Banco Solidario

Subsidy : September 2012 - March 2014

Banco Solidario is a microfinance institution established in 1996 in Quito (Ecuador).

Amount

€ 77,220.00

Type of investment

Subsidy

Beneficiary locations

Latin America and Caribbean: Ecuador

Investment field

Financial Institutions

Activity

Microfinance Institution

Organisation

Banco Solidario

Website

https://www.banco-solidario.com/

Domicile

Ecuador

More investments in

Banco Solidario

Subsidy € 12,290.60 (2019)
Debt € 8,338,200.00 (2019)
Debt € 5,987,000.00 (2012-2016)

Banco Solidario was established in 1996, and its origins are linked to local NGO Fundación Alternativa. In 1998, Banco Solidario became part of the Acción International network of MFIs in Latin America. In October 2006, Ecuadorean bank Unibanco became its largest shareholder.

Banco Solidario’s headquarters are located in Quito, but the MFI is currently present in 12 provinces and has a total of 37 branches. In addition, and through agreements with other institutions, Banco Solidario has access to other 110 agencies.

The project

Support the development and rolling-out of a financial education module dedicated to over-indebteness, targeting Banco Solidario's clients in Ecuador.