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Expansion of Formal Financial Services to Semiurban & Rural Microentrepreneurs
EN

Project Detail

Country

Ecuador

Project Number

EC-M1031

Approval Date

October 24, 2007

Project Status

Closed

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

MICROENTERPRISE DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 4,500,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 4,500,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
117/MS-EC-1 Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
117/MS-EC-2 Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
117/MS-EC-3 Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
117/TD-EC-1 Non-Sovereign Guaranteed USD - United States Dollar Specialized Financial Intermediary Devel MIF Financing
117/TD-EC-2 Non-Sovereign Guaranteed USD - United States Dollar Specialized Financial Intermediary Devel MIF Financing
117/TD-EC-3 Non-Sovereign Guaranteed USD - United States Dollar Specialized Financial Intermediary Devel MIF Financing
Operation Number 117/MS-EC-1
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing
Operation Number 117/MS-EC-2
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing
Operation Number 117/MS-EC-3
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing
Operation Number 117/TD-EC-1
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Specialized Financial Intermediary Devel
  • Financial Instrument: MIF Financing
Operation Number 117/TD-EC-2
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Specialized Financial Intermediary Devel
  • Financial Instrument: MIF Financing
Operation Number 117/TD-EC-3
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Specialized Financial Intermediary Devel
  • Financial Instrument: MIF Financing
Publications
Published 2022
From Wells to Wealth? Government Transfers and Human Capital
To study the causal impact of oil royalties on human capital, we exploit quasi-experimental variation arising from a law in Ecuador that transfers resources to municipalities regardless of their oil-producing status. We find that royalties increase the likelihood of students completing primary and secondary education. Students reaching high school are also more likely to pass and excel on the exit exam. Furthermore, schools are more likely to remain open, increase their size, and become more road-accessible. However, the likelihood of students pursuing higher education decreases as they face steeper opportunity costs when labor demand increases.
Blogs
Published 2023
Examining the Effectiveness of a Financial Inclusion Reform in Uruguay
In 2014, Uruguay launched an ambitious financial inclusion program, joining other countries in the region that have sought to give citizens greater access to banking and financial services and encourage the use of electronic payments instruments that avoid the need for cash. Unbanked people in Uruguay, as in other countries of the region, had traditionally lacked
Blogs
Published 2024
Impulsando la inclusión financiera entre los vulnerables
En 2021, sólo el 31% de la población mayor de 15 años en Chile había ahorrado en una institución financiera, con tasas especialmente bajas entre los más pobres, lo que les priva de los beneficios de una serie de servicios financieros, como cuentas de ahorro, crédito y productos de seguros. La importancia de aumentar la
Publications
Published 2020
Encuesta de inclusión financiera con perspectiva de género: Propuesta conceptual
La inclusión financiera de las mujeres es un tema de gran importancia para la política pública; sin embargo, existe aún una brecha sustancial de datos adecuados desagregados por sexo que impide entender las diferencias en el acceso y uso de servicios financieros y las barreras específicas que enfrentan las mujeres. Este trabajo propone una metodología que busca mejorar y estandarizar las mediciones desde el lado de la demanda a través de la incorporación de la perspectiva de género en el diseño de encuestas de inclusión financiera que buscan evaluar las necesidades, limitaciones y preferencias de las personas. Por ejemplo, se propone medir esta dimensiones a través de tres subconjuntos de mujeres: las trabajadoras subordinadas, las emprendedoras o trabajadoras independientes y las mujeres dedicadas al trabajo no remunerado a favor de su hogar o “cuidadoras”. Con base en las experiencias de Colombia, México y Perú, se elabora un marco conceptual sobre la inclusión financiera, considerando las dimensiones de acceso, uso, calidad, educación y protección financiera, además de recopilar un conjunto de buenas prácticas para guiar el levantamiento de encuestas de inclusión financiera con perspectiva de género en América Latina.
Blogs
Published 2022
¿Existe un futuro para las monedas digitales emitidas por los bancos centrales en América Latina y el Caribe?
