Established: 1996Location: Paute Azuay EcuadorNumber of members: 200,000Number of partners: 120Remittances totals (2014): $45 millionContext: Reconstruction after

disaster JosefinaCrisis: An opportunity to innovate

development finance

Our History

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Jardin Azuayo Cooperative works in a sustainable and effective way to provide community

financial services

Our mission To contribute to socio-economic growth of our members and to

strengthen the local and solidarity economy through inclusive, sustainable, and quality financial services.

Our Purpose/Mission

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Ecuador

15.6 million people

47% population

Social focus:

family and local organizations

By supporting them, we support local community development

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Target Markets

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Offering diverse financial services

(credit, savings) through

trade organizations,

producer associations

civil society groups

Business Growth Focus

Credit Products Products

Small Commercial Enterprises 4 4

Agricultural and livestock products 4 3

PYMES 4 4

Rural and urban productive organizations 5 3

Artisans 4 3

Carriers 3 4

Freelancers 3 3

Entrepreneurs 3 2

Retired 2 5

Migrants 2 5

Foreign Residents 2 5

Public and Private Employees 3 5

Housewives 2 3

Other productive sectors 4 3

Level of relevanceTarget

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Our Growth

TOTAL ASSETS: US $498+ MillionPATRIMONY ASSETS: US $ 63.5 MillionPAR 30: 3.53%LIQUIDITY: 16.86%COVERAGE: 138.72%RISK RANKING Mar - 2015 A

Project support:

Project COOPFIN CREAR: 1998 2009Funder: Swiss Agency for Development and Cooperation

Remittances Initiative: 2010 2012Funder: Multilateral Investment Fund/Inter-American Development Bank

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Swisscontact Donor projects

Swisscontact role in successful partnership/business growth:

Technical assistance Management/leadership support

Training for developing new savings and credit products

Financial literacy Support and strengthen integration of cooperative network

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Swisscontact Donor projects

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Remittances (May 2015): $5+ Million, 14,000 transactions

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Remittance customers become savings and credit customers

The cooperative does not have a

traditional banking customer

base. Its customer base is

located in an area with high

migration, which contributes to

unique market characteristics.

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Offer financial literacy training to remittance customers

24 cooperative educators, whose areas of work are:

Providing clients with information on advantages of savings, credits

Promoting the services of the cooperative

Creditworthiness: Remittance history is an important factor

Using remittances in credit determination,

Jardin Azuayo facilitates the financing of

new enterprises, especially for migrants

who have family members abroad.

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Remittance transactions shift from family/social support to investment in training/family businesses

Partner: Santa Ana Parish supporting family-owned business raising guinea pigs

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Canton Sigsig partner, dedicated to making straw hats the panama hat.

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Gualaceo partner in her handmade shoe factory, with support from her two migrant brothers

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Future actions for working with remittances

STRA

TEGY

Quality

Proximity

Service

Chat online

Line US, Spain, Italy

DirectCommunication

Swift

Bank CorrespondentTransfer Channel

Improved WebFinancial Literacy

trainingSavings, Credit ServicesBusiness lending

Diversification of services

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Thank you for your attention