Give information about the Save to Learn program

SAVINCO

Savinco is a Spanish entity* that has been working in Ecuador since 2014 with the Save to Learn program. This program seeks to solve the three main financial problems of Ecuadorians: the lack of savings, the constant over-indebtedness (unfortunately it is often related to chulquerismo) and the lack of financial education. These problems pose major impediments to the development of people living in poverty.

Saving to Learn creates savings and credit groups made up of people with a great bond of trust, to whom it provides advice and technology so that they function correctly over time. Thus, it is sought that members generate long-term savings habits, finance themselves without having to depend on third parties and acquire management skills that they can later apply to their businesses and the family economy. Our program is agile and transparent, in addition, Savinco never touches the capital of the groups: the members' savings are always among their members.

Currently the project works in Spain, Mexico, Peru, and Ecuador. In Ecuador, it operates in the provinces of Santa Elena, Manabí, Guayas, and Chimborazo. We already have almost 1,000 savings groups with more than 22,500 members who have managed to prosper at all levels.

Due to the success of the program in other provinces, we also seek to reach the people of Lojanos to offer them opportunities for financial inclusion, and it aligns perfectly with Wellness Fest, since it is a space where there are different entrepreneurs, farmers, among others and cooperation is sought of all for the well-being of the same, our project fits into issues of popular and solidarity economy, providing more opportunities to people who are in social and financial exclusion. Being so, that we promote that Good Living is for everyone and not just for a few, that is what inclusion is all about.

** Website: www.savinco.org