Jardín Azuayo was established in 1993 with 120 founding members in Paute, a canton in the province of Azuay, in response of the natural disaster caused by the landslide at La Josefina. The aim of the cooperative was to service the residents of the region who were hit by the disaster, and additionally didn´t have a local financial institution that could help them, and at the same time make sure that the money that was earned and saved in the province would stay and be reinvested in the area.
Since 2006, Jardín Azuayo is a regulated entity supervised by the Financial Superintendency (SBS). It currently has 27 full-fledged branches, 3 sub-offices and operates in the South of Ecuador. It administers and leverages local savings funds to help finance the development of housing and social interest projects and for the promotion of productive microenterprises.