Social Issue

Despite its progress in recent decades, Nicaragua remains one of the least developed countries in Latin America. Moreover, the political unrest that erupted across the country in 2018, some of which continues today, has drastically slowed the country’s progress and severely affected the job prospects of families living in poverty.

Our Response

FAMA is a non-bank financial institution that began operations in 2007. FAMA mainly finances entrepreneurs at the “base of the pyramid,” and almost 100% of these microentrepreneurs run informal outlets and stores with informal employees in Managua’s markets. About 70% of their clients are women.

FAMA is a long-time partner of Netri, and has proven to be resilient to crises. It has a strong and experienced management team and a clear social mission. In 2010, during the “No Payment” crisis, we supported FAMA.

Expected Social Impact

With this loan from Netri, it is estimated that FAMA will be able to grant more than 1,000 microloans, with the objective of contributing to the progress of Nicaraguan families.