Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

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.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 28, 2009 Oct 12, 2005
Total Loans $12,887,700 $850,646,400
Amount of raised Inactive loans $0 $393,625
Number of raised Inactive loans 0 173
Amount of Paying Back Loans $1,107,425 $135,015,525
Number of Paying Back Loans 1,159 163,687
Amount of Ended Loans $11,780,275 $715,237,250
Number of Ended Loans 9,013 886,533
Delinquency Rate 0.17% 8.74%
Amount in Arrears $1,424 $7,576,255
Outstanding Portfolio $845,971 $86,648,777
Number of Loans Delinquent 2 24,711
Default Rate 0.10% 1.30%
Amount of Ended Loans Defaulted $11,576 $9,269,068
Amount of Ended Loans $11,780,275 $715,237,250
Number of Ended Loans Defaulted 16 24,055
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,656,214
Refund Rate 0.02% 0.64%
Amount of Refunded Loans $2,875 $5,429,350
Number of Refunded Loans 5 5,746

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 94.96% 74.82%
Average Loan Size $634 $408
Average Individual Loan Size $936 $642
Average Group Loan Size $4,041 $1,813
Average number of borrowers per group 10.4 7.8
Average GDP per capita (PPP) in local country $10,600 $5,938
Average Loan Size / GDP per capita (PPP) 5.98% 6.87%
Average Time to Fund a Loan 4.24 days 6.88 days
Average Dollars Raised Per Day Per Loan $149.53 $59.27
  Average Loan Term 4.79 months 11.02 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 5,051 424,825
  Journaling Rate 50.76% 40.71%
  Average Number of Comments Per Journal 0.04 0.06
  Average Number of Recommendations Per Journal 0.20 1.33

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY 20.00% PY 27.69% PY
  Profitability (return on assets) 1.19% 1.8% -0.65%
  Average Loan Size (% of per capita income) 14.00% 49.00% 19.34%

Country Fast Facts

Field Partner Staff

Ivonne Balseca
Rocio Cruz
Leonard Della-Moretta
Denniz Donmez
Monica Espinosa
Jessenia Freire
Carlos Macias
Claudia Moreno
Eduardo Muñoz
Pedro Salvatierra
Mónica Triviño