FACES 7
Your investment will provide 92 entrepreneurs in Ecuador with access to financing through FACES, helping them grow their businesses and improve their livelihoods. One of them is Brijida from Catamayo, who cultivates green beans. Thanks to Agro Credit, her harvest has thrived.
The project
FACES is a non-profit microfinance institution (MFI) in Ecuador that creates economic opportunities for vulnerable groups by offering individual and group loans. Their primary focus is on small entrepreneurs in agriculture and trade, with a special emphasis on women, who make up 51% of their borrowers.
FACES on Lendahand
- Active on Lendahand since: April 2022
- Total funds raised: €1,233,607
- Amount repaid: €604,310
- Interest paid: €56,558
- On-time repayments: 7 out of 7 (100%)
Your investment
- Annual interest rate: 8%
- Return: 9%. For an investment of €1,000, the expected total repayment is €1,090.
- Duration: 24 months
- Repayments: Quarterly. You will receive a repayment of your investment plus interest every three months, for a total of eight repayments.
- Currency: dollar. Please note that while you invest in euros, the loan is in dollars, which means there is a risk of currency fluctuations between the two. Visit our page on currency risks for more details.
FACES
Impact
Ecuador faces serious economic challenges: 27% of the population lives in poverty, rising to 46% in rural areas. In 2023, the unemployment rate stood at 3.7%, with many people working in the informal sector without stable incomes or social security. Only 51% of the population has access to formal financial services.
FACES addresses these challenges by offering microloans and training to small entrepreneurs who lack access to traditional banking. Through training in financial management, business operations, and practical skills such as agricultural techniques, they help entrepreneurs stabilize their incomes and reduce poverty. By focusing on vulnerable groups, including women (51% of their borrowers), FACES directly contributes to improving living standards and strengthening Ecuador’s economic resilience.
SDGs impacted
With this project, you are contributing to the =Sustainable Development Goals below. Read more about the impact you can make through our platform and the SDGs on our impact page.
SDG 1 - No poverty
SDG 5 - Gender equality
SDG 8 - Decent work and economic growth
SDG 10 - Reduced inequalities
Related blog posts
- There’s more to learn about FACES as a new investment opportunity in their introduction.
- Did you know female entrepreneurs are essential for a powerful economy?
- Investor and guest blogger Marlous wrote an introduction for you to learn more about gender lens investing.
- 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.
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