As a young, single mother with a fifth-grade education, Sandra Milena Cerón Osorio was unemployed and struggled to support her family for many years. But when she found out that banks offer loans to people with business ideas, she approached Banco de las Microfinanzas Bancamía S.A (known as Bancamía), the first microfinance bank in Colombia, and shared her dream of opening up a neighborhood shop. In 2012, Bancamía, an IFC client, lent her 600,000 pesos--at that time about $330. That was the start of Cerón’s career as a small business owner. Her Bogota shop, which sells “a little bit of everything,” is flourishing. It has enabled her to give her family a much better life than she ever dreamed, she says—and now, her youngest child is now graduating college.

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