Cooperativa de Ahorro y Credito San Antonio

Data provided through RFR

Gross Loan Portfolio USD, 2011: 7.1 million

Number of active borrowers 2011: 2,068

Average loan balance per borrower USD, 2011: 3,435.0

Deposits USD, 2011: 4.2 million

Assets USD, 2011: 8.5 million

Number of depositors 2011: 3,508

Mission:

Somos una Cooperativa de Ahorro y Crédito que apoya el desarrollo integral de sus asociados, prioritariamente microempresarios, mediante la prestación de soluciones financieras y servicios complementarios oportunos, a través de un equipo humano capacitado e innovador, con aplicación de ... Read more

Background and Main Challenges:

Continuar siendo una Cooperativa de Ahorro y Crédito que crece de manera constante en el mercado a través de pilares fundamentales de competitividad como eficiencia y transparencia, que nos permitirá alcanzar un mayor posicionamiento en la Provincia de Imbabura.

Address:

Hnos. Mideros y 27 de Noviembre

San Antonio de Ibarra

Imbabura

Ecuador

Phone:

06-2932063

Fax:

06-2932069

Email:

sanantonio [at] andinanet [dot] net

Main Funding Sources:

Loans

Products and Services:

Loans

Voluntary Savings

Insurance

Fund Transfer Services

Looking for (Investment Types):

Equity

Capacity-Building Grants

Donations

Guarantees

Loans in US$

Date established:

Apr 24 1960

FYE:

31-Dec

Current Legal Status:

Credit Union / Cooperative

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Other target market:	1
Int msg targetmothertext c	No tenemos mercado objetivo, atendemos a todos por igual.
+ Development goals (ranked by importance)
Increased access to financial services	1
Poverty reduction	2
Other development objective:	3
Int msg devobjothertext c	Desarrollo de todos los socios en general
+ Poverty targets
No specific poverty target	1
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises	1
Microcredit for household needs/consumption	1
SME loans
Loans for agriculture	1
Loans for education	1
Housing loans	1
+ Savings products offered
Voluntary savings accounts
Compulsory savings accounts (cash collateral)
Fixed term deposits
Special purpose savings accounts
+ Compulsory insurance products required
Compulsory credit life insurance	1
Other compulsory insurance required:	1
Int ps offerinsuranceothertextcompulsory c	Seguro de vida y accidentes
+ Voluntary insurance products offered
+ Other financial products and services offered
Remittances services	1
PAGO DE SERVICIOS BÁSICOS Y BDH
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use