Pro Mujer, in partnership with Acrux Partners, participated in the development of the first Social Finance Taxonomy in Latin America, a guide that helps identify and classify projects and economic activities that generate a positive social impact. Designed in Guatemala, this tool helps investors and companies direct capital toward initiatives that boost financial inclusion, strengthen MSMEs, and promote gender equality.
As part of our participation, we worked to ensure that the tool reflected the realities of women entrepreneurs and Indigenous communities, integrating their voices into the consultation and technical validation processes. This intersectional approach is especially relevant in a country where only 28% of women are able to access financial markets (USAID) and 52% of women-led MSMEs have experienced a gender-based financing constraint (IDB).
The unprecedented initiative was led by IDB Invest, CentraRSE, and Guatemala’s Sustainable Finance Advisory Council. By clearly and measurably classifying economic activities with social impact, this taxonomy will facilitate investment decisions aligned with social objectives and encourage the development of innovative financial instruments, such as social bonds.
Pro Mujer is committed to promoting more inclusive, sustainable and women-centered financial systems.
The Social Finance Taxonomy is available here [in Spanish]: https://cfs.com.gt/taxonomia-social/
