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FUNDENUSE
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PARTNER: Fundación para el Desarrollo de Nueva Segovia (FUNDENUSE)
WEBSITE: N/A
COUNTRY: Nicaragua |
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ORGANIZATIONAL PROFILE: Founded in the aftermath of Nicaragua's decade-long civil war, FUNDENUSE offers two programs to microenterprises. Fledgling entrepreneurs with little or no credit history can receive small loans--typically, $100 to $200 loans--as a part of solidarity groups. Borrowers receive business management training during the six-month loan period. Once the initial loans are repaid, borrowers are eligible for larger loans for expansion. FUNDENUSE also provides loans on an individual basis to clients with more established businesses and credit histories. These clients also benefit from the technical expertise of FUNDENUSE's small business consultants.
| GP PARTNERSHIP DETAILS: |
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Origination and service for $2 million loan through Developing World Markets |
ORGANIZATIONAL VITALS
| # of BORROWERS: |
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12,066
(as of 6/30/10) |
| OUTSTANDING GROSS LOAN PORTFOLIO: |
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$6,997,521
(as of 6/30/10) |
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