MiCrédito – Nicaragua
Nicaragua, with almost 6 million inhabitants, is the second poorest country in Latin America. The capital, Managua, has 1.8 million inhabitants.
MiCrédito SA was originally created as an NGO in 2004 by MEDA (Mennonite Economic Development Associates) and became a public company in September 2012. The institution operates in three geographic areas of Nicaragua and covers urban and rural areas through a network of 9 branches. There main activities, however, are in and around the capital Managua.
Their mission is to provide a prosperous future to micro and small entrepreneurs by providing them with business and social development services. MiCrédito offers a total of 7 different types of individual loans, the most important being for the trade and services sector. Their clientele consists of entrepreneurs dedicated to urban or rural micro-enterprise, to farmers, and also to students to finance their studies.
The institution also offers clinical services in an agency in Managua with a health clinic to provide medical examinations, for example, for cervical cancer, a major cause of mortality among Nicaraguan women. In addition, through a partnership with Global Partnerships, MiCrédito is present in the clean energy sector, helping to meet the energy needs of rural populations.
More information about MiCrédito here.
