Capace is a non profit organization that arises from a concrete need: the lack of appropiate financing for people living in highly vulnerable neighborhoods. Due to their informal and vulnerable condition where they don't have formal guarantees or documented incomes forces people to pay high costs for loans or just remain excluded from all kinds of financing. On the other hand, many of the loans they have access usually turn to a heavy debt that prevent them from growth and prosperity and forces them to make unacceptable sacrifices to pay their dues.
We seek to ease their financial lives through convenient financial insturments that contemplate their vulnerable economic situtation. We believe that by providing these tools they will be able to improve their quality of life and build assets in a sustainable way.
It all started back in 2015, when we disbursed our first microloans to five families living in a highly vulnerable settlment in Jose C. Paz, Buenos Aires. Little by little we kept growing steadily as we learnt from other experiences in other parts of the world, and try to imitate those with the most impact.
Urban settlement "La Base" in Jose C. Paz.
Here, we disbursed our first loans
Indeed, there are many barriers and obstacles that arise when someone cannot cover his basic needs and of his family. In fact, our lens needed to change so we could design our products and services in our client's best interest. We focused on enabling our clients improve their income and reduce their vulnerability through flexible repayment schedules and many facilities in case of economic stress.
In 2017, we started our activity in Florencio Varela and Retiro following our plan of expanding in the poorest settlments of Buenos Aires. Thanks to our new delegates we have a very close approach to our clients and a better understanding of their ways of life.
Our delegates are a core element of the organization since they are the bond between the people living in the neighborhood and Capace. In this way, we can offer the most adjusted and accesible services. They also inform us about the needs, issues and preferences of the people in their neighborhoods. Thanks to them, we can stay in touch with our clients in the most productive way.