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FUNDENUSE, Fundación para el Desarrollo de Nueva Segovia - Fresh working capital to support portfolio expansion

FUNDENUSE, Fundación para el Desarrollo de Nueva Segovia

Fresh working capital to support portfolio expansion

Nicaragua

The microfinance institution (MFI) Fundación para el Desarrollo de Nueva Segovia (FUNDENUSE) was founded in 1993. It offers loans and technical assistance to (female) micro entrepreneurs and farmers in the northern and central regions of Nicaragua, via its offices in the region of Ocotal and various branches.

FUNDENUSE maintains a strong position thanks to its vast experience and the fact that its target market, rural areas, is avoided by competitors. FUNDENUSE supports its end-clients by providing technical assistance, financial literacy and social education, and intensive repayment monitoring.

In 2014 FUNDENUSE was recognized for its client protection efforts and its positive sustainability and profitability.

FUNDENUSE has been an Oikocredit partner since 2004.

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