Founded in 1996, COAC Azuayo is the second-largest cooperative in Ecuador. A business model based on close contact with its clients and dedicated credit products has enabled them to grow consistently, with excellent brand recognition countrywide.
Due to the increasing demand, COAC Azuayo extended its network through strategic partnerships with grocery stores to perform basic transactions like withdrawals linked to deposits. On the other hand, the support to its clients through housing loans has been a positive feature of the MFI, not only for the MFI’s interest to improve its client recognition but also because it shows the commitment and its mission to improve the quality of life of its clients.
In general, the Housing Microfinance portfolio contributes to over 30% of the cooperative’s overall portfolio and remains a key product to be featured and grown. The cooperative has received financing under the MicroBuild Fund and remains an important client to be supported going forward.