Measuring Our Impact
Ecuador
The incidence of poverty has fallen dramatically in Ecuador, from 64% to 23% between 2000 and 2015. This reduction was achieved as a result of the long oil boom and public policies which directed the benefits of economic growth towards the poorest, including employment and cash-transfer programs. More recently, that progress has been halted by the drop in oil prices and the devastating earthquake of April 2016. Meanwhile, the poverty rate is almost twice as high in rural areas compared to the cities and towns.
Founded in 1993 as a non-profit organization, FINCA Ecuador today is a fully-licensed bank, offering credit and savings services through its 13 branches across the country. Many of its clientele are from rural, indigenous communities in the Andes mountains, while others are located in the coastal areas.
Financial Inclusion
Ecuador:
Reaching the Financially Excluded
FINCA Ecuador is one of the smaller subsidiaries in our network, but its rural outreach — at 51% — is one of the highest in the region, along with Guatemala. Like the other subsidiaries in Latin America, FINCA Ecuador retains a strong focus on reaching women, who make up 63% of its borrowers.
The overall situation of financial inclusion is comparatively better in Ecuador than in most of the other countries where FINCA works. Nonetheless, over half of adults lack a basic bank account and financing options are extremely limited, especially in the remote communities targeted by FINCA.
Living Standards
Ecuador:
Quality of Life
The living standards of FINCA borrowers in Ecuador are comparatively high, reflecting the significant reductions in poverty that have been achieved over the last decade or so. Water and electricity are available to the great majority of borrowers. The education of family breadwinners is also better in Ecuador, though it should be noted that over a third of households have a primary earner with less than a secondary education.
After education, home ownership is one area in which our clients in Ecuador are on a par with their counterparts in the region. 12% of borrowers don't own the home they inhabit, which is similar to the rates we observe in Guatemala and Honduras.
Income & Employment
Ecuador:
Income & Employment
No data has been collected yet for this indicator in Ecuador.
The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.
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Women’s Empowerment
Ecuador:
Empowering Women
Our clients in Ecuador exhibit a strong reliance on women's income -- over half of our female borrowers are their family's principal source of earnings. Like Guatemala, however, the majority of women hail from two-parent households, reflecting a stronger tendency towards traditional families and a lower incidence of labor migration.
FINCA Ecuador will complete its Enterprise Survey in 2017, which will allow for a full report on all of FINCA's women's empowerment indicators, as well as income/employment and personal aspirations.
Clients’ Goals
Ecuador:
Attaining Business and Personal Goals
No data has been collected yet for this indicator in Ecuador.
The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.
DONATENo data has been collected yet for this indicator in Ecuador.
The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.
DONATE
Special Topics
Ecuador:
Poverty, Economic Sectors, Jobs and Profits
FINCA Loan Sectors
No data has been collected yet for this indicator in Ecuador.
The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.
DONATEProfit and Profit/Sales Ratio by Sector
No data has been collected yet for this indicator in Ecuador.
The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.
DONATEJobs by Sector Due to FINCA Loan
No data has been collected yet for this indicator in Ecuador.
The support of FINCA donors is vital to our efforts to understand our clients and better serve them. Please Donate to support this important work.
DONATELatin America Stories
A One-Woman Conglomerate
It Takes a Village
