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Welcome!
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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.
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Welcome!
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