QUITO, Ecuador — IDB Invest announced an investment of up to $10 million in a bond issued by Caja Central Financoop, a cooperative financial institution that provides specialized financial products and services, to expand access to financing for microenterprises owned or led by women in Ecuador. The transaction seeks to strengthen financing for women entrepreneurs across the country.

The investment is part of a total bond issuance of up to $20 million, including up to $10 million from additional investors. The proceeds will be channeled through cooperatives and mutual associations affiliated with Financoop. 

This operation marks the beginning of a strategic relationship between IDB Invest and Financoop and contributes to the development of Ecuador's bond market. It also promotes the participation of new investors in development-oriented instruments and channels resources to priority segments that support the country's economic growth.

In addition to financing, IDB Invest will provide technical advisory services to strengthen Financoop's impact measurement and management capabilities. The project will support improvements in the collection, monitoring, and reporting of information related to loans granted to women, enhancing data quality and strengthening the institution's ability to demonstrate the development outcomes achieved through the operation.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting economic development in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of approximately $22 billion in assets under management and more than 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that address the needs of its clients across a wide range of sectors.

About Financoop

Financoop is a second-tier financial institution within Ecuador’s Popular and Solidarity Financial Sector, with 27 years of experience strengthening member savings and credit cooperatives and mutual associations through financial solutions, transactional services, and specialized products. Its purpose is to provide comprehensive support to its member institutions, expanding their capacity to promote financial inclusion, development, and well-being in their communities. Financoop promotes sustainable management based on environmental, social, and governance (ESG) criteria, together with innovation, to contribute to a stronger, more inclusive, and more sustainable Popular and Solidarity Financial Sector. It’s about everyone. www.financoop.net