Asociacion para el Fomento al Desarrollo de Nicaragua

Misión:

Nuestro propósito es fomentar el desarrollo económico social y cultural de los sectores sin acceso a la banca comercial, integrando recursos económicos y humanos con la finalidad de brindar y adaptar nuestro servicios financieros, que están dirigidos al fortalecimiento de la unidad económica ... Leer más

Antecedentes y principales retos:

Principales desafios: Políticas Publicas que incrementa la cultura de no pago, riesgo País y retiro de fondeadores internacionales.

Dirección:

Bdf Altamira 1c. Al lago 2c. Arriba, 10 al sur, casa 252

Managua

Nicaragua

Teléfono:

(505) 2270-7986

Fax:

(505) 2277-3543

Correo electrónico:

afodenicmga [at] cablenet [dot] com [dot] ni

Website:

www.afodenic.com

Principales fuentes de financiamiento:

Grants

Loans

Shareholder Capital

Productos y servicios:

Loans

% Operaciones que incluyen MF:

91 - 100

Fecha en que se estableció:

Jan 1 1999

Fin de año fiscal:

31-Dec

Current Legal Status:

NGO

Regulada:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in rural areas	1
Clients living in urban areas	2
Women	3
Adolescents and youth (below 18)	4
+ Development goals (ranked by importance)
Poverty reduction	1
Increased access to financial services	2
Growth of existing businesses	3
Employment generation	4
Gender equality and women's empowerment	5
Improvement of adult education	6
Youth opportunities	7
Housing	8
Water and sanitation	9
Health improvement	10
Development of start-up enterprises	11
Children's schooling	12
+ Poverty targets
Poor clients
Low income clients
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
SME loans
Loans for agriculture
Loans for education
Housing loans
Microcréditos para servicios básicos, como es para CAPS (Comité de agua Potable y Saneamiento) y microcrédito para ganadería
+ Savings products offered
+ Compulsory insurance products required
Compulsory credit life insurance
+ Voluntary insurance products offered
Voluntary life insurance
Voluntary house insurance
Microseguro de gastos funerarios y automóvil
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
Financial literacy education
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:	Producto financiero: Microcredito de infraestructura y educacion
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Quality of interaction with clients based on client feedback mechanisms
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
This institution raises clients' awareness about environmental impacts
This institution offers lending lines linked to alternative energies
Microcrédito para Comité de Agua Potable y Saneamiento CAPS, que se encuentra vinculado con un programa de reforestación de las áreas donde se benefician con este producto.
+ Poverty measurement tools in use
Per capita household income