Ecuador

Ecuador

Credit Union

Supported institution: Cooperativa de Ahorro y Credito 4 de Octubre

Investment date: October 2018

Total investment: 1.4 million Canadian dollars

Project description

Cooperativa de Ahorro y Credito 4 de Octubre is an Ecuador-based, socially driven credit union that provides a wide range of financial products and services. It actively contributes to improving its clients' quality of life and the economic development of the regions that it serves, specifically the Chimborazo, Pastaza and Napo provinces.

The institution has 8 locations and nearly 14,000 active clients, 53% of whom are women.

Financial and Health Education and Credit Services for Women Entrepreneurs

Supported institution: Fundación ESPOIR

Investment date: May 2012

Total investment: 1.5 million Canadian dollars

Project description

Based in Quito, Ecuador, Fundación para el desarollo integral ESPOIR is a foundation whose mission is to contribute to the country's economic and social development and to women micro-entrepreneurs' health. The institution provides credit services, health education and financial education to its almost 70,000 active clients, more than 50,000 of whom are women.