{"id":3904,"date":"2018-01-23T08:37:06","date_gmt":"2018-01-23T07:37:06","guid":{"rendered":"https:\/\/philea.coop\/?p=3904"},"modified":"2024-02-02T16:00:11","modified_gmt":"2024-02-02T15:00:11","slug":"coacsac","status":"publish","type":"post","link":"https:\/\/philea.coop\/en\/coacsac\/","title":{"rendered":"Coacsac"},"content":{"rendered":"
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Member since 2018<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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USD credit 150'000<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The COACSAC credit and savings cooperative was created to facilitate access to credit for indigenous populations in central Ecuador. Today it has nearly 125,000 members.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Project description<\/h3>

In 1980, in the rural parish of Ambato, representatives of the indigenous community created an informal saving and credit service. In 1999, the service was legalized as a Savings and Credit Cooperative under the name COACSAC. In 2019, it merged with another similar cooperative to achieve economies of scale. In 2023, it has 12 branches, mainly in the central and northern Sierra region of the country.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Challenges & perspectives<\/h3>

Control the portfolio\u2019s risk at member level.
Strengthen its equity.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Key figures<\/h3>

Total assets:<\/strong> USD 108\u2019431\u2019247
Equity:<\/strong> USD 10\u2019520\u2019060
Turnover:<\/strong> USD 15\u2019461\u2019205
Net result:<\/strong> USD 362\u2019918
Number of beneficiaries:<\/strong>
Women: 59\u2019985
Men: 62\u2019254<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Philea\u2019s Intervention<\/h3>

Purpose\/purpose of funding:<\/strong>
working capital
Disbursement:<\/strong> June 2022
Loan size:<\/strong> USD 150\u2019000
Outstanding:<\/strong> USD 150\u2019000
Guarantee:<\/strong> portfolio guarantee
Repayment:<\/strong> according to schedule. Renewal request in progress.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Usefull data<\/h3>

Country:<\/strong> Ecuador
Head office:<\/strong> Ambato
Philea member since:<\/strong> 2018
Web site<\/a><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Impacts<\/h3>

Access to credits and savings for indigenous populations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Member since 2018<\/p>","protected":false},"author":2,"featured_media":1823,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","iawp_total_views":6,"footnotes":""},"categories":[25],"tags":[33],"class_list":["post-3904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-institutions-de-microfinance","tag-equateur"],"acf":[],"_links":{"self":[{"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/posts\/3904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/comments?post=3904"}],"version-history":[{"count":0,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/posts\/3904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/media\/1823"}],"wp:attachment":[{"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/media?parent=3904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/categories?post=3904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/philea.coop\/en\/wp-json\/wp\/v2\/tags?post=3904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}