Remembering how hard life was when she started her business, Nicolasa is very grateful for the transformations FINCA has made possible for her family. She is very proud that one of her daughters is already attending university. “FINCA helps the neediest women in Nicaragua, no matter the size of their business.”
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Facts about NicaraguaNicaragua is the poorest—and least developed—country in Central America, and is second only to Haiti in levels of poverty in the Western Hemisphere. Yet, despite the political and economic challenges of the past, Nicaragua today has a stable and growing economy. Poverty is concentrated in rural areas, where access to basic services—including sanitation, drinking water, commerce and banking services—are often nonexistent.
With more than 20 years’ experience assisting Nicaragua’s lowest income entrepreneurs, FINCA Nicaragua is today a regulated financial institution. It serves rural and urban clients through 14 branches, offering agricultural loans, as well as Village Banking, individual and local currency loans, savings and money transfer services.
1 Population lacking account at formal financial institution