ASOFIN, the Association of Financial Entities Specialized in Microfinance, was established in 1999. It is private and non-for-profit organization. It is the network representing the regulated microfinance sector in Bolivia.

Regulated microfinance entities are those that are under the supervision of the Authority of Supervision of the Financial System (ASFI) -SBEF- in the country.

Its legal capacity is recognized through Prefectural Resolution N°424, of August 20th, 1999, and its operations are performed under its bylaws and regulations, the last amendment of which became effective as of July 1st, 2002.

Currently, eight financial institutions are listed as active members, of which four are Multiple Banks, Banks three are PyMEs.

Association of Financial Entities Specialized in Microfinance Bolivia Top