Programas para la Mujer (ProMujer) Nicaragua was recently among the winners of the Consultative Group to Assist the Poor (CGAP) Financial Transparency Awards 2006. ProMujer Nicaragua is part of the ProMujer Microfinance Network which provides loans, training and education to women, and was established in 1996. It was the first ProMujer organisation to be replicated outside of Bolivia where the network was first founded in 1990. According to the Mix Market, the microfinance information clearing house, at the end of 2005 ProMujer Nicaragua had a gross loan portfolio equal to USD 2,542,609 and a debt to equity ratio of 56.92%. Its return on assets was 12.97% while its return on equity was 18.28%. According to the ProMujer website, as of March 2006 they had 11,182 active borrowers.
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