Bancoldex was awarded the Alide 2026 Prize in the Financial Products category for its economic reconstruction fund in Providencia and Santa Catalina after Hurricane Iota in 2020.
The Latin American Association of Financial Institutions for Development presented the recognition to Bancoldex during its 56th General Assembly. The award highlights the use of blended finance together with the United Nations Development Programme, Amplo and Grassroots Business Fund.
Supported companies recorded average revenue growth of 59 percent. One hundred percent implemented climate resilience strategies and 75 percent of the portfolio companies have female leadership.
José Alberto Garzón, president of Bancoldex, stated that the award reflects the bank's capacity to reactivate micro and small enterprises in the regions with an innovative financial product.
