Microfinance Continues to Improve in Nicaragua

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

Thursday, December 11, 2014

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.

Elnuevodiario.com.ni reports that "... The sector expects to achieve a growth of 15% to 20% in 2015 in the loan portfolio, and between 5 and 7% in the number of customers. It also projects paying about $228 million next year. Microfinance companies hope to achieve in 2016 the portfolio they had before the global economic recession and the emergence of the Non-Payment movement."

Alfredo Alaniz, executive director of the Nicaraguan Association of Microfinance Institutions, added "... The credit portfolio in 2008 amounted to $246 million and the number of microfinance clients totaled 350,382. But in the most critical part of that sector, the portfolio decreased to $145 million in subsequent years. "

More on this topic

Costa Rica: Unregulated Growth in Microcredit

July 2015

The number of companies providing quick loans at high interest rates to people who are not eligible for credit in the financial system has increased.

The market segment that caters to people who are not eligible for credit in the formal financial system has grown in recent years. One example is Instacredit, whose loan portfolio balance has increased at a rate of 25% a year since 2010, according to Nacion.com.

Lack of Capital in Microfinancers

April 2012

In Nicaragua, the ‘No Pago’ (Non Payment) movement has generated such distrust in international sources of finance that this year credit lines -which were $80 million-, have barely reached $5 million.

MFIs received less than $5 million in the first quarter of 2012 from international lending institutions, which directly affects their ability to offer more microloans, said Alfredo Alaniz, executive director of the Association of Microfinance Institutions (ASOMIF).

Microcredit Grows in Guatemala

April 2012

Between 2010 and 2011 the microfinance portfolio increased by 23%, going from $84 million to $104 million, averaging $529 per loan.

From the Journal of the Chamber of Industry of Guatemala:

Microfinance institutions in Guatemala maintain a dynamic support for the development and growth of thousands of micro and small businesses around the country, especially in rural areas.

Nicaragua: Microfinancers Looking For Loans

September 2011

Foreign funding may not arrive, so support is being sought from domestic banks.

The possibility of external funding being log jammed making it impossible to use in programs for 2012 has led the Association of Microfinancers in Nicaragua to seek alternative financing nationwide.

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