasis on rural areas, through its Accion Digital Transformation Fund, which aims to help Banco Contactar adapt digital technologies to improve service to underserved rural clients in the country. “Rural communities in Colombia often receive little support from the financial system, but Banco Contactar supports them effectively. The bank’s rural roots and its digital services enable its customers to access financial expertise where and when they need it, so they can focus on growing their businesses,” said Adelina Dasso, Latin America Partner at Accion Digital Transformation.
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