Fundación de Apoyo Comunitario y Social del Ecuador (FACES) focuses on four areas: enterprise development (through microfinance), community development, healthcare and environment. The core of FACES’ offering consists of microcredit and non-financial services to agricultural producers and micro-entrepreneurs in the southern provinces of Ecuador. Specific target clients are women and agricultural producers. FACES furthermore serves families with handicapped people, through a special credit product and rehabilitation services. Because of its strong social and environmental focus and its strong roots in gender empowerment Hivos-Triodos Fund has provided a loan to FACES.
KEY INDICATORS as of 31 December 2015:
- number of loan clients: 14,480
- percentage female clients: 57%
- percentage rural clients: 45%
- average loan amount: EUR 1,603
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.