Portfolio

Portfolio: US $4.10 million
Portfolio at risk: 7.25%
Average loan size: US $1,130  
71% of loans under US $1,000, averaging US $405

Interest Rate

MiCrédito’s average interest rate is 3.5% per month which is one of the lowest in Nicaraguan microlending. Average for the industry is 4.41%, calculated as a commission over the Central Bank rate.

Low Default Rate

MiCrédito's default rate averaged 2.5% since beginning operations.

Number of Clients

Currently MiCrédito has approximately 3,636 clients.

Distribution of Loan Sizes

Client Loyalty

80% of MiCrédito clients take out a second loan. Over the past year, MiCrédito has increased the products and services offered to its customers. MiCrédito also offers special seminars to Class A loan recipients. These provide useful information about new products and aim to establish client loyalty.

Outstanding Portfolio 2011/2012

PAR>30

Please note that the PAR>30 industry average is 17%; MiCrédito’s PAR>30 is very good considering the market in Nicaragua.

Evolution of Other Products