Overview:
Working Capital for Community Needs (WCCN) provides financing to socially-oriented organizations in Nicaragua.
Description:
Working Capital for Community Needs (WCCN) –formerly the Wisconsin Coordinating Council on Nicaragua- provides financing to socially-oriented organizations in Nicaragua. WCCN focuses on microfinance, fair trade, women’s empowerment, and housing. Nicaraguan Credit Alternatives Fund (NICA Fund) was created by WCCN to specialize in microfinance investment. Loans from this fund range from USD 100,000 to USD 1 million.
Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/working-capital-community-needs
Organization’s Website:
www.capitalforcommunities.org
Just the Facts:
Country of Incorporation: United States
Year Founded: 1998
Fund Assets (as of day/month/year): USD 8.7 million (as of 31/December/2007)
Fund Assets allocated to MFI investment (as of day/month/year): USD 8.5 million (as of 31/December/2007)
Number of MFI Investments (as of day/month/year): 32 (as of 31/December/2007)
Area of Operation: Nicaragua
Instruments: Loans and Debt Securities
Investment Horizon: 5 years
Fund Currency: USD
Contact Information:
WCCN
P.O. Box 1534
Madison, WI 53701
United States
phone: +1 608 257 7230
fax: +1 608 257 7904
In the U.S.: 1 888 224 6422
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Additional Resources:
Latest News from WCCN
http://www.capitalforcommunities.org/epublish/6
Working Capital for Community Needs (WCCN) Invests USD 530,000 in Nicaraguan Microfinance Institutions (June 2009)
https://www.microcapital.org/microcapital-story-working-capital-for-commu…
MicroPlace Offers Online Microfinance Investment in Nicaraguan Credit Alternatives Fund issued by Working Capital for Community Needs with Interest Rates up to 6 percent (April 2009)
https://www.microcapital.org/microcapital-story-microplace-offers-online-…
Link to Microcapital Universe wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Working+Capital+for+Community+Needs+%28WCCN%29
Authored by Kenny Kline, Research Associate
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