Oikocredit’s latest deal in Nicaragua
MiCrédito SA is a Nicaraguan microfinance institution (MFI) that provides loans to small-scale farmers and micro-entrepreneurs. Majority of MiCrédito’s clients live in rural areas and around 60% are women.
Offering additional services
In addition to loans, the MFI offers non-financial services such as micro-insurance, foreign exchange facilities and access to saving accounts. MiCrédito began in 2004 with the mission to provide products and services that improve the lives of low-income earners.
The MFI is a first-time partner of Oikocredit receiving a loan of € 515,000 to expand its portfolio. The organization is currently developing new products for home improvement, health services for women as well as renewable energy loans.