International Finance Corporation Makes $5 Million Debt Investment in Financiera Nicaraguense de Desarrollo SA, a Nicaraguan Microfinance Institution

The International Finance Corporation (IFC) will loan $5 million to Financiera Nicaraguense de Desarrollo S.A. (FINDESA), a Nicaraguan microfinance institution (MFI). The two-part financing åö a senior loan of $2 million and a subordinated convertible loan of $3 million åö will aid FINDESA’s transformation to a commercial bank.

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