In the aftermath of Nicaragua's no pago crisis, the microfinance industry is recovering and growing again. The Nicaraguan Foundation for Economic and Social Development considers MFIs to be an important source of income generation and employment creation in low-income areas; some have even been fortunate enough to recover their pre-crisis institutional strength.
However, with the No Pago movement endorsing President Daniel Ortega in his campaign for re-election, proponents of microfinance in Nicaragua are nervous about the future of the industry.
What do SEEPers think of the future of Nicaraguan microfinance following the no pago crisis? It's going to be an interesting few years...
source:http://centerforfinancialinclusionblog.wordpress.com/2011/05/02/nic...
To learn more about the no pago movement and crisis in Nicaragua: http://centerforfinancialinclusionblog.wordpress.com/2011/01/24/nic...
Tags: Microfinance, america, central, crisis, latin, nicaragua, no, pago
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