BancoSol

BancoSol is a Bolivian bank whose origins date to 1986, when it began operating as a foundation. On 10 February 1992, it became a regulated commercial microfinance bank. The bank describes its original mission as creating opportunities for people working in the microenterprise sector and says its lending approach helped bring groups previously excluded from formal finance into the financial system. Today, BancoSol presents itself as a bank serving individuals and businesses in Bolivia. Its stated purpose is to transform lives through inclusive support for people seeking a better future. The bank says it works to expand financial and digital inclusion, particularly for entrepreneurs and micro and small businesses, and links this work to Bolivia’s development. Its vision is to become a global leader and reference in financial and digital inclusion, contributing to poverty reduction and sustainable development. The bank’s website lists credit, savings, insurance, and other services. Its digital offerings include the Sol mobile app, which it describes as a secure, intuitive way to carry out banking transactions, and altoke, a QR-based collections and payments application. BancoSol also provides agency, service-point, and ATM locator information, as well as customer support through FonoSol and WhatsApp. The supplied evidence does not identify its founder, headquarters, parent company, ownership structure, or listing status.

BancoSol’s institutional history began in 1986, when it started operating as a foundation. According to the bank’s own account, this early work preceded its transformation into a regulated commercial bank focused on microfinance. On 10 February 1992, BancoSol became what it describes as the world’s first regulated commercial microfinance bank. Its mission was to create opportunities for entrepreneurs in the microenterprise sector. The bank’s stated significance lies in extending formal financial services to people and businesses that had been excluded from conventional financing. BancoSol says it developed a credit-financing approach that became a reference internationally. The supplied Spanish-language Wikipedia entry likewise describes the bank as strongly focused on lending to small businesses and entrepreneurs and identifies its 1986 foundation origins and 1992 transition to regulated microfinance banking. BancoSol describes its present-day work as continuing this inclusion-oriented purpose. It says it promotes financial and digital inclusion and creates opportunities for entrepreneurs and micro and small enterprises, contributing to Bolivia’s development. Its published mission is to transform lives by accompanying people inclusively as they pursue a better future; its vision is to be a global leader and reference in financial and digital inclusion, contributing to poverty reduction and sustainable development. Its current public-facing services span credit, savings, insurance, and other banking services. Digital services shown on its website include the Sol mobile banking application and altoke, a QR-based collections and payments app described as made by Bolivians. The website also offers information for locating branches, Sol Amigo service points, Sol Amigo Express points, and ATMs, alongside customer assistance through FonoSol and WhatsApp. The available sources do not establish the identity of BancoSol’s founder, its headquarters, its parent or owners, or its stock-market status.

• 1992

  Becomes a regulated commercial microfinance bank

• 1986

  Begins as a foundation

A Bolivian bank centered on financial and digital inclusion, with a historical focus on microenterprise and an expressed commitment to entrepreneurs and micro and small businesses.

• Credit and loans

  BancoSol lists credit among its banking products and has a stated historical focus on financing microenterprises, small businesses, and entrepreneurs.

• Savings

  Savings products are listed on BancoSol’s website.

• Insurance

  Insurance is listed among BancoSol’s product categories.

• Sol mobile app

  BancoSol describes its mobile app as a secure, intuitive, and fast way to facilitate banking transactions from wherever the customer is.

• altoke

  A QR-based collections and payments application described on BancoSol’s website as made by Bolivians.

1. 1Inicio - BancoSolbancosol.com.bo
2. 2Sobre Nosotros - BancoSolbancosol.com.bo
3. 3BancoSoles.wikipedia.org
4. 4BancoSolwikidata.org
5. 5Trabaja con nosotros - BancoSolbancosol.com.bo