Oikocredit’s latest deal in Nicaragua

Oikocredit’s latest deal in Nicaragua

micredito-02-nicaragua.jpg14 May | 2014

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.

Latest deal

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.

View MiCrédito's profile in our partner database

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