Member since 2012
USD credit 150'000
Created in 1995 in the Nueva Guinea region, the COOPEFACSA credits and savings cooperative began with 134 members and a capital of USD 3’300.
Project description
Its loan portfolio is mainly oriented towards agricultural activities and offers a range of financial and non-financial services (insurance, savings, transfer and financial literacy). It remains independent of the FEDECARUNA cooperative network. In 2013 it became a member of Philea and its Director joined Philea Board of Directors in 2019.
Challenges & perspectives
Croissance du portefeuille d’au moins 25 % avec un financement basé sur les cotisations et l’épargne.
Meet the needs of its members while continuing to be a financial reference in the region.
Key figures
Total assets: USD 8’837’249
Equity: USD 2’367’891
Turnover: USD 1’512’175
Net result: USD 262’785
Number of beneficiaries:
Men: 2’841
Women: 4’678
Philea’s Intervention
Purpose/purpose of funding:
working capital
Disbursement: dec. 2017
Loan size: USD 150’000
Outstanding: USD 150’000
Guarantee: credit portfolio (120% of the value of the credit).
Repayment: according to schedule. Renewal request in progress.
Usefull data
Country: Nicaragua
Head office: Nueva Guinea
Philea member since: 2012
Web site
Impacts
The cooperative finances agriculture and livestock but the share of agriculture has decreased recently due to the departure of many producers. The diversification of its products allows the cooperative to meet the demands of its members.