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Espoir

PARTNER: Fundación Espoir
WEBSITE: N/A
COUNTRY: Ecuador
   

ORGANIZATIONAL PROFILE: Espoir's mission is to "contribute to the health, economic and social development of poor women microentrepreneurs in Ecuador by providing microcredit and education, and thereby strengthen their ability to improve the lives of themselves and their families.” Espoir offers microcredit linked to education and health, and primarily follows a village banking methodology: borrowers have meetings every two weeks in which the education activities take place along with the credit component. Topics covered include health and human development, business and the environment.

Espoir's operations are concentrated on the Pacific Coast of Ecuador and in the southern area of the country and all of Espoir’s portfolio is focused on women borrowers.

GP PARTNERSHIP DETAILS:
  $800,000 loan through Global Partnerships Microfinance Fund 2008
  $1 million loan through Global Partnerships Social Investment Fund 2010


ORGANIZATIONAL VITALS

# of BORROWERS:   59,603 (as of 6/30/2011)
OUTSTANDING GROSS LOAN PORTFOLIO:   $22,744,541 (as of 6/30/2011)
     
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