Credit to micro-finance institutions increases in Central America

Despite a less favorable macro-economic environment, the credit portfolio of the micro-finance sector in Central America grew 28% in 2007 in comparison to the previous year.

Tuesday, August 26, 2008

Reynold Walter, president of the Central American Network of Micro-Finance Institutions (Redcamif), reported that in 2007 some 99 micro-finance institutions from Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and Panama granted loans worth US$676.6 million to 814,344 micro-businesses.

More on this topic

Guatemala Needs Standards for Microfinance

January 2011

A law regulating the microfinance market would open the opportunity to capture savings that currently can only be done through cooperatives and banks.

The article by Byron Dardón in, reports that the bill on microfinance is expected this year and has the support of the Financial Inclusion Program of the Treasury of the United States, which promotes the adoption in Latin American countries of market governing rules.

Nicaragua's Country Risk Affects Micro-financing

August 2010

The "No Payment" movement is scaring US and European investors, threatening the arrival of $70 million worth of funds for micro finance companies.

"In the last Central American Microfinance Conference the challenges and opportunities faced by the sector were discussed and the Guatemalan moderator, Reynold Walter, concluded by highlighting that governments should discourage 'no payment' movements, which received a round of applause from the attendees.

Nicaragua: Recovery in Microfinance

June 2015

Nearly three years after the crisis caused by the No Pago movement, the sector is growing at an annual rate of 12%, driven by traditional credit, micro-insurance, and health services.

The microfinance sector is beginning its gradual and cautious return to agriculture, the sector most affected by the No Payment Movement, and is taking risks in projects by small agritourism farms.

Microfinance Continues to Improve in Nicaragua

December 2014

So far this year microfinancers have provided loans totaling $197 million, above the $184 million lent at the end of 2013.

Microfinance companies expect to close 2014 with a loan portfolio of approximately $206 million, representing an increase of 11.5% and 4% increase in the number of clients served, compared to last year.

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RC Consultoría Corporativa

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.
Phone: (502) 2334 2380

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