Bono de Desarrollo Humano
The Bono Solidario pays monthly means tested benefits to poor households with children, elderly and the disabled. Specifically, transfers of approximately USD 35 a month are provided in exchange for beneficiaries keeping their kids enrolled in school and visiting health posts regularly for growth and development check-ups and immunizations.
Target Population: Children
Year Program Started: 2003
Program Status: Active
Payment and Delivery Details
Delivery Method: Combination via Bank
Payment & Delivery Description:
The beneficiary household receives a fixed payment of USD 35. This amount is delivered in cash to pay points and electronically to cash cards.
Data on this program was drawn from: Barrientos, Armando et al. Social Assistance in Developing Countries Database Version 5.0. Manchester, England: The Brooks World Poverty Institute, University of Manchester, 2010. Available from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1672090&download=yes Base de datos de programas de protección social no contributiva, División de Desarrollo Social, CEPAL. Available from http://dds.cepal.org/bdptc/ Fizbein, Ariel and Schady, Norbert. Cash Transfers: Reducing Present and Future Poverty. Washington, DC. World Bank. 2009. Available from http://siteresources.worldbank.org/INTCCT/Resources/5757608-123422826600... Maldonado, J. et al. Los Programas de Transferencias Monetarias Condicionadas: ¿Hacia la Inclusión Financiera de los Pobres de América Latina? Serie: Análisis Económico, 26. Centro Internacional de Investigaciones para el Desarrollo e Instituto de Estudios Peruanos, 2011. Available from http://www.todascuentan.org/sites/default/files/LIBRO%20Programas%20de%2... Conversions from local currency were made using Oanda.com backdated to January 1st on the year the data was published. For some programs, the number of individuals reached was estimated by assuming an average household size per beneficiary of 5.
Did You Know?562,470 individuals were able to save via Cash Card (store of value only)
BDH started a financial inclusion policy in 2007, which consists of 1) providing access to subsidized credit to its beneficiaries through public and private institutions. The credit was denominated Credito de Desarrollo Humano (CDH) and 2) the option to receive payment on a electronic cash card call the “Tarjeta MIES bono rapido” via one of several financial institutions (Prodbanco, Banco de Guayaquil & Banco de Pichincha). Beneficiaries can only make use of the card once a month to retire the total amount of the program’s monthly transfer. Card users are not charged a fee for the use of one of the 1600 ATMs in the country’s network regardless of which Bank owns the ATM. By the end of 2009, only 7.1% of program beneficiaries (118,090) had obtained a CDH and 22% (179,000) are using the cards.