Prodel

PRODEL receives funds from international financing organization, from the development Banks and international cooperation as a credit, trust funds and donations. Quarterly the institution is put through a risk qualification exam. In previous years PRODEL has maintained its "A" rating given by the institution SCRIESGO. Each accountability period is audited by an international firm authorized by the bank superintendence. Along its years PRODEL has worked with 19 micro credit institutions, providing more than 100,000 loans for microbusiness, 78,000 for home improvement, and more than 700 infrastructure projects, investing more than 90 million dollars. The microcredit institutions that receive funds from PRODEL have a follow up and monitoring plan guided to achieve better quality standards in its financial development and in the fulfillment of the PRODEL social mission by being a local funding source that has knowledge of the market and enough installed capacity, this allows it to be more than a funding source but an strategic ally of the organizations to implement improving plans and reach objectives. PRODEL rigorously applies a revision of its financial indicators and the ones of its clients using the CAMEL set of indicators, altogether evaluating quantitative aspects, related to governability, application of credit technology, satisfaction indicators of the final clients, information transparency and knowledge of the market were the intermediaries operates. PRODEL funds do not seek to substitute or compete with the Commercial Banks, but to get to those sector that has a lack of guarantees and low income and cannot be subject to credit, the over indebtedness is considered an epidemic that impoverished the subjects to credit and for that reason the financial education concerning the right usage of the credit and to give each one its own capacity is an institutional priority. From Güegüense roundabout 2 blocks west, 1 blocks north, 75 yards west. Managua, Nicaragua