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ACODEP

PARTNER: ACODEP
WEBSITE: www.acodep.org.ni
COUNTRY: Nicaragua
ORGANIZATIONAL PROFILE: ACODEP formed in Nicaragua in 1990 as a private autonomous development organization. Started by a group of graduates of the INCAE Business School, including current Executive President Armando García Campos, ACODEP is among the leading microfinance institutions in Central America. Currently the organization is implementing an IT platform that will significantly influence the microfinance industry by increasing productivity and responsiveness to borrowers.

ACODEP has a nationwide presence through a network of 29 branches and provides its services in both rural and urban settings.

 

GP PARTNERSHIP DETAILS:
  $500,000 loan through Global Partnerships Microfinance Fund 2005
  $750,000 loan through Global Partnerships Microfinance Fund 2006
  Monitoring for $500,000 loan through alliance with Grameen Foundation
  Origination and service for $4 million loan through Developing World Markets


ORGANIZATIONAL VITALS

# of BORROWERS:   70,933 (as of 12/31/07)
OUTSTANDING GROSS LOAN PORTFOLIO:   $34,047,855 (as of 12/31/07)