Microsoft and BBVA Microfinance Foundation Unite to Develop Initiatives that Promote Innovation and Entrepreneurship in Vulnerable Communities

Microsoft and BBVA Microfinance Foundation have signed a partnership to join forces and collaborate in contributing to the inclusive and sustainable social and economic development of vulnerable societies, to transform communities in need and create a social change.

The BBVA Microfinance Foundation actively works to improve living conditions of low-income people by financing their productive activities, undertaking innovation and developing financial products and services, as well as training that are adapted to their needs. For their part, Microsoft aims to empower everyone, putting special focus on collective populations and risking inclusion by facilitating technologies that promote creativity and entrepreneurship.

As part of the agreement, both organizations will collaborate to achieve higher efficiency in activities, putting emphasis on:

• Developing projects that improve lives of low-income entrepreneurs as well as women in vulnerable conditions;
• Promoting innovation technology programs in financial inclusion for vulnerable people;
• Promoting educational programs among the target groups, providing innovative technological support, resources and tools;
• Collaborating the potential addition of public or private partners that would contribute to improve programs or projects undertaken jointly.