In Nicaragua, Swisscontact introduced microleasing as an alternative financing mechanism to meet the needs of micro, small and medium enterprises in low income rural and urban areas that have limited access to financial and non-financial business services. By increasing access to financial services, producers are able to expand businesses, improve productivity and thereby increase income.
The Microleasing Pilot Project for the agroindustry sector, developed with financing from the Swiss Capacity Building Facility (SCBF), is based on the successful experiences of Swisscontact in supporting asset-backed financing models in Kenya, Uganda and Tanzania. It focuses on the promotion of financial innovation and inclusion, fostering a dynamic of improvement and diversification of financial offerings and facilitating access to financing of productive assets, such as machinery and equipment for microenterprises.
The project implements and facilitates a joint working mechanism with different stakeholders, such as financial entities, asset suppliers, technical assistance suppliers and insurance companies. It supports bringing together financial products and the demand for productive assets with knowledge management, monitoring and the management of alliances with other programmes that support micro, small and medium enterprises for the promotion and replication of the pilot initiative with other financial institutions.
2015 - 2017
Swiss Foundation for Technical Cooperation
Tel. +41 44 454 17 17
Fax +41 44 454 17 97
E-Mail info@ swisscontact.org