DGRV is active nationwide in the Ecuadorian cooperative sector. The aim of the project is to improve the income situation of micro-entrepreneurs and family farms, as well as to secure the savings of members of savings and credit cooperatives.
At makro level, the DGRV team in Ecuador advises the supervisor of the cooperative sector (SEPS) on legislative proposals and provides assistance in staff training.
At meso level, DGRV works together with the central bank of the Ecuadorian savings and credit cooperatives, FINANCOOP. FINANCOOP strengthens its member cooperatives using DGRV tools in the areas of good governance and social accountability.
At micro level, DGRV works directly with the savings and credit cooperatives. Through a range of software tools, such as the MicroScore (a program to evaluate credit risks for microcredits), DGRV supports the credit unions in their daily work. All DGRV tools used by savings and credit cooperatives aim to promote financial inclusion, especially for the rural population, and to ensure the proper and efficient management of the savings entrusted to credit unions. In doing so, DGRV makes an important contribution to the stability of the Ecuadorian financial system.
In addition, DGRV supports the savings and credit cooperatives in establishing a green credit line. The term “green credit line” refers to a range of financial products such as loans, which are specifically designed to finance investments that make a positive contribution to environmental and climate protection. Also, at micro-level and in cooperation with the credit cooperative “Vis Andes”, DGRV supports associations of family farms in the province of Cotopaxi. By networking several groups and the joint purchase and sale of goods, the families involved in the project should be able to increase their income.
Our project in Ecuador contributes to several Sustainable Development Goals, especially:
SEPS is a government agency with the task of monitoring and regulating the Ecuadorian solidarity economy (savings and credit cooperatives, real estate cooperatives, associations, etc.). With the SEPS we work on regulatory issues and social balance.
FINANCOOP is the central bank of the savings and credit cooperatives in Ecuador. Member cooperatives have the option of providing themselves with liquidity via a credit line. DGRV is working with FINANCOOP in areas such as good governance or social balance.
The Savings and Credit Cooperative Vis Andes offers classic financial services to members as well as non-members. These include, for example, microcredits or savings accounts. Vis Andes is our partner in the project section rural networks.
Rumipamba E2-214 y Av. República
Edif. Signature, Piso 7, Of. 701
170201 Quito – Ecuador
F. +593 (2) 351-8389
ecuador@dgrv.coop
The German Confederation of Cooperatives (DGRV) and its Colombian counterpart CFA Foundation have developed the “Apoyamos – Buen Vivir Rural, We Support, Good Rural Living” Project. This initiative seeks to foster a renewed appreciation for rural life, encouraging communities and small-scale farmers to take the lead in their own development and prosperity. The project’s strategy […]
MoreDGRV project activities in Costa Rica mainly focus on two key areas: We support our partner INFOCOOP, the public cooperative institute, in fostering its supervisory function providing three different softwares for credit union financial indicators, for assessing the internal control systems and performing financial audits of all types of cooperatives. INFOCOOP is also advised by […]
MoreIn the Dominican Republic, DGRV works together with AIRAC (Asociación de Instituciones Rurales de Ahorro y Crédito), an association of rural savings and credit cooperatives. At meso level, DGRV supports the staff of AIRAC’s member cooperatives with training (credit risk, good governance, etc.). At micro level, DGRV provides AIRAC with the software “Social Balance” and […]
More