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Banco Solidario

Subsidy : October 2019 - June 2020

The objective of this feasibility study is to determine the best banking mobile or alternative (non-traditional) distribution channels with the greatest impact to meet the needs of existing and potential clients of Banco Solidario.

Amount

€ 12,290.60

Type of investment

Subsidy

Beneficiary locations

Latin America and Caribbean: Ecuador

Investment field

Financial Institutions

Activity

KK.64.191  Microfinance institution

Organisation

Banco Solidario

Domicile

Ecuador

More investments in

Banco Solidario

  • Subsidy € 25,261.80 (2024)
  • Subsidy € 32,462.43 (2024)
  • Debt $ 20,000,000.00 (2023)
  • Subsidy $ 16,143.00 (2023-2023)
  • Subsidy € 15,719.00 (2021-2022)
  • Debt € 8,338,200.00 (2019-2023)
  • Subsidy € 77,220.00 (2012-2014)
  • Debt € 5,987,000.00 (2012-2016)

This project will allow Banco Solidario to :

  • Identify the banking channels that generate the greatest impact for its customers and the bank itself and identify adoption barriers. This will allow to increase channel use and customer satisfaction;
  • Reduce the flow of customers in branches and serve clients where having branches is not sustainable (costs); and
  • Reduce design and implementation risks.

Through this project, customers in urban, semi-urban and rural areas will improve their experience and satisfaction: they will reach to Banco Solidario easily since the channels will be improved.

In addition, there will be time and resource saving because the clients will not need to approach bank agencies personally to carry out transactions (receive disbursements, pay in installments, make deposits, pay for purchases or services, etc.).

View more of our investments in this region

Banco Guayaquil

Financial Institutions

Banco Guayaquil

20,000,000.00

  Ecuador

  04/12/2024

  Debt

La Mesa de Finanzas Sostenibles

Financial Institutions

La Mesa de Finanzas Sostenibles

12,322.00

  Paraguay

  18/11/2024

  Subsidy

Banco Solidario

Financial Institutions

Banco Solidario

 32,462.43

  Ecuador

  12/09/2024

  Subsidy

Vivero Los Viñedos

Enterprises

Vivero Los Viñedos

9,000,000.00

  Peru

  03/09/2024

  Debt

Banco Solidario

Financial Institutions

Banco Solidario

 25,261.80

  Ecuador

  13/08/2024

  Subsidy

Fundación Génesis Empresarial

Financial Institutions

Fundación Génesis Empresarial

20,000,000.00

  Guatemala

  14/05/2024

  Debt

Banco Azul de El Salvador

Financial Institutions

Banco Azul de El Salvador

15,000,000.00

  El Salvador

  25/04/2024

  Debt

Banco para la Comercialización y la Producción SA

Financial Institutions

Banco para la Comercialización y la Producción SA

15,000,000.00

  Paraguay

  16/02/2024

  Debt

Financiera Finexpar

Financial Institutions

Financiera Finexpar

17,940.00

  Paraguay

  15/01/2024

  Subsidy