funding gap emerging markets

Espoir is an Ecuadorian NGO established in 1992. This microfinance institution elevates the lives of microentrepreneurs, particularly women, through their community banking initiative launched in 2002. They offer a combination of microloans, business education, and health services. Prioritizing the support of women, who are often left out by traditional financial systems. 

Espoir's commitment and approach have yielded significant results. The microfinance institution provides nearly 89,000 loans each year, totaling over 110 million dollars. By June 2023, they had supported 48,927 clients, and 72% of them were women. Their efforts underscore their dedication to financial inclusion and their goal of driving development and improving living conditions in Ecuador.

General information

BorrowerFundacion para el Desarrollo Integral Espoir
Head officeQuito
Founded 6 February 1992
Active on Lendahand since 4 October 2023
Credit ScoreA

Financial information per 2023-12-31

Portfolio Overview€62,131,254
Leverage ratio77.80%
Write-off ratio last 12 months2.00%
% investment amount in arrears (>90 days)4.47%

About Ecuador

Ecuador is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. Ecuador also includes the Galápagos Islands in the Pacific, about 1,000 kilometers (621 mi) west of the mainland. The population of the country is 18 million and the GDP per capita is USD 5,590. The country's capital and largest city is Quito.

Last funded project