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For how long has WCCN been directing funds to Nicaragua?

April 26, 2017directing funds Nicaragua wccn

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For how long has WCCN been directing funds to Nicaragua?

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WCCN has been channeling microcredit to Nicaraguans since 1992. We began with the Nicaraguan Community Development Loan Fund (NCDLF), a collaborative effort with the Nicaraguan Community Development Fund (Prestanic) in Nicaragua. From 1992-1998, the NCDLF recruited about $6 million in loans from socially responsible investors in North America and channeled them to Prestanic for microcredit. Then in 1998 WCCN decided to diversify and expand, lending not only to Prestanic but also to other worthy microcredit and alternative finance agencies (our “partner agencies”) in Nicaragua. So in 1998 WCCN started the NICA Fund.