Fundación ESPOIR
Ecuador
Last updated March 20, 2013
Partner Description:
Fundación ESPOIR("mi bankito") is an Ecuadorian NGO that specializes in communal banking for hard-working women. The organization is based in Quito and has two branch offices outside of the city, one in Azuay (Cuenca) and one in Manabi (Portoviejo).
ESPOIR serves low-income women who live in the marginalized urban and rural areas of Ecuador and who are unable to afford basic necessities. These women may or may not have previous business experience. To qualify for credit through ESPOIR, the only requirement is that they commit themselves to working hard, learning new skills, and improving life for their families.
The majority of ESPOIR's portfolio is dedicated to group loans. However, its individual loan sector is growing, as long-standing entrepreneurs with ESPOIR "graduate" from group loans to take on larger amounts. In addition, ESPOIR offers emergency, university and home improvement loan products.
As of December 2010, ESPOIR had over 70,000 borrowers who are virtually all women, with a portfolio of over $42 million.
A unique lending approach:
The health and financial literacy services Fundación ESPOIR provides to clients distinguishes it from most microcredit organizations in Ecuador. Educational topics range from setting personal and business goals to understanding reproductive health and nutrition. The Cuenca office also includes a medical clinic where about 300 entrepreneurs a month receive health services for themselves and their families from the two doctors on staff.
- Join our lending team: "Fans of Fundación ESPOIR"
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Jun 28, 2009 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $6,453,500 | $426,910,600 | |
| Amount of Raised Inactive Loans | $0 | $238,825 | |
| Number Of Raised Inactive Loans | 0 | 207 | |
| Amount of Paying Back Loans | $683,725 | $94,248,000 | |
| Number Of Paying Back Loans | 402 | 101,761 | |
| Amount of Ended Loans | $5,769,775 | $332,423,775 | |
| Number Of Ended Loans | 5,030 | 435,945 | |
| Delinquency Rate | 2.09% | 1.89% | |
| Amount In Arrears | $7,682 | $1,148,081 | |
| Outstanding Portfolio | $367,298 | $60,666,465 | |
| Number of Loans Delinquent | 8 | 8,937 | |
| Default Rate | 0.04% | 0.97% | |
| Amount of Ended Loans Defaulted | $2,295 | $3,220,059 | |
| Amount of Ended Loans | $5,769,775 | $332,423,775 | |
| Number Of Ended Loans Defaulted | 8 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.04% | 0.95% | |
| Amount of Refunded Loans | $2,875 | $4,068,925 | |
| Number Of Refunded Loans | 5 | 4,589 |
| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 97.60% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $533 | $407 | |
| Average Individual Loan Size | $822 | $646 | |
| Average Group Loan Size | $3,647 | $1,744 | |
| Average Number Of Entrepreneurs Per Group | 10.5 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $4,776 | $3,346 | |
| Average Loan Size / GDP Per Capita (PPP) | 11.16% | 12.17% | |
| Average Time To Fund A Loan | 4.74 days | 4.68 days | |
| Average Dollars Raised Per Day Per Loan | $112.46 | $87.00 | |
| Average Loan Term | 4.14 months | 9.61 months |
| This Field Partner | All Kiva Partners | ||
| Total Journals | 2,937 | 203,892 | |
|---|---|---|---|
| Journaling Rate | 55.39% | 39.99% | |
| Average Number Of Comments Per Journal | 0.06 | 0.11 | |
| Average Number Of Recommendations Per Journal | 0.33 | 2.72 |
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 22.00% | 22.80% | 35.13% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | 4.1% | 1.6% | -0.15% | |
| Average Loan Size (% of Per Capita Income) | 14.00% | 54.70% | 47.07% |
- Country:
- Ecuador
- Capital:
- Quito
- Official Language:
- Spanish (official), Amerindian languages (especially Quechua)
- Population:
- 13,212,742
- Avg Annual Income:
- $4,776
- Labor Force:
- agriculture 30%; industry 25%; services 45%
- Population Below Poverty Line:
- 65%
- Literacy Rate:
- 92.50%
- Infant Mortality Rate (per 1000):
- 24.49 deaths
- Life Expectancy:
- 76.01 years
Field Partner Staff
Ivonne BalsecaRocio Cruz
Leo Della-Moretta
Leonard Della-Moretta
Monica Espinosa
Carlos Macias
Claudia Moreno
Eduardo Muñoz
Pedro Salvatierra
Mónica Triviño

