To catalyse the microfinance sector in Nicaragua, Triodos Investment Management, FMO, and American impact investor Accion have joined together to further develop leading Nicaraguan microfinance institution Financiera FAMA to support the company’s efforts to provide microfinance services to financially underserved families and entrepreneurs in Nicaragua.
Triodos Microfinance Fund and Triodos Fair Share Fund jointly hold a 15% equity stake in the company.
"We are very excited to be a shareholder of FAMA and further strengthen our long-term partnership with the organisation. FAMA is a real leader in providing financial services to Nicaragua's micro entrepreneurs. We are very much looking forward to being part of FAMA’s continuing journey to expand its outreach, to share our sustainable banking knowledge and expertise, and to have a real impact on financial inclusion in Nicaragua," said David Harleman, Regional Manager Latin America at Triodos Investment Management.
Financiera FAMA has an active loan portfolio in more than 64 million dollars, distributed among more than 58 thousand active clients, and stands out for providing loans to microenterprises in the productive, commercial and industrial sectors through its network of 27 branches. FAMA provides growth opportunities to micro, small and medium enterprises, under a concept of broad financial solutions, where loans are provided and complementary general services are offered.
Watch the video of our recent Inclusive Finance event which includes an interview with FAMA Board member Guido Cordero.