FINCA helps Nicaraguans living in poverty access financial services to improve the quality of life for themselves and their families.
$19.5M LOAN PORTFOLIO
$1,946 AVERAGE LOAN
59% WOMEN BORROWERS
1992 YEAR FOUNDED
When she started her business in her home, Julia was able to produce 200 tortillas daily. Today, with the help of FINCA loans, she has moved her business outside of her home and is able to sell every piece of the 800 tortillas she makes daily.
Individual Loans, Village Banking Loans, Small Group and Solidarity Loans, Rural and Agriculture, Insurance, Remittances and Money Transfers.
Today Nicaragua has a stable and growing economy. Yet, it is still one the poorest and least developed countries in Central America. Poverty is concentrated in rural areas, where access to basic services is often nonexistent. With limited employment opportunities and inadequate infrastructure, incomes of the poor in Nicaragua remain at low levels.
Women in rural areas, in particular, are among the most disadvantaged in Nicaragua. Despite close to a fifth of rural households being run by women, a small percentage hold titles to the land they work. In addition, most farm-based households cannot survive on farming income alone and depend on at least one family member who works off of the farm.
When poor people have access to financial services and life-enhancing products, they can earn more, build their assets, create jobs and cushion themselves against external shocks. Since 1992, FINCA has been helping thousands of Nicaraguans improve their lives. FINCA offers financial services, such as loans throughout the country.
24.9% LIVING BELOW POVERTY LEVEL 2
$5,855 ANNUAL PER CAPITA INCOME 3
69% FINANCIALLY EXCLUDED 4
De la Rotonda del Gueguense
3 cuadras al Lago, contiguo a SUMEDICO
Residencial Bolonia, Managua, Nicaragua
1Information is updated on an annual basis
2Poverty headcount ratio at national poverty lines (% of population)
3GDP per capita, PPP (current international $)
4Adult population lacking account at a formal financial institution Toggle