MicroBank, the social bank of CaixaBank, has allocated €18.1 million to finance projects that generate a positive social impact in Castilla-La Mancha between January and June 2023. The number of operations stands at 1,860. In Spain as a whole, the amount of financing granted amounts to €634 million, an 11% increase compared to 2022.
The activity line dedicated to granting microcredits to entrepreneurs and microenterprises, strategic for MicroBank, recorded a total of 222 operations in the autonomous community in the first six months of the year. In terms of financing volume, the entity contributed €2.9 million to the recovery of the business fabric in Castilla-La Mancha. Nationwide, through this line of business, which has seen the most growth this year, MicroBank helped 9,634 entrepreneurs with a value of €126.79 million. Additionally, the average amount of microcredits to businesses in Castilla-La Mancha stood at €13,138 until June.
Another pillar of MicroBank’s activity, microcredits to low-income families aimed at covering basic needs, resulted in 1,570 operations in the region, with a financing volume of €12.4 million. In Spain, the social bank of CaixaBank granted a total of 49,845 microcredits to this group, with a financing volume of €376.4 million. The average amount of microcredits to families between January and June 2023 was €7,948 in Castilla-La Mancha, above the national average (€7,553).
In addition, the financing aimed at sectors with a social impact, focused on projects in social economy, education, and innovation, among others, helped materialize 68 initiatives in the region through financing worth €2.7 million. Nationally, these figures reach 2,984 operations and a total value of €131.1 million, with a growth rate of 6.5% and 7.1%, respectively.
MicroBank plays a key role in the Sustainable Banking Plan integrated within CaixaBank’s Strategic Plan, where it is entrusted with promoting financial inclusion by facilitating access to credit for the most vulnerable groups and strengthening its commitment to socio-economic development.