2025.04.30
On April 4, 2024, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Banco Solidario S.A. (hereinafter, “Solidario”) in the Republic of Ecuador, for Private Sector Investment Finance Project, and held the signing ceremony on April 28.
The loan is co-financed with the Inter-American Investment Corporation (IDB Invest) under the CORE (Cooperation for Economic Recovery and Social Inclusion), a partnership framework between IDB Group and JICA.
Signing ceremony
Client interview
Terms and Amount of Loan
1. Borrower
Banco Solidario S.A.
2. Country (Target Areas)
Republic of Ecuador
3. Loan Amount
10 million USD
4. Project Title
Project for Support to Financial Inclusion of Vulnerable People
5. Project Purpose
The project aims to improve the financial access of micro-businesses run by low- and middle-income people, including vulnerable groups (women, young people, and immigrants) in the Republic of Ecuador, by providing loans to Banco Solidario S.A., thereby contributing to improving the livelihoods of vulnerable groups, reducing inequality, and reducing poverty in the country.
6. Project Component
The Project provides loans to be sub-loaned through Solidario to micro-businesses run by low- and middle-income people, including vulnerable groups (women, young people, and immigrants) in the Republic of Ecuador. At least 50 per cent of JICA loan is utilized for loans to women-owned businesses.
7. Contribution to SDGs
Goal 5 (Gender equality)
Goal 8 (Decent work and economic growth)
Goal 17 (Partnerships for the Goals)
- This project is positioned under the Facility for Accelerating Financial Inclusion (FAFI), established in May 2023.
- About CORE:
- Joint Release
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