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PRODESA
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PARTNER: PRODESA
WEBSITE: N/A
COUNTRY: Nicaragua |
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ORGANIZATIONAL PROFILE: PRODESA, a Nicaraguan nonprofit specializing in microfinance, was founded in 1992 and has positioned itself as a rural-oriented microfinance institution that provides credit at lower costs. PRODESA serves a population of very poor people living an isolated segment of Nicaragua in places beyond roads and communication systems, where few other microfinance institutions operate. Agriculture is the main income source for residents in this area. The organization's geographic coverage includes the departments of Boaco, Chontales, Zelaya Central, Managua and the Atlantic Coast.
| GP PARTNERSHIP DETAILS: |
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$187,500
through Global Partnerships Microfinance Fund 2006 |
ORGANIZATIONAL VITALS
| # of BORROWERS: |
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17,720
(as of 6/30/2011) |
| OUTSTANDING GROSS LOAN PORTFOLIO: |
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$15,141,356
(as of 6/30/2011) |
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