- At Banco Solidario, the mission has always been to provide financial services to those people
who have been unable to access the traditional financial system. To this end, they make a host of
innovative financial services available to their main clients; who are made up of urban and rural
microentrepreneurs, small businesses, and individuals from low socioeconomic segments of
- In addition to small loans, they also provide access to savings accounts,
insurance, fund transfer services, and money for housing improvements. This wide range of services
ensures that their microentrepreneurs have access to all of the tools they need to make their
business successful.Their programs include:
- Individual Credit: Credit for eligible
micro entrepreneurs who present personal guarantees, chattel or mortgage security.
Solidarity Credit: Credit granted to a group of at least three micro entrepreneurs who are not eligible for individual credit, but are willing to become jointly liable and social co-guarantors of the loan.
La Chauchera: An "electronic purse" in the form of a smart card that allows microentrepreneurs to buy their raw materials from big industries at wholesale cost. It offers microentrepreneurs a revolving credit line while also working as a debit card. Olla de Oro (pot of gold) : Instant credit granted against golden jewelry.
Mi familia, mi país, mi regreso (My family, my country, my homecoming): This program's goal is to channel emigrants' efforts and sacrifice abroad towards building their return, by buying a home or improving their businesses in Ecuador. It also provides a safe method of transferring remittances while giving clients control over the use of these funds in line with their goals.
Rural Products: microenterprise loans adjusted to the needs of the rural sector.
Social Housing: finances home ownership and encourages personal savings.