COAC Santa Anita obtains its first Social Performance and Impact Rating

The Cooperativa de Ahorro y Crédito Santa Anita Ltda. (COAC Santa Anita), founded in 2001 with the objective of supporting the development of the indigenous farming sectors of northern Ecuador, has obtained an SPIR rating of SP4 +.

Santiago Arnaudin, Director of Social Ratings of I[SR] said: “Santa Anita COAC demonstrates a clear orientation towards its members and clients, reaching the most disadvantaged sectors of the provinces of Imbabura and Carchi. Likewise, stands out the high willingness of the management team to improve in terms of social performance and its great receptivity to external feedback. However, the persistence of certain financial risks is a short-term concern on which the organization must continue working in order to consolidate its financial sustainability.”

You can access the report here: