Enabling Impact in Ecuador
Voices of Change: Galapagos Flores | Produbanco
At EQ, we focus on providing capital that drives sustainable development. One of our key success stories is Galapagos Flores, a leader in Ecuador’s flower industry for over 30 years. Through our partnership with Produbanco, we’ve helped Galapagos Flores expand and contribute to local communities while reaching international markets.
Galapagos Flores: From 5 to 23 Hectares of Sustainable Growth
Starting with just 5 hectares, Galapagos Flores has grown to an impressive 23 hectares, with 17 hectares currently under cultivation. They export premium roses to major markets, including the United States, Canada, South America, Europe, and Russia. This growth has been fueled by Produbanco’s dedicated credit line, which funds investments in infrastructure, improves post-harvest facilities, and promotes sustainable practices.
Produbanco: Financial Partner for SMEs
Established in 1978, Produbanco is a key financial institution in Ecuador, focusing on supporting small and medium-sized enterprises (SMEs). With 128 branches Produbanco serves over 334,000 borrowers, with 44% of them being women. Through its innovative banking products, Produbanco helps businesses overcome economic, geographical, and cultural barriers to growth.
Green Credit: Financing Sustainability
The introduction of green credit has enabled Galapagos Flores to access financing at lower interest rates due to their sustainability certifications. This funding has not only facilitated environmentally responsible production but has also reinforced fair labor practices, ensuring the well-being of their workforce—a key to their long-term success.
Impact on the SDGs
- SDG 8: Decent Work and Economic Growth
Produbanco’s credit line has enabled Galapagos Flores to create local jobs, improve labor policies, and support sustainable economic growth. - SDG 9: Industry, Innovation, and Infrastructure
By funding investments in post-harvest facilities and cold storage infrastructure, Galapagos Flores has enhanced its operational efficiency, enabling them to scale sustainably. - SDG 12: Responsible Consumption and Production
Galapagos Flores’ commitment to sustainability ensures that their production methods meet international environmental standards. - SDG 13: Climate Action
Through green credit, Galapagos Flores has implemented practices that reduce their environmental impact, contributing to global climate action goals.
By leveraging Produbanco’s green financing solutions, Galapagos Flores has become a model of sustainable business growth. Their global recognition showcases regional talent and fosters economic inclusivity in Ecuador’s flower industry.
As Galapagos Flores continues to expand, their partnership with Produbanco demonstrates how targeted investment can drive both economic growth and environmental well-being.