ASOFIN Bolivia

Name

ASOFIN Bolivia

Legal name

ASOFIN (Asociación de Entidades Financieras Especializadas en Microfinanzas)

Website

https://asofinbolivia.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

La Paz

HQ country

Bolivia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership dues: ASOFIN is a non-profit civil association funded by membership fees from its six affiliated financial institutions (three Multiple Banks, two SME Banks, and one Housing Finance Entity). Revenue supports representation activities, training, research, and non-financial services.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

ASOFIN (Asociación de Entidades Financieras Especializadas en Microfinanzas) is a non-profit civil association founded in 1999 that serves as the maximum national representative body for Bolivia's regulated microfinance sector. It groups six ASFI-supervised financial institutions (three Multiple Banks, two SME Banks, and one Housing Finance Entity), delivering collective representation, advocacy, training, sector research, sustainability initiatives, and financial education to its members and the broader financial ecosystem.

Product overview

ASOFIN Bolivia is an industry association representing Bolivia's regulated microfinance sector, not a product company. It does not offer standalone software products. The organization provides representation, training, research, and non-financial services to its six member financial institutions: three Multiple Banks (Banco Sol, Banco PyME de la Comunidad, Banco Prodem), two SME Banks (Banco PYME Ecofuturo, Banco Fortaleza), and one Housing Financial Entity (La Primera E.F.V.).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 74% of ASOFIN's loan portfolio is oriented toward microcredit as of year-end 2025/2026
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor and core.

• Wildlife Conservation Society (WCS)minorStrategic or Co-development Partner · 1 January 2026Banco Sol S.A. (an ASOFIN member) partnered with WCS for the third consecutive year on sustainability and Amazon conservation initiatives, supporting indigenous families in Bolivia.
• Conservación Amazónica – ACEAAminorStrategic or Co-development Partner · 1 January 2026Banco Sol S.A. (an ASOFIN member) partnered with ACEAA to support sustainable livelihoods for indigenous Tsimane-Mosetene, Tacana, Ese Ejja, and Kallawaya families, including solar energy and acai processing initiatives in Pando.
• Sparkassenstiftung (DSIK) / German Savings Banks FoundationcoreStrategic or Co-development Partner · 1 November 2025ASOFIN and Sparkassenstiftung signed a strategic agreement to drive digital transformation and strengthen SMEs in Bolivia. This agreement supports the modernization of member institutions and promotes digital financial services.
• ASOBAN, FINRURAL (joint — Red de Desarrollo Financiero Sostenible)coreStrategic or Co-development Partner · 1 February 2025The three financial sector guilds — ASOBAN (Private Banks), ASOFIN (Microfinance), and FINRURAL (Development Finance Institutions) — jointly launched the 'Red de Desarrollo Financiero Sostenible – Bolivia' with support from GIZ/ProResiliente. The network is a technical space to drive sustainable development strategy in Bolivia's financial system. BDP S.A.M. joined as first Strategic Ally.
• GIZ (ProResiliente)coreGTM or Marketing Partner · 1 February 2025GIZ, through the ProResiliente project, supports ASOFIN and the Red de Desarrollo Financiero Sostenible. GIZ also organized a Workshop on Co-creation of Green Financial Products with ASOFIN member institutions in August 2025.
• GRI (Global Reporting Initiative)coreStrategic or Co-development Partner · 1 April 2023ASOFIN signed a Memorandum of Understanding with GRI as a Strategic Partner, opening doors for its member entities to receive GRI standards training. ASOFIN participates as a driving member of this initiative in Bolivia. Marcelo Diez de Medina, Executive Secretary of ASOFIN, noted that GRI reporting is aligned with ASOFIN's interests in sustainability, environmental respect, governance, and gender equality. Delegates from all 6 member banks participated.
• ONU Mujeres (UN Women)coreStrategic or Co-development Partner · 1 March 2023ASOFIN and ONU Mujeres signed a Memorandum of Understanding for gender equality in the financial system. They conducted a joint workshop titled 'The importance of incorporating gender equality in the financial system to achieve Sustainability Objectives' with high-level management from all member banks. This partnership led to a 2023 Action Plan for gender mainstreaming across ASOFIN and its members.
• Fundación Ayuda en AcciónminorStrategic or Co-development Partner · 1 January 2022Banco PYME Ecofuturo S.A. (an ASOFIN member) partnered with Fundación Ayuda en Acción on the 'Fortaleciendo Capacidades Comerciales para Apicultoras del Gran Chaco Boliviano' project (2022–2024), investing over Bs 100,000 to support 33 women beekeepers in the Chaco region.
• Aldeas Infantiles SOS BoliviaminorStrategic or Co-development Partner · 1 January 2013Banco Prodem S.A. (an ASOFIN member) has partnered with Aldeas Infantiles SOS for over 12 years, supporting 111 families and benefiting 396 children. The partnership was renewed for 2026 to support 30 families and 101 children.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Regional players

• REDCAMIF (Red Centroamericana de Microfinanzas): Regional microfinance association network covering Central America. Highly comparable as a second-tier microfinance association representing member institutions, promoting financial inclusion, sustainability standards, and sector advocacy at a multi-country level.
• PRODESARROLLO (Peru Microfinance Network): Peruvian microfinance association promoting financial inclusion and sector development. Comparable in mission and structure as a country-level microfinance guild providing advocacy, training, and sustainability frameworks to member institutions in Latin America.
• Red Katalysis: Latin American microfinance capacity-building network. Comparable as a regional association focused on sustainability, gender equality, and institutional strengthening for microfinance entities across multiple Latin American countries.
• ASOMIF (Asociación de Microfinanzas de Colombia): Colombian microfinance association representing supervised microfinance entities. Directly comparable as a national microfinance guild with a similar mission of representation, training, and inclusion-focused advocacy in a Latin American regulatory environment.

Direct peers

• FINRURAL (Bolivia): Bolivian association of development finance institutions, jointly co-founded the Red de Desarrollo Financiero Sostenible with ASOFIN. Closely comparable as a niche sectoral guild operating within the same regulatory perimeter (ASFI-supervised) and with overlapping financial inclusion mandate.
• ASOBAN (Asociación de Bancos Privados de Bolivia): The private banking trade association in Bolivia, jointly co-founded the Red de Desarrollo Financiero Sostenible with ASOFIN in 2025. Directly comparable as a sectoral guild representing regulated financial institutions in Bolivia with similar advocacy, training, and policy engagement functions.

Broad incumbents

• World Council of Credit Unions (WOCCU): Global trade association for credit unions and cooperative financial institutions. Comparable as a larger, established membership-based organization promoting financial inclusion, sustainability standards, and capacity building for member institutions worldwide.
• ABA (American Bankers Association): Large, established US banking trade association providing advocacy, training, and compliance resources. Comparable as a scaled-up version of ASOFIN's trade-association model serving regulated financial institutions, with broader scope and resources.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/100084893478191
• LinkedInlinkedin.com/company/asofin-bolivia

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ASOFIN Bolivia