Millete
Antioquia Department, Colombia
December 2020
Other credit - Emerging Markets
Service with Minor Environmental Footprint
Colombia
Somos una Fintech colombiana que ofrece soluciones crediticias a millones de trabajadores de las empresas en Colombia, que devengan desde 1 salario mínimo legal mensual vigente. Prestamos servicios financieros a través de la tecnología de una manera eficiente, ágil y confiable, como nuestro crédito digital de libranza con tasas muy competitivas en el mercado. Trabajamos para crear nuevas oportunidades de inclusión financiera, innovación y responsabilidad social. Usamos la tecnología para crear una oportunidad de inclusión financiera, para ampliar la posibilidad de que más colombianos ingresen o regresen al mundo del financiamiento legal y seguro, con tasas justas. They are a Colombian Fintech that offers credit solutions to millions of workers of companies in Colombia, which earn from 1 monthly legal minimum wage in force. They provide financial services through technology in an efficient, agile and reliable way, such as our digital payroll credit with very competitive rates in the market. They create new opportunities for financial inclusion, innovation and social responsibility. They use technology to create an opportunity for financial inclusion, to expand the possibility for more Colombians to enter or return to the world of safe and legal financing, with fair rates.
Overall B Impact Score
Governance 15.3
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Governance 15.3
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 18.3
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
Community 11.9
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
Environment 8.7
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Customers 45.3
Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.