4 de Octubre 8
In Ecuador, entrepreneurs work hard to build a better future, yet access to finance remains limited, especially in rural areas. Cooperative 4 de Octubre provides loans to entrepreneurs in agriculture, trade, and retail. Your investment creates opportunities for entrepreneurship and local employment.
The project
In Ecuador, driven entrepreneurs work every day to improve their livelihoods. Yet many face significant challenges. In rural areas, more than 43% of the population lives below the poverty line, and access to financing is often limited.
Cooperative 4 de Octubre creates opportunities. This financial institution operates in Ecuador’s Chimborazo province and supports entrepreneurs who want to start or grow their businesses. It offers loans at relatively low interest rates to entrepreneurs active in agriculture, trade, and retail. These sectors play an important role in creating local employment and supporting economic growth.
What makes this cooperative particularly notable is that its management team consists entirely of women. From this position, they actively promote accessible financing for entrepreneurs who often struggle to obtain loans from traditional banks.
Your investment contributes to entrepreneurship and the creation of local jobs in Ecuador. Will you join?
Your investment
- Annual interest rate: 6.25%
- With an investment of €1,000, the expected total repayment is €1,062.50.
- Maturity: 12 months
- Repayments: You will receive your investment including interest after month 12.
- Currency: Dollar. Please note that although you invest in euros, the loan is in dollars, so there is a risk of exchange rate fluctuations between dollars and euros. Visit our page on exchange rate risks for more information.
4 de Octubre
Impact
Your investment in 4 de Octubre creates a direct positive impact in the Chimborazo province of Ecuador, where poverty, unemployment, and safety are significant challenges. With 64.9% of the population living in poverty, there is a strong need for opportunities to improve their living standards. By supporting local entrepreneurship with financing and expertise, 4 de Octubre helps create jobs and strengthens the local economy. Investing in microfinance in this way contributes to sustainable economic development, improving the quality of life and resilience of many vulnerable families.
Related blogarticles
- Want to learn more about how financial inclusion can thrive entrepreneurship? Read here.
- Have a look at the many other microfinance institutions in our portfolio.
Discover more - Log in or create an account
To protect our partners, certain information is only available when you are logged in. Log in, or create a free account if you are new to Lendahand!