[M]easuring companies’ social impact and attending to the credit needs of small and medium businesses are both growing fields.
HOLLYWOOD, Fla. (PRWEB) May 08, 2019
Creci, an early stage start-up, with headquarters in Hollywood, Florida and offices in Medellin and Bogota, was selected on April 30, 2019, as the category winner for Peer-to-Peer Lending, Alternative Funding, and SME Lending at the Innovate Finance Global Summit in London.
Creci is a social impact lending platform for SMEs. It currently operates in Colombia and has plans to expand throughout the Americas, including the United States. In addition to serving the credit needs of small and medium businesses, Creci assesses how companies’ operations and products aligns with the United Nations Sustainable Development goals, assigning companies a social impact score.
Andres Idarraga, Creci’s Founder and CEO noted, “As the panelists from some of the world’s most important financial institutions made abundantly clear during the conference, measuring companies’ social impact and attending to the credit needs of small and medium businesses are both growing fields. Creci is working at the intersection of these two opportunities to structure lending and impact measurement solutions for social impact entrepreneurs. We are at the beginning of our journey, having just started operations several months ago, but we are scaling quickly and growing fast. I am proud of this recognition. It is due to the terrific team we have in place and the work they have done thus far.”
Creci is an early-stage social impact lending platform that provides credit facilities to entrepreneurs working to further the 17 United Nations Sustainable Development Goals. Creci assesses a project’s impact and assigns it a social impact score. It currently makes loans in Colombia and plans to expand throughout the Americas.