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FINCA Ecuador
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PARTNER: Sociedad Financiera para la Asistencia Comunitaria FINCA S.A. (FINCA Ecuador)
WEBSITE: www.bancofinca.com
COUNTRY: Ecuador |
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ORGANIZATIONAL PROFILE: FINCA Ecuador
was founded in 1994 as a credit program by FINCA International, with
10 branches spread throughout the country.
FINCA Ecuador is
committed to providing financial services to the lowest-income entrepreneurs so they can create jobs, build assets and improve their standard of living.
About 90 percent of the loan portfolio is in rural areas, and 75 percent of the borrowers are women.
FINCA Ecuador primarily operates with the village bank model, with a particular emphasis on encouraging savings by village bank members. The organization also offers solidarity group and individual loans.
| GP PARTNERSHIP DETAILS: |
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$2 million loan through Global Partnerships Microfinance Fund 2008 |
ORGANIZATIONAL VITALS
| # of BORROWERS: |
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51,427
(as of 6/30/11) |
| OUTSTANDING GROSS LOAN PORTFOLIO: |
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$32,235,383
(as of 6/30/2011) |
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