Banco Solidario

Subsidy : October 2019

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

Microfinance institutions

Organisation

Banco Solidario

Domicile

Ecuador

More investments in

Banco Solidario

  • Debt € 8,338,200.00 (2019)
  • 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

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  350,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  07/04/2020

  Subsidy

Banco Pichincha

Financial Institutions

Banco Pichincha

  13,254,016.72

  Ecuador

  09/06/2016

  Debt

EcoEnterprises Partners III

Investment Companies & Funds

EcoEnterprises Partners III

  6,208,300.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Nicaragua, Paraguay, Peru

  22/05/2019

  Equity

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  3,000,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  24/10/2019

  Equity

Hidrosierra

Infrastructure

Hidrosierra

  19,650.60

  Ecuador

  24/06/2019

  Subsidy

Hidrosierra

Infrastructure

Hidrosierra

  5,240,160.00

  Ecuador

  24/07/2019

  Debt

Banco D-Miro

Financial Institutions

Banco D-Miro

  4,372,500.00

  Ecuador

  14/10/2015

  Debt

Banco Visionfund Ecuador

Financial Institutions

Banco Visionfund Ecuador

  6,113,520.00

  Ecuador

  07/08/2019

  Debt

Banco Solidario

Financial Institutions

Banco Solidario

  8,338,200.00

  Ecuador

  27/06/2019

  Debt

Banco Solidario

Financial Institutions

Banco Solidario

  77,220.00

  Ecuador

  10/09/2012

  Subsidy

Banco Solidario

Financial Institutions

Banco Solidario

  5,987,000.00

  Ecuador

  15/05/2012

  Debt

Banco Guayaquil

Financial Institutions

Banco Guayaquil

  13,100,400.00

  Ecuador

  07/05/2019

  Debt