The International Finance Corporation (IFC), private sector arm of the World Bank Group, is providing $50 million to Fundación Social, a non-profit organization based in Colombia, with the purpose of expanding its small and medium-sized business client base. More specifically, part of the IFC’s financing aims to help Fundación Social increase its microfinance portfolio to more than $37 million, aspiring to reach over 53,000 clients over the next five years. Information on how the money is to be invested in the Fundación Social Group is not currently available.
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