Nicaragua

Nicaragua, the poorest country in Central America and the second poorest in the Hemisphere, has widespread underemployment and poverty. The country is gradually recovering from the global economic crisis as increased exports drove positive growth in 2010. The economy is expected to grow at a rate of about 3% in 2011. Nicaragua’s microfinance sector was hit hard in 2009 because of very fast growth in combination with weakly developed institutions that resulted in an unhealthy situation that was easily exploited by populist politicians. The sector is still in the process of recovery.

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Triple Jump Advisory Services Partners 

Fundeser

The NGO ‘Fundación Para el Desarrollo Socio Económico Rural’, Fundeser, was founded in 2000. It originates from an institution linked to the Catholic Church. Strong growth and consolidation of rural operations have transformed Fundeser into one of Nicaragua’s primary rural financial services providers. The recent crisis in Nicaragua has hit Fundeser very hard - PAR has gone up to 30%. Despite the problems, Fundeser still has good fundaments that will allow them to survive and pick up growth.

• Triple Jump Advisory Services partnership since September 2007
• Number of borrowers (12/10): 27170
• GLP (12/10): €7.7 million
• OSS (12/10): 122%

Services provided:

IT: Assist with bringing IT up to speed (diagnostic, scenario development, improvement).

Products&Services: Evaluation and improvement of product portfolio

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