COMPAÑIA DE CREDITO RAPIDOS - RAPICREDIT

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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Alignment with Guiding Principles

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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Summary

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

Activities & Initiatives

Measure greenhouse gas emissions and annually offset 100% of the 2024 emissions belonging to scopes 1, 2 and 3. 

Measures & Targets

RapiCredit will measure progress by tracking indicators of the percentage total greenhouse gas emissions.

SDG Focus Area(s):

Summary

In 2024, 100% of all employees and board members will receive training on the organization's anti-corruption policies and procedures

Activities & Initiatives

The compliance officer will provide training on SAGRILAFT (System of Self-control and Integral Risk Management of Money Laundering, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction) issues to 100% of employees and the board of directors during the second half of 2024.

Measures & Targets

Rapicredit will measure progress by tracking the training in SAGRILAFT (System of Self-control and Integral Risk Management of Money Laundering, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction) for the 100% of employees.

SDG Focus Area(s):

Summary

Rapicredit guarantees that there will be no unavailability of RapiCredit's platform due to intrusion attacks or loss of information greater than 0.1% of the total availability time (which is 24/7) throughout 2024.

Activities & Initiatives

Rapicredit will leverage the following to meet this goal:

  • Information security and cybersecurity policy
  • Technical vulnerability management procedure
  • Information Security Incident Management Procedure

Measures & Targets

Rapicredit will measure progress by tracking the percentage of unavailability of RapiCredit's platform due to intrusion attacks with the goal of <0.1%.

SDG Focus Area(s):

Summary

Rapicredit has set a goal to allocate 1,000,000 emergency loans to unbanked people in Colombia in 2024.

Activities & Initiatives

Rapicredit will administer the nationwide placement of emergency loans through the rapicredit.com platform.

Measures & Targets

Rapicredit will measure progress by tracking loan placement with a goal of 1,400,000 loans in 2024.

SDG Focus Area(s):

Summary

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

Activities & Initiatives

Rapicredit is committed to advancing diversity, equity, and inclusion, including by ensuring that by 2024 we maintain 50% of female representation annually in management positions.

Measures & Targets

RapiCredit will measure progress by tracking indicators of the percentage of women in the senior management positions

SDG Focus Area(s):

Summary

In 2024, Rapicredit will provide 90% of full-time employees with diversity and inclusion & equity training.

Activities & Initiatives

Rapicredit will contribute to SDG 5 (Gender Equality) through empowerment training for 90% of its employees in diversity, equity, and inclusion in 2024.

Measures & Targets

Rapicredit will measure progress by tracking the number of trainings in diversity, equity, and inclusion for employees.

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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.