Microfinance in Ecuador in the Public Sector
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Authors
McCoy, Lauren
Issue Date
2010
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
The purpose of this study is to examine micro finance in the public sector in Ecuador,
specifically looking at the Banco Nacional de Fomento and its first microfinance program, the
555 plan, which was implemented in May 2007. The 555 plan gives borrowers $5,000 over 5
years at 5% interest rate. Because the 555 plan started in 2007, it is still not certain that loans
will be repaid at the end of five years nor is it certain that this will be a successful poverty
alleviation program. By combining an examination of microfinance and the Grameen Bank, the
socio-economic and political stability of Ecuador, and the 555 program objectives and
operations, we will be able to see that despite political and economic instability, the 555 program
has potential to eliminate poverty by employing more specialized and individualistic strategies
for borrowers, focusing on education and lending to women.
Description
45 p.
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License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.