WWB Colombia Transforming Lives Through Banking

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Breathtaking view of Tota's landscapes in Boyacá, Colombia surrounded by lush hills and water.
Credit: pexels.com, Breathtaking view of Tota's landscapes in Boyacá, Colombia surrounded by lush hills and water.

WWB Colombia is making a significant impact in the lives of Colombians, particularly in rural areas. With a focus on microfinance, the organization provides access to banking services for those who need it most.

By offering loans and savings programs, WWB Colombia is helping people start or grow their own businesses, which in turn is improving their economic stability and overall well-being.

One of the key benefits of WWB Colombia's services is that they are designed to be accessible and affordable, even for those with limited financial resources. This is especially important in rural areas where access to traditional banking services may be limited.

WWB Colombia's commitment to financial inclusion is truly inspiring, and it's clear that their efforts are making a real difference in the lives of Colombians.

Our Purpose

At WWB Colombia, our purpose is to empower young people to become the change-makers their communities need. We focus on education and job skills to help them break the cycle of poverty.

A woman videographer films a children's event outdoors in Sucre, Colombia using a stabilizer.
Credit: pexels.com, A woman videographer films a children's event outdoors in Sucre, Colombia using a stabilizer.

Our programs are designed to be flexible and adaptable to the diverse needs of our students, who are typically between 15 and 24 years old. This age range is critical for our students, as it allows them to learn and develop new skills that will benefit them throughout their lives.

We believe that education is the key to unlocking a brighter future, and we're committed to providing our students with the tools and support they need to succeed.

Mission

Our mission is to make a positive impact on people's lives through education and community building.

We believe that everyone deserves access to quality education and resources, which is why we're committed to creating a platform that's inclusive and accessible to all.

Our goal is to provide a safe and supportive environment where people can learn from each other and grow together.

We're dedicated to fostering a sense of community and connection among our members, and we're always looking for new ways to make this happen.

By working together, we can achieve great things and make a real difference in the world.

We're passionate about empowering individuals and communities to reach their full potential, and we're committed to doing our part to make this happen.

Goals

Credit: youtube.com, Why the secret to success is setting the right goals | John Doerr | TED

Setting clear goals is crucial to achieving our purpose. This involves identifying what we want to accomplish and why it's important.

Our goals should be specific, measurable, achievable, relevant, and time-bound, often referred to as SMART goals. This helps ensure we stay focused and motivated.

In our previous discussions, we established that our purpose is to make a positive impact on the world. This goal is aligned with our values of kindness and efficiency.

Breaking down our purpose into smaller, manageable goals will help us make progress towards achieving it. This might involve setting short-term and long-term goals.

For example, a short-term goal could be to learn a new skill or complete a task, while a long-term goal might be to make a significant contribution to our community.

Impact and Products

WWB Colombia's client-base is 67% women, mainly from the 1st, 2nd and 3rd strata of the population, which are the lowest income strata.

The institution offers loans starting at US $50, but the average loan size is US $1,100.

Loans are provided through simple procedures and personalized attention, making it easier for clients to access the funds they need.

Impact

White balloon with a peace message in a Colombian protest setting.
Credit: pexels.com, White balloon with a peace message in a Colombian protest setting.

The impact of our actions is a crucial consideration, and it's fascinating to explore the effects of various products on the environment.

Studies have shown that single-use plastics contribute significantly to ocean pollution, with over 8 million tons of plastic waste entering the ocean every year.

As we strive for a more sustainable lifestyle, it's essential to choose products that have a minimal impact on the environment.

The production of electronic devices, such as smartphones and laptops, requires large amounts of energy and resources, resulting in significant greenhouse gas emissions.

In contrast, products made from recycled materials can reduce waste and conserve natural resources.

Products

WWB Colombia offers a range of products tailored to the needs of its clients.

Loans are available starting at just US $50, but the average loan size is a more substantial US $1,100.

The institution provides loans through simple procedures and personalized attention, making it easy for clients to access the financial support they need.

82% of all loans granted by WWB Colombia are renewals, indicating a high level of trust and satisfaction among its clients.

In addition to loans, WWB Colombia also offers insurance options, including life and education insurance.

Readers also liked: Colombia Insurance Companies

About Us

Aerial photo of Quibdó cityscape with buildings and river under cloudy sky.
Credit: pexels.com, Aerial photo of Quibdó cityscape with buildings and river under cloudy sky.

Fundación WWB Colombia is an autonomous and independent organization that promotes the empowerment of women entrepreneurs and leaders in Colombia.

Their mission is to empower women entrepreneurs from low-income backgrounds, contributing to their transformation into autonomous and capable women who can make informed decisions to build a dignified life and improve their socio-economic status and that of their families.

Fundación WWB Colombia aims to reach 20,000 accompanied entrepreneurs in the Valle del Cauca region by 2020, with a 50% average increase in their sales and a proven decrease in risk factors of violence in their homes.

Their objective is to empower women entrepreneurs in a comprehensive way.

You can contact them at Cra 63 A # 5 – 28 Barrio Cañaveralejo, Cali – Colombia, phone (572) 667 0717 Extensión 114, or visit their website at www.fundacionwwbcolombia.org.

To make a payment, you will be redirected to the Wompi payment platform.

For foreign beneficiaries, a valid ID document is required, and the Banco W does not accept the Permiso Especial de Permanencia as a valid ID document.

Consider reading: Grameen America Payment

A striking black and white photo of an office building in Bogotá, Colombia, highlighting its modern architectural lines.
Credit: pexels.com, A striking black and white photo of an office building in Bogotá, Colombia, highlighting its modern architectural lines.

To make a payment as a legal entity, you will need to provide the ID document of the representative, a copy of the ID document on both sides and in PDF format, and the financial statements with a cut-off date of the last fiscal year, dictated by a public accountant and fiscal reviewer.

If you are a non-profit entity (fundación), you will need to provide the three or four first pages of the Constitución de la entidad instead of the Carta de Composición Accionaria, and if you do not have a Cámara de Comercio, you will need to send the resolution.

Here are the options for payment:

  • Deposit in savings account: You can have the money deposited directly into your savings account. To do this, you will need to provide the following information: the name of the person receiving the money, the city where the money should be deposited, the account number, and the authorization for the deposit.
  • Payment at an office: You can collect the money at one of our offices across the country, bringing your original ID and the reference number of the transaction.
  • Payment at a correspondent bank: You will need to bring your original ID and the reference number of the transaction to collect the money.

Note: The maximum time to collect the money is 15 days.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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