| |
 |
|
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
Superintendence
of Banks and Financial Entities -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,
two of them are specialized banks, five are private financial
funds (FFP), and one is a foundation that is in the process of
obtaining its license from the SBEF. |
| |
