Improving Financial Inclusion in Rural Colombia.

Access to Finance | Economic Growth and Trade | Vulnerable Groups | Women's Empowerment | Financial Services
Latin America and the Caribbean

Rural Finance Initiative (RFI)

Project Dates: August 2015 - February 2022
Following decades of armed conflict, providing rural Colombians with financial services is essential to building an inclusive economy and promoting stability.

Decades of armed conflict in Colombia have left many people in poverty and without equal financial opportunities. Those living in rural areas and working in agriculture have struggled to obtain financial services — such as credit, savings, and insurance and payment services. This limitation compromises the ability of micro-, small-, and medium-sized agricultural producers and other businesses to improve their productivity and, in turn, inhibits the country’s overall economic growth. The USAID Rural Finance Initiative (RFI) helps banks and other financial institutions deliver market-based services, especially for women and disadvantaged groups.

Project Goals


  • Help banks and other financial institutions expand services in rural areas to link 200,000 new clients — half of whom are women — with financial services
  • Mobilize $500 million in rural financial services, at least 90 percent of which are rural and agricultural loans
  • Provide financial institutions with incentives and specialized technical assistance to expand into underserved rural markets and to design, test, and scale innovations
  • Provide women and vulnerable groups with access to financial services, including Afro-Colombians, indigenous persons, youth, and LGBTQ persons