Espoir 18
Three generations of women from the family Anchundia earn an independent income thanks to a microloan from Espoir. Espoir is committed to the economic independence of women in Ecuador.
The project
Three generations of the family Anchundia borrow from Espoir. With their loan, each of them has been able to grow their activities into a small business. The family raises chickens, runs a small shop, and sells homemade meals in their neighbourhood.
More than 70% of Espoir's clients are women. Through group loans, the organisation makes credit accessible to female entrepreneurs. With these group loans, women borrow together: each member is responsible for her own loan, while the group as a whole acts as guarantor. This allows women with little collateral to still access financing. In addition, Espoir provides education and training where needed.
Your investment in Espoir contributes to the economic independence of generations of women in Ecuador. Will you join us?
Your investment
- Annual interest rate: 8%
- With an investment of €1,000, the expected total repayment is approximately €1,070
- Maturity: 18 months
- Repayments: quarterly. You will receive a repayment, including interest, every 3 months. Meaning there will be 6 repayments in total.
- 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.
Espoir
Impact
In Ecuador, where Espoir operates, access to financing is a lifeline, especially in rural areas, where poverty affects nearly half the population and extreme poverty is alarmingly high. While financial hardship exists nationwide, rural entrepreneurs face even greater barriers to securing capital. Women, who make up the majority of Espoir’s borrowers, often have the hardest time accessing resources to grow their businesses. That’s why Espoir goes beyond microcredit, combining financial support with business education and health services across six provinces. By equipping low-income entrepreneurs with the tools they need to succeed, Espoir fosters long-term economic resilience and stronger communities.
- Percentage of female borrowers: 72%
- 94% of Espoir's borrowers say their quality of life improved in at least one way. Source: Survey conducted by 60dB.
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