Quick Facts

  • MiCredito's average loan size is approximately US$893.

  • MiCredito was founded in 2004.

  • MiCredito employs 54 people.

  • MiCredito's average interest rate is 3.5% per month. Average for the industry is 4.41%.

  • MiCrédito was profitable after only 15 months of operations.

  • MiCrédito has 4,597 active loans.

  • MiCrédito has built a loyal client-base based on a competitively-priced credit product for small commercial entrepreneurs and agricultural producers in Nicaragua.

  • MiCrédito has 3,921 active clients; 58% of them are women.

  • MiCrédito was profitable after only 15 months of operation.

  • MiCrédito projects that they will open a new branch every year, in order to efficiently serve their clients.

  • MiCrédito has 7 branches that span across Nicaragua, successfully reaching both the urban and rural demand for micro-credit. The next branch will be opening in April, 2013 in Rivas.

  • MiCrédito has 18 credit officers, with an average of 255 disbursed loans each.

  • MiCrédito's portfolio is $4.11 million USD.

  • MiCrédito's portfolio at risk (PAR>30) is 2.51%, as of December, 2012.

  • MiCrédito's default rate has averaged 2.5% since its beginning in 2004.

  • 80% of MiCrédito clients take out a second loan.

Welcome!
MiCrédito is an innovative organization that has learned how to not only service the growing urban market for microcredit, in Nicaragua, but has developed an inspiring rural micro-lending program, reaching those who are most often ignored by the traditional banking system. The business is staffed with a competent management team, full of heart and passion for the organization's mission. Read more about our approach here.

 

JoseSantos
What is Microfinance?
 
Microfinance is the provision of financial services to low-income clients who traditionally lack access to banking and related services. Click here to learn more and read about our products and services.
MiCrédito Supports the Future of Nicaragua
 
MiCrédito has been developing financial products aimed at meeting the needs of young entrepreneurs and students in Nicaragua, since its founding. MiCrédito understands that the future of this country is only as strong as its youth. Play the video to learn more (or click here to watch on YouTube).