Banco Solidario

Date Shared:

Friday, January 3, 2014 - 12:15

Countries and areas:

Ecuador, Spain

2030 Agenda migration-relevant and related target Labels:

Goal 10: Reduced inequalities

GCM Thematic Cluster Areas:

Objective 20: Promote faster, safer and cheaper transfer of remittances and foster financial inclusion of migrants

Contributors:

Business

Chairmanship:

Belgium 2007

Geographical Relevance:

National

Tags:

Migration, Trade and Investments, Public-Private Partnerships

Summary:

The Banco Solidario provides small loans at very competitive rates for migrants departing to Spain in order to cover the costs of their flight, the first days in Spain and family support until the migrant receives his/her first pay.

Link:

For more information: http://www.banco-solidario.com/

GFMD Source:

GFMD 2007 - Roundtable 1.2 "Empowering Migrants and Diasporas to Contribute to Development