Cooperativa de Ahorro y Credito San Gabriel

Gross Loan Portfolio USD, 2010: 4.1 million

Number of active borrowers 2010: 1,959

Average loan balance per borrower USD, 2010: 2,093.0

Deposits USD, 2010: 2.8 million

Assets USD, 2010: 5.5 million

Number of depositors 2010: 5,375

Mission:

Mejorar la calidad de vida de nuestros/as socios y socias, impulsando el desarrollo local y regional, otorgando servicios financieros y sociales ágiles y oportunos, a través del trabajo en equipo, con directivos y funcionarios calificados y comprometidos con los valores de la ... Read more

Background and Main Challenges:

Ser la Cooperativa de Ahorro y Crédito modelo en el sector norte del país, sólida y solvente, destacada por su imagen y la atención brindada, innovadora en la prestación de productos y servicios, financieros y no financieros que permitan la satisfacción plena de las demandas de sus socios y socias. Read more

Address:

Bolívar 1435 y Salinas

San Gabriel

Carchi

Ecuador

Phone:

06-2290157

Fax:

06-2290157

Email:

coacsangabriel [at] andinanet [dot] net

Main Funding Sources:

Loans

Products and Services:

Loans

Voluntary Savings

Insurance

Fund Transfer Services

Services Provided:

Health

Other

Looking for (Investment Types):

Loans in Local Currency

Loans in US$

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 1962

FYE:

31-Dec

Current Legal Status:

Credit Union / Cooperative

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in urban areas	1
Clients living in rural areas	2
Women	3
Mayores de 65 años	4
+ Development goals (ranked by importance)
Increased access to financial services	1
Poverty reduction	2
Growth of existing businesses	3
Development of start-up enterprises	4
Housing	5
Health improvement	6
+ Poverty targets
No specific poverty target
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Microcredit for household needs/consumption
Loans for agriculture
Housing loans
+ 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
+ Voluntary insurance products offered
Voluntary life insurance
+ Other financial products and services offered
Remittances services
Pago del Bono de Desarrollo Humano
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
Basic medical services
Servicio odontológico
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target 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
Benefits (medical insurance, pension contribution)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Portfolio quality
+ Social responsibility to the environment
This institution raises clients' awareness about environmental impacts
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
RFR	Network Affiliation

MFI Report