Impact Capital in Nicaragua
Thursday, Feb. 27, 2014
Impact Capital program has been moving forward with expanding financial access for social entrepreneurs. As part of an Argidius Foundation grant, we have been developing and promoting the Demand Dividend vehicle.
Access to bank lending for small and growing businesses in many Central American countries is difficult, since extensive collateral is required. The BAC program will lend based primarily on cash flow criteria. Access to capital is doubly difficult for women, and the trust will focus on female-led or owned businesses.
Development of the BAC program is underway; the group is currently writing the legal documents for the trust.
We are extremely excited about the potential for the program to expand financial inclusion, not only in Nicaragua, but in additional countries and impact sectors.