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PRESTANIC


Nicaragua

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Email: prestanic_gerencia@cepad.org.ni
PRESTANIC

PRESTANIC is an institution of Christian commitment that offers financial services in efficient and sustainable form, to the urban and rural entrepreneurs and producers of micro, small and medium economic units, constructing a relation of confidence with the clients and contributing to its development.

Program

As a microfinance institution PRESTANIC provides low interest rate loans to its clients. PRESTANIC also offers Fund Transfer Services. Prestanic prides itself on their returning clientele as well as nurturing and supportive atmosphere.

Client Population

PRESTANIC serves over 12,900 active borrowers of which 45% are women.

Impact

With an average loan size over $1,200 USD per client and a growing loan portfolio of more than $16 million, PRESTANIC is better aiding more new and old clients every day. PRESTANIC experiences a borrower repayment rate of 97% and coupled with their returning clientele, many of whom receive multiple loans, is indicative of an increase in successful entrepreneurial ventures.


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