Inclusive Finance

Supported institution: Fundeser

Investment date: April 2019

Total investment: 1.2 million Canadian dollars

Project description

Former foundation turned financiera in 2014, Financiera Fundeser is a regulated, inclusive finance institution in Managua, Nicaragua. The institution's quality, personalized customer service and financial solutions reflect its commitment to its clients and help micro and small business owners in rural areas—the pillars of Nicaragua's economic development—increase their revenue.

Through its network of 22 sites, Fundeser serves more than 15,000 clients in rural and urban areas, 50% of whom are women, and grants individual and group loans, mainly in the agricultural and coffee industries.