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MICROWD is a social microfinance fintech dedicated to accelerating community development by empowering entrepreneur women. Connecting women entrepreneurs with social investors, MICROWD creates opportunities that drive positive change. Operating in Mexico, Nicaragua, Peru, and Costa Rica, MICROWD has impacted the lives of over 10,000 women, promoting job creation, income growth, and economic development in underserved areas.
Beyond capital access, MICROWD focuses on the education and training of the women they have as clients. On that end, MICROWD offers the entrepreneurs the chance to participate in the MICROWDX incubator, a four-month accelerator with personalized support, ensuring effective investment of microloans. After completing the accelerator program, clients gain membership in the “MICROWD Community”, where they can benefit from networking opportunities, business consulting, and access to professional design services to enhance and grow their businesses. The 4-month period allows MICROWD to better identify both the entrepreneur profile and the potential of the business they run, which provides better information to assess the amount MICROWD can lend them at renewal.
MICROWD, offers a unique women-centered product: microloans ranging from $400 to $10,000, with an average loan size of $1,200. These microloans are specifically designed for entrepreneur women who want to invest in their businesses, such as small restaurants, agricultural activities, small shops, and more. MICROWD understands that these women face significant challenges in accessing the financial support they need, as traditional financial institutions often do not reach them for various reasons: many live in remote communities, far from major cities, and many run informal businesses that prevent them from offering traditional collateral.
Although some may manage to access financing through informal lenders, the high interest rates and unfavorable repayment terms limit their ability to fully utilize the loan. In this context, MICROWD offers a competitive alternative: microloans with low interest rates, no collateral required, simplified documentation, and flexible grace periods. With this approach, it aims to empower entrepreneur women by providing them with access to the capital they need to grow their businesses and improve their quality of life.
MICROWD’s solution goes beyond providing capital access. Entrepreneurs can join the MICROWDX incubator, a four-month accelerator offering personalized support to ensure effective investment of microloans. During the program, they receive as much as 80 instructional videos that provide training from very basic concept foundations of financial management or accounting, as well as marketing tools that can help them grow their businesses. After the course, clients join the “MICROWD Community” for networking, receive business consulting, and access professional design services to enhance their businesses. This holistic approach ensures sustainable development and empowerment for women entrepreneurs.
DREX is developing a fintech platform to facilitate non-recourse financing for solar energy projects. Our platform enhances deal flow, financial modeling, and real-time monitoring of energy production, aiming to make solar energy more accessible and affordable. Recently, DREX received an endorsement to secure financing for an industrial park benefiting nearly 300 businesses, with 72% of these being women-led. Their innovative approach is designed to transform the solar energy landscape, reduce greenhouse gas emissions, and address power reliability issues in Latin America.
The founder, Joselyne, is responsible for identifying solar opportunities through solar contractors, overseeing the financial modeling of solar projects, negotiating with energy consumers, supporting the energy and tax regulatory framework, raising funds for the projects, and advancing DREX’s vision for platform development.
DREX is developing a strategy to engage women-led businesses and SMEs in Latin America through solar community projects of at least 0.5 MW, fully funded with non-recourse capital. The company is currently raising financing for an 8 MWp solar project that will serve approximately 170 women-led businesses in an industrial park in Guayaquil.
Futa is a three-sided platform that connects MSMEs with financing which their employees can unlock as payday loans; this innovative approach leverages real-time payroll data for accurate credit scoring, ensuring fair loan terms and financial stability.
Futa’s Women’s Empowerment Program offers tailored financial services specifically designed to meet the needs of women-led MSMEs and women employees. This includes access to affordable emergency loans, which are backed by payroll data, ensuring quick and reliable access to credit without the burden of high interest rates. Additionally, we provide a salary advance feature, enabling women to manage their finances better and reduce the stress associated with financial instability. Our platform also includes tools for efficient payroll management and automated payment solutions that help women entrepreneurs streamline their financial operations, freeing up time to focus on growing their businesses.
Beyond financial products, EmpowerHer program provides a range of non-financial services aimed at empowering women entrepreneurs and employees. These services include financial literacy workshops that equip women with the knowledge they need to make informed financial decisions, a financial newsletter to help them scale their businesses, and networking opportunities to connect with other women entrepreneurs.