Working Capital for Community Needs Incorporated (WCCN), a US-based nonprofit, has loaned the equivalent of USD 1.2 million in local currency to support the operations of microfinance institution (MFI) Pro Mujer in Nicaragua and Peru. WCCN lent the equivalent of USD 598,284 in local currency to Pro Mujer Nicaragua and the equivalent of USD 600,000 in local currency to Pro Mujer Peru. In addition to financial services, Pro Mujer provides healthcare and business training services.
As of December 2010, Pro Mujer Peru reported to the US-based nonprofit Microfinance Information Exchange (MIX) USD 18.9 million in assets, a gross loan portfolio of USD 16.6 million, 50,606 active borrowers, return on assets 4.58 percent and return on equity 7.93 percent. Pro Mujer Nicaragua reported to MIX USD 8.7 million in assets, a gross loan portfolio of USD 6 million, 25,924 active borrowers, return on assets 5.6 percent and return on equity 8.67 percent. With administrative offices in Bolivia and New York, Pro Mujer also operates in Argentina and Mexico.
WCCN focuses on microfinance, fair trade, women’s empowerment and housing. WCCN’s Capital for Communities Fund (formerly known as the Nicaraguan Credit Alternatives Fund) provides institutions with loans ranging from USD 100,000 to USD 1 million. It reports to MIX fund assets of USD 9.5 million.
About WCCN:
Founded in 1998 in the United States, Working Capital for Community Needs (WCCN) – formerly the Wisconsin Coordinating Council on Nicaragua – provides financing to socially oriented organizations in Latin America. WCCN focuses on microfinance, fair trade, women’s empowerment and housing. Its Capital for Communities Fund (formerly known as the Nicaraguan Credit Alternatives Fund) provides institutions with loans ranging from USD 100,000 to USD 1 million. It reports to MIX fund assets of USD 9.5 million.
About Pro Mujer Peru:
Pro Mujer Peru serves mainly districts in southern Peru. As of December 2010, Pro Mujer Peru reported to the US-based nonprofit Microfinance Information Exchange (MIX) USD 18.9 million in assets, a gross loan portfolio of USD 16.6 million, 50,606 active borrowers, return on assets 4.58 percent, and return on equity 7.93 percent. Pro Mujer Peru is part of Pro Mujer, which has administrative offices in Bolivia and New York and provides financial, business training, and healthcare services in five Latin American countries.
About Pro Mujer Nicaragua:
Pro Mujer Nicaragua now services the cities Managua, Masaya, Granada, Carazo, Estelí y Matagalpa. As of December 2010, Pro Mujer Nicaragua reported to the US-based nonprofit Microfinance Information Exchange (MIX) USD 8.7 million in assets, a gross loan portfolio of USD 6 million, 25,924 active borrowers, return on assets 5.6 percent, and return on equity 8.67 percent. Pro Mujer Nicaragua is part of Pro Mujer, which has administrative offices in Bolivia and New York and provides financial, business training, and healthcare services in five Latin American countries.
By Ariana Malushi, Research Associate
Sources and Additional Resources:
Data Submitted by Working Capital for Community Needs Incorporated (WCCN) to MicroCapital, November 2011
MicroCapital.org story, July 14, 2011 “ MICROCAPITAL BRIEF: Working Capital for Community Needs (WCCN) Loans $902k to Fundación de Apoyo Comunitario y Social del Ecuador (FACES), Federación Regional de Asociaciones de Pequeños Cafetaleros Ecológicos del Sur del Ecuador (FAPECAFES), Asociación de Productores Agropecuarios del Valle Alto Mayo (APAVAM) of Peru”
https://www.microcapital.org/microcapital-brief-working-capital-for-community-needs-wccn-loans-902k-to-fundacion-de-apoyo-comunitario-y-social-del-ecuador-faces-federacion-regional-de-asociaciones-de-pequenos-cafetaleros-e/
MicroCapital.org story, June 23, 2009 “MICROCAPITAL STORY: Working Capital for Community Needs (WCCN) Invests USD 530,000 in Nicaraguan Microfinance Institutions”
https://www.microcapital.org/microcapital-story-working-capital-for-community-needs-wccn-invests-usd-530000-in-nicaraguan-microfinance-institutions/
MicroCapital Universe Profile: Pro Mujer Nicaragua
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Pro+Mujer+Nicaragua
MicroCapital Universe Profile: Pro Mujer Peru
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Pro+Mujer+Peru
MicroCapital Universe Profile: Pro Mujer
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Pro+Mujer
MicroCapital Universe Profile: WCCN
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Working+Capital+for+Community+Needs+%28WCCN%29
Browse the MicroCapital Universe and add your entry to the wiki at at https://www.microcapital.org/microfinanceuniverse/
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