Bancoldex designed and implemented the program Futurex Micro-entrepreneur Insurance in order to reduce social vulnerability of entrepreneurs belonging to this segment and their families.

Currently there are two microinsurance products:life, in alliance with Sura and damages with Mapfre, which, through the microfinancial entities network, is acquired at low cost by microentrepreneurs, and with a light operational scheme ensuring timeliness to attend casualties.

Futurex Life was designed to generate benefits both to microentrepreneurs as well as to the microfinancing entity, since it provides protection to the entrepreneur and its family in case of accidental or natural death or suicide, total or permanent disability and serious illnesses, besides it offers additional coverage such as aid for funerary expenses and family expenses due to death or disability. In the case of financial institutions this microinsurance covers the client's portfolio in case any of the aforementioned events occur; likewise income is available for product commercialization.



Futurex Damages is a microinsurance that allows the entrepreneur to cover its home and company, both the building as well as the contents, regardless of geographical location at a national level, and of the type of materials used in its construction, thus allowing a greater coverage and to benefit a greater number of Colombian microentrepreneurs. Additionally, it offers two types of income in an event of casualty:first, it allows the microentrepreneur to perceive income in the event of closure of its economic unit and second, to cover the microcredit limit or for free use.

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Entrepreneurial formation, training and updating program that seeks to improve the management, performance and competitiveness of Colombian enterprises, with emphasis in the SMEs, through knowledge management.

The program's objective is to contribute to entrepreneurial development through an integral scheme of formation and updating including financial, administrative, legal and commercial aspects to facilitate enterprises assure their permanence in a market that is increasingly competitive.

The program contemplates cycles with theoretical-practical training in person, with short and medium duration in accordance with the needs of each entrepreneurial segment.

As a supplementary tool and to allow the entrepreneur to develop self-forming processes, the Bank offers the virtual course MANAGEMENT ISSUED FOR CREDIT ACCESS, which includes four modules whose emphasis is the financial area.  In addition, the course MANAGEMENT ADVISOR FOR INTERNATIONAL NEGOTIATION, comprised by five modules wherein the entrepreneur may get to know the most relevant items of the payments flow in an international negotiation.

Likewise, Bancoldex has two updating booklets:EXCHANGE COVERAGES and GENERAL MANAGEMENT ASPECTS TO ACCESS CREDIT

These tools can be obtained directly (in Spanish) from Bancoldex web site, www.bancoldex.com