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funding gap emerging markets

Espoir 4

  • Espoir
  • Invest in microfinance
  • + 599 other investors
  • Espoir's group loans empower female entrepreneurs in Ecuador to grow economically. They share their experiences and benefit from educational sessions. Your investment boosts gender equality and offers micro business loans to 188 women. *EUR/USD exchange rate risk*

    24 months
    6 months
    Maturity24 months
    Repayments6 months
      Fully funded in 26 days on 18 March 2024.

      Explore the project

      Please note: 1st principal repayment after 12 months instead of 6 months. However, the interest payments start after 6 months.

      Espoir is an Ecuadorian NGO founded in 1992 and is dedicated to supporting female microentrepreneurs. Through group loans and educational sessions, these women, many of whom are heads of their households due to circumstances like single motherhood, find empowerment. These female entrepreneurs often operate in the informal sector and are easily overlooked by formal institutions. Espoir's approach stands out by offering more than just financial assistance. The MFI equips women with tools for consistent income and business growth. By investing, you support gender equality in Ecuador and extend group loans to 188 women.

      See how Espoir's group lending transforms Ecuadorian women entrepreneurs and their communities across three generations.


      What social return could your investment make?

      With a rural poverty rate reaching 46% as of June 2023, Ecuador grapples with economic hardships and gender inequality. Espoir's group loans give female entrepreneurs financial support, a feeling of community, and the chance to learn and share experiences.

      However, these loans are just one facet of Espoir's support. Every client with Espoir gets access to medical insurance that covers them and their families. By offering medical insurance, they create a safety net - which represents security and well-being for these women and their families. In 2022 alone, 45,423 educational sessions were organised, providing female entrepreneurs with essential knowledge and skills. During these sessions, small farmers, for example, learn how to grow more and better crops. Also, Espoir's programs strengthen clients' financial stability and ability to handle climate change, which improves their credit risk profiles. 

      Espoir combats poverty and inequality, paving the way for a brighter and more resilient future for Ecuador's female entrepreneurs.

      What financial return could your investment generate? 

      • Annual interest rate 6%.
      • The maturity of the loan is 24 months.
      • Grace period: the first repayment of your investment will be made after 12 months. After that, there will be a repayment every 6 months.
      • With an investment of 1,000 euros, your expected total repayment would be 1,090 euros.
      • Please consider that although you invest in EUR, the loan is in USD, so there is a risk of exchange rate fluctuations between dollars and euros. For more information on potential exchange rate risks, please visit our currency page.

      The story of Espoir

      Ecuador's national poverty rate stood at 27% in June 2023, with 10.8% of the population living in extreme poverty. Espoir actively addresses this challenge. The microfinance institution provides 89,000 loans each year, contributing over $110 million to the economy. By June 2023, they supported 48,927 clients, mainly women who reside in marginalised urban and rural areas. Beyond just financial support, Espoir's mission is multifaceted: to boost economic growth, ensure social progress, and improve health, focusing on Ecuador's microentrepreneurs from underprivileged backgrounds. Stand with Espoir and be part of this transformative journey.

      Espoir in numbers

      • Founded in 1992
      • 425 employees
      • Active in 6 Ecuadorian provinces
      • As of 2023, 48,927 clients are served, 72% women, with 75% residing in rural areas 
      Company nameEspoir 4
      CEOFrancisco Moreno Oleas
      SectorFinancial services
      Credit score3.06


      Espoir is a leading microfinance institution in Ecuador. The MFI is at the forefront of battling the county’s economic hardships and gender inequality, especially in rural areas where poverty reaches 46%. Their primary strategy, group loans, not only offers financial help to female entrepreneurs but creates a sense of community and provides educational support. In 2022, Espoir organized 45,423 educational sessions, and facilitated health support, resulting in 33,000 medical consultations among its microcredit-lenders. Through diverse initiatives like agricultural credits, medical insurance, water and sanitation solutions, and eco-friendly financing, Espoir focusses on a more equitable, educated, and resilient Ecuador, particularly uplifting its female population.


      SDGs impacted

      Espoir has established partnership agreements with 11 institutions, including UNHCR, HIAS, PROXFIN, and GIZ, to collaboratively pursue the UN’s Sustainable Development Goals (SDGs). With this project, you are contributing to the following SDGs:

      SDG 1 - No Poverty

      SDG 5 - Gender Equality

      SDG 8 - Decent Work and Economic Growth

      SDG 13 - Climate Action


      Read more about the impact you can make through our platform and the SDGs on our impact page.


      Related blog posts

      Read the introduction of Espoir as a new investment opportunity here.

      Want to learn more about the informal sector many female entrepreneurs in Ecuador work in? Read this blogpost.

      Want to learn more about how financial inclusion can thrive entrepreneurship? Read here.

      • With this investment 188 lives are improved

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      We have already contributed to Espoir 4

      Erik Vos
      Jérome SERANT
      Piet van der Kooi
      Ron van Eijk
      Rick Dickhof
      + and another