Proyecto Salud y Crédito Comunitario Diócesis de Latacunga - UCADE - CRS

Gross Loan Portfolio USD, 2010: 1.7 million

Number of active borrowers 2010: 3,705

Average loan balance per borrower USD, 2010: 452.0

Deposits USD, 2010: 0.0

Assets USD, 2010: 1.9 million

Number of depositors 2010: 0

Mission:

Hacer de la pastoral Social el espacio para un TESTIMONIO CONCRETO de evangelizacion, reafirmando la opcion preferencial por los pobres como lugar priviligiado de la accion eclesial, se plantea como experiencia de cpntruccion de un mundo mas justo y solidario.

Background and Main Challenges:

La poblacion mas vulnerable de las areas urbano marginales de la Dioceis de Latacunga, esta atendida con proyectos y promas que promueven la formacion social, el desarrollo integral, la contruccion de una sociedad democratica; y, defiendien la vida, la naturaleza y el ambiente.

Address:

Calle Quito 3601 y Rafael Silva

Latacunga

Ecuador

Phone:

(593) 381-3865

Fax:

03-2811849

Email:

saludycreditolltga [at] andinanet [dot] net

Website:

www.ucade.org

Main Funding Sources:

Loans

Products and Services:

Loans

Training and Consulting

Services Provided:

Health

Other

Looking for (Investment Types):

Equity

Capacity-Building Grants

Donations

Loans in US$

% Operations Comprised by MF:

21 - 30

Date established:

Feb 1 1995

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in rural areas	1
Women	2
Clients living in urban areas	3
+ Development goals (ranked by importance)
Improvement of adult education	1
Health improvement	2
Poverty reduction	3
Gender equality and women's empowerment	4
Children's schooling	5
+ Poverty targets
Poor clients
Low income clients
+ 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
Loans for agriculture
+ Savings products offered
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
Business development services
+ Education services offered
Financial literacy education
Basic health/nutrition education
+ Health services offered
+ Women's empowerment services offered
Leadership training for women
Women's rights education/gender issues training
Derechos de la educacion y alimentacion.
+ Products and services targeting the poor
Products and services specifically designed to target the poor:	Becas a niñ@s y Adolecentes que fueron eradicados del trabajo infantil en la zona de Jose Guango Alto.
+ 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.
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).
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
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)
+ Basis of staff incentives related to social performance
+ Social responsibility to the environment
This institution raises clients' awareness about environmental impacts
+ Poverty measurement tools in use
Grameen Progress out of Poverty Index (PPI)

Partnerships

Current
Name	Relationship
RFR	Network Affiliation

MFI Report