COMPAÑIA DE CREDITO RAPIDOS - RAPICREDIT | Council for Inclusive Capitalism

We develop products and services that promote financial inclusion and access to credit for people, as well as micro, small and medium-sized enterprises (MIPYMES).

Developing, managing and operating technological platforms we offer financial solutions supported by information and communication technologies (TIC), which contribute to reducing the gap between those who have access to credit and those who do not.

We were born as a solution to a problem: Financial inclusion. From its birth in 2014 to the present, the organization has developed alongside the boom that the Fintech industry represents both in Colombia and in the world. Its results at the end of 2022 reflect an understanding of the social levels it serves (SEL 2 and 3), the development of new business capabilities and the leverage of the same digital evolution supported by other industry verticals, taking into account the impact of the pandemic in the year 2020, by 2022, in December, will reach two million credits placed in the populations served which took us 7 years from the beginning of operations in 2014, we will achieve again in the next 14 months and by 2025 our plan is to reach more than 2.5 MM of credits in different products for our clients.

Purpose

Our purpose is to develop products and services that promote financial inclusion and access to credit for individuals, as well as small and medium-sized enterprises (MSMEs) in Colombia, being conscious that Financial inclusion is the way to reduce social gaps and poverty.

We want to highlight the impact and solutions that RapiCredit as a team achieved in 2020 as a result of the impact of the pandemic. The onset of COVID 19 raised a number of questions and challenges. Our approach was: To preserve the operation of the company given our responsibility to society, shareholders, suppliers and allies; to preserve jobs, and to understand that this time would become an opportunity to be more solid, for which we would have to work with discipline and focus.

DANIEL ALFREDO MATERON OSORIO

CEO, COMPAÑIA DE CREDITO RAPIDOS - RAPICREDIT

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We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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People

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Principles of Governance

Prosperity

Summary

RapiCredit is committed to fair labor practices, including gender equity and reduction of inequalities and commits to 10 hours of training and development per 70% of full-time employee in 2023.

Activities & Initiatives

RapiCredit will provide training to 100% of its employees to develop their skills and competencies.

Measures & Targets

RapiCredit will measure progress by tracking the indicators through its training platform (UBITS).

Summary

RapiCredit will measure greenhouse gas emissions and annually offset 100% of the emissions belonging to scopes 1 and 2.

Activities & Initiatives

RapiCredit measures and offsets its greenhouse gas emissions and is committed to achieving carbon neutrality (full offsetting of its emissions) every year.

Measures & Targets

RapiCredit will measure progress by tracking the percentage of the company's total greenhouse gas emissions.

Summary

Rapicredit commits to signing the ethical charter for 100% of direct suppliers.

Activities & Initiatives

RapiCredit is committed to ensuring transparency in its operations through maintaining a corporate governance structure that provides an adequate control environment for compliance with applicable legal requirements, as well as partnerships to fulfill its commitments to sustainable development.

Measures & Targets

RapiCredit will measure progress by tracking through indicators of Ethical Charter singed by active suppliers.

Summary

RapiCredit will ensure 90% of its jobs area created in local economies in Colombia in 2023.

Activities & Initiatives

RapiCredit will promote financial inclusion in order to reduce social gaps and poverty reduction through access to credit for the unbanked population.

Measures & Targets

RapiCredit will measure progress by tracking through indicators of hiring

Summary

RapiCredit will ensure formal, fair and equitable hiring and fair remuneration for 100% of its workforce in 2023 in accordance with the industry average.

Activities & Initiatives

RapiCredit is committed to fair labor practices, including gender equity and reduction of inequalities.

Measures & Targets

Ensure formal, fair and equitable hiring of 50% of women workforce in accordance with the industry average

Sign up your company

Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.