Fundación Acción Social Caritas (FASCA) Prog.Mujer Solidaria Diócesis de Santo Domingo - UCADE - CRS

Gross Loan Portfolio USD, 2010: 2.3 million

Number of active borrowers 2010: 4,511

Average loan balance per borrower USD, 2010: 505.2

Deposits USD, 2010: 0.0

Assets USD, 2010: 2.9 million

Number of depositors 2010: 0

Mission:

La Fundación Acción Social Cáritas es una organización eclesial, constituida legalmente perteneciente a la Diócesis de Santo Domingo en el Ecuador, inspirada en el Evangelio y la doctrina social de la Iglesia, promueve los derechos y el desarrollo integral de la persona, la familia y la ... Read more

Background and Main Challenges:

La Fundación Acción Social Cáritas, busca alcanzar el más alto nivel en la calidad de sus servicios desde el punto de vista cristiano, ético y técnico, potenciando el desarrollo integral del personal y al mismo tiempo involucrando a los beneficiarios de sus programas como protagonistas y ... Read more

Address:

Av. Chone 520 y Abraham Calazacón

Santo Domingo de los Tsáchilas

Ecuador

Phone:

(593 2) 370-0906

Fax:

(593 2) 370-0906

Website:

www.ucade.org

Main Funding Sources:

Loans

Products and Services:

Loans

Services Provided:

Business Development Services

Health

Looking for (Investment Types):

Equity

Capacity-Building Grants

Donations

Guarantees

Loans in US$

% Operations Comprised by MF:

11 - 20

Date established:

Jan 1 1996

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Women	1
Clients living in rural areas	2
Clients living in urban areas	3
Adolescents and youth (below 18)	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
Improvement of adult education	5
Health improvement	6
Employment generation	7
Gender equality and women's empowerment	8
Children's schooling	9
Water and sanitation	10
Housing	11
Youth opportunities	12
+ Poverty targets
Very poor clients
Poor clients
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
+ Savings products offered
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
Basic medical services
+ Women's empowerment services offered
Women's rights education/gender issues training
Counseling/legal services for female victims of violence
+ 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).
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
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
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
RFR	Network Affiliation

MFI Report