MFI ReportPartnerships
| Name | Relationship |
|---|---|
| ASOMIF | Network Affiliation |
| Dignity Fund, L.P. | Funding |
| Microfinanza Rating | Rating |
| MicroVest I | Funding |
| Oikocredit | Funding |
| Red Katalysis | Network Affiliation |
| REDCAMIF | Network Affiliation |
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12.7 million22,130572.80.016.1 million0
Mission:
ACODEP's mission is to promote the development of the micro and SME sectors in Nicaragua through the provision of loans, management training and business consultancy as well as by carrying out active public advocacy.
Background and Main Challenges:
Alumni from the MBA and postgraduate programs from INCAE University created ACODEP in 1989. Since then, the loans program has mainly be financed through donations successively incorporated as equity. ACODEP's main challenge is to keep on growing while maintaining portfolio quality and ... Read more
Alumni from the MBA and postgraduate programs from INCAE University created ACODEP in 1989. Since then, the loans program has mainly be financed through donations successively incorporated as equity. ACODEP's main challenge is to keep on growing while maintaining portfolio quality and diversifying financing sources in a context of increasing competition from other MFIs; another challenge will be to grow the client base while paying attention to their concentration (impacting operations costs). Hide
Address:
De donde fue la Embajada Americana 1c. al este 1 1/2c. al norte Apartado Postal 2985
Managua
Nicaragua
Phone:
(505) 2255-6718
Fax:
(505) 2255-6719
Email:
acodep [at] acodep [dot] org [dot] ni
Website:
Products and Services:
Loans
Voluntary Savings
Insurance
Training and Consulting
Products:
ACODEP serves small microentreprises mainly in urban areas of Nicaragua. Acodep provides agile and efficient credit, mainly to individuals and to a lesser extent to solidarity groups. Acodep provides training, especially to develop a culture of savings. Working capital loans are charged with ... Read more
ACODEP serves small microentreprises mainly in urban areas of Nicaragua. Acodep provides agile and efficient credit, mainly to individuals and to a lesser extent to solidarity groups. Acodep provides training, especially to develop a culture of savings. Working capital loans are charged with flat interest rates of 24 to 72%. Investment loans bear the same interest rates, but are calculated on declining balances. Penalty fees for late payment runs high: 1% of outstanding capital and 10% of past due amounts. Clients must be minimum 18 years old, have a minimum of 6 months experience in their current activity, work in a fixed location and not have access to commercial funding. Hide
Services Provided:
Business Development Services
Health
Education
Looking for (Investment Types):
Loans in Local Currency
Loans in US$
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1989
FYE:
31-Dec
Current Legal Status:
NGO
Regulated:
no
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
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Julio PaniaguaExecutive President(505) 2255-6718
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Kathy SalgadoAsistente Gerenciaasistente [at] acodep [dot] org [dot] ni(505) 2255-6718
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Martha Elena EspinozaGerente Generalggeneral [at] acodep [dot] org [dot] ni(505) 2255-6718
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Roberto RomeroCFOgfinanciera [at] acodep [dot] org [dot] ni