Desde hace mucho tiempo el impulso a la inclusión financiera es esencial en América Latina y el Caribe, donde más de 200 millones de personas carecen de acceso a servicios financieros y un gran número de ciudadanos no puede abrir una cuenta bancaria debido a la pobreza, la situación geográfica, la discriminación y la falta
Publications
Published 2022
New Products, New Markets: Dragon Fruit in Ecuador
Expanding incomes in Asian countries and changes in fresh-fruit value chains have created an important niche for producers of dragon fruit. Ecuadorean producers have responded and taken advantage of these evolving opportunities and market dynamism. By customizing their products to the specific demands of target markets and complying with the standards imposed by modern buyers, Ecuadorian exporters of dragon fruit demonstrate how challenges related to and opportunities in agri-food markets evolution can be met. This study documents the development of the dragon fruit market in Ecuador, with a special emphasis on the analysis of its value chain. The study additionally identifies and analyzes the main drivers of the success of the production and exports of the fruit and examines the main challenges and needs for improved public policies to promote sustainable growth of the sector. Findings are complemented with interviews conducted with the principal actors in the Ecuadorian dragon fruit industry, as well as a case study that involves several relatively recently formed dragon fruit-producing companies in the Amazon region of the country.
Publications
Published 2022
Strategies to Strengthen Ecuador's High-Value Cacao Value Chain
Since the early nineteenth century, cacao has been an important export earner for Ecuador. Today the importance of this sector remains, as Ecuador is the main producer and exporter of Fine and Flavor cacao worldwide. Motivated by the main transformations of the global food systems and the increasing demand for multidimensional credence attributes, this study examines the present state of Ecuador's cacao industry, identifies areas of opportunity, and discusses how the private and public sectors can work together to meet existing and emerging challenges. Findings are supported by interviews conducted with the principal actors in the Ecuadorian cacao industry and two case studies. The first case study focuses on how associativity can help cacao farmers producing high-quality beans to differentiate themselves and succeed in modern agri-food markets. The second case study explores the success of a local chocolate firm and its links with local cacao farmers. Findings suggest that market trends have created new business opportunities for cacao producers and chocolate processors. These opportunities are most open to firms who can personalize and differentiate their products, for example, through the use of quality certifications such as organic, fair trade, reduced carbon load, etc. More importantly, market developments are driving exporters to enhance the performance of cacao value chains in the country, but the sector requires coordination to capture reputation and credence-based demands for the local cacao.
Blogs
Published 2021
Ciudades Amazónicas del Ecuador: Desafíos y Oportunidades para un Urbanismo Sostenible
Con motivo de la celebración esta semana del Día Mundial del Medio Ambiente queremos acercarnos a uno de los mayores tesoros de América Latina y Caribe: la Amazonía. Con sus 7 millones de km2 de extensión, la Amazonía forma parte de nueve países, siendo Ecuador uno de ellos. La Amazonía ecuatoriana tiene una extensión de
Blogs
Published 2023
Seguridad Alimentaria Urbana: ¿Cómo conectar los sistemas alimentarios de nuestras ciudades?
¿Alguna vez has pensado en el recorrido que sigue la comida desde el campo hasta tu mercado? Esto es conocido como el sistema de abastecimiento y distribución de alimentos, y está compuesto por seis etapas: origen, transformación, almacenamiento/conservación, transporte-distribución, venta y consumo. Las ciudades tienen un rol protagonista en la mayor parte de ellas, por
Publications
Published 2022
Are the Berries Ripe?: Export Potential for Ecuador's Blackberry Production
Blackberry production has been common for decades in Ecuador''s inter-Andean valleys, but a fresh or processed export industry has not emerged despite export successes experienced in neighboring countries. This case study examines the potential for expansion of blackberry export market and identifies several key barriers: low volume of production for export, phytosanitary and other obstacles constraining production at scale, lack of support services from the public sector, and lack of an organizational presence for producers seeking alternative markets. While production of blackberry is relatively high, and markets and an export window exist, Ecuadors industry needs vision and leadership for a viable export industry to emerge.
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