Nicaragua: $7.7 Mllion for Micro-financing

In 2010, the government will contribute $7.7 million for lending money to single mother families.

Monday, February 1, 2010

According to official statistics, the program, called “Zero Usury” (“Usura Cero” in Spanish), has granted 111.683 loans in the last two and a half years, in 140 municipalities.

“President Daniel Ortega explained that the resources for the program come from ALBA funds, Taiwanese cooperation and the Republic’s budget”, reported Capitales.com.



More on this topic

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.

The Lesson is Clear: Debts Must Be Paid

September 2012

The microfinance sector in Nicaragua, once the best in the region, is just beginning to overcome the deep crisis caused by the ‘No Pago’ (Non-Payment) movement.

In her article in Laprensa.com.ni, Gisella Channels Ewest notes that "In the two decades of its existence the microfinance sector in Nicaragua it has never faced a crisis as profound as that caused by the movement of producers and traders from the North. '

Boost for Microfinancers in Panama

November 2011

The BBVA Foundation and AMPYME have agree to the first private-public partnership for microfinancers in Panama.

The Microfinance Foundation of the Spanish bank BBVA has teamed up with the Authority for Micro, Small and Medium Enterprises in Panama to promote the use of financial products from these companies.

Credit to micro-finance institutions increases in Central America

August 2008

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.

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.

 close (x)

Receive more news about Finance

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Aug 5)
Brent Crude Oil
70.740
Coffee "C"
179.20
Gold
1,803
Silver
25.185