In Ecuador, Banco Pichincha has developed a range of loans for the most vulnerable populations, who are often located in rural areas. This microfinance activity improves financial inclusion in the country.
Banco Pichincha was founded in 1906 and is today the largest bank in Ecuador and a leading national player in the microfinance sector – which accounts for 12% of its portfolio. The institution has developed a range of loans for the most vulnerable populations and rural areas. Thanks to a network of 193 branches, Banco Pichincha has a strong nationwide presence and high-quality support services.
Proparco’s financing will support Banco Pichincha’s microfinance activities. It is Proparco’s first operation in the country.
This operation will contribute to improving financial inclusion for populations in Ecuador. It will contribute to the development of income-generating activities and to strengthening the local economic base. It will have a positive impact on the incomes of clients and their families.
a third LOAN IN 2018
A second loan to support the action of Banco Pichincha