In 1992, WCCN began channeling money from North American investors to alternative credit programs in Nicaragua. This endeavor became formalized as the Nicaraguan Credit Alternatives Fund [1] (NICA Fund), which today is one of WCCN's main projects. Currently, the NICA Fund has over $9.2 million in loans outstanding to its 15 partner agencies - microfinance institutions and cooperatives - that specialize in offering microcredit and other financial services. Over 16,000 low-income Nicaraguan borrowers are accessing microcredit from the NICA Fund through its partner agencies. Overall these borrowers have a repayment rate of more than 95%, and the partner agencies have a 100% repayment rate on loans they have received from the NICA Fund.
Following is a listing of the NICA Fund's partner agencies. To learn more about each agency, simply click on its name.
ACODEP [2]Links:
[1] http://www.wccnica.org/nica.html
[2] http://www.wccnica.org/partners/ACODEP
[3] http://www.wccnica.org/partners/CSA
[4] http://www.wccnica.org/partners/Caruna
[5] http://www.wccnica.org/partners/CEPRODEL
[6] http://www.wccnica.org/partners/CoopApril20
[7] http://www.wccnica.org/partners/FAMA
[8] http://www.wccnica.org/partners/FODEM
[9] http://www.wccnica.org/partners/FDL
[10] http://www.wccnica.org/partners/FJN
[11] http://www.wccnica.org/partners/FUNDENUSE
[12] http://www.wccnica.org/partners/FUNDESER
[13] http://www.wccnica.org/partners/Hand_in_Hand
[14] http://www.wccnica.org/partners/Leon2000
[15] http://www.wccnica.org/partners/PRESTANIC
[16] http://www.wccnica.org/partners/PRODESA