Instituto de Investigaciones Socio-Económicas y Tecnológicas (INSOTEC)
What to know about this Lending Partner
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Kiva is ending our partnership with INSOTEC. They went through a merger with another financial institution that resulted in a change of business model. We thank them for their collaboration and wish them success in their future endeavors.
Partner Description:
INSOTEC is a non-profit microfinance organization founded in 1980 with a mission to support the development of microentrepreneurs by providing them access to credit and complementary services that improve their competitiveness and quality of life. INSOTEC focuses on rural and agricultural lending as those areas tend to lack access to financial services, as well as, health and financial training services.
A unique lending approach:
Kiva partners with INSOTEC to help them reach underserved clients in rural areas in Ecuador. While financial access is growing in Ecuador many of the most in need of financial support lack access due to the high costs and risks financing rural farmers with limited assets. INSOTEC will be partnering with Kiva to reach these populations, and not only to provide credit but also health and financial educational services.