Oikocredit and Ueno join forces to promote Paraguayan women’s empowerment

Oikocredit is providing a € 4.5 million five-year term loan to Financiera Ueno to boost the Paraguayan financial services provider’s support for women entrepreneurs.

Financiera Ueno, a regulated financial institution, operates with a digital model designed to serve individuals and small businesses. It is committed to sustainable development, and to contribute to the economy in Paraguay by creating value through a simple and transparent approach.

Ueno will use Oikocredit’s financing to assist women-led micro, small and medium-sized enterprises in obtaining opportunities, achieving their ambitions and enabling lasting beneficial change in women’s lives.

Financiera Ueno launched in February 2022, following the Central Bank of Paraguay’s approval of the purchase of Financiera El Comercio by Grupo Vázquez, which became Ueno’s majority and controlling shareholder.

Read the full press release here