HOME PROGRAMS PRODUCERS INVESTORS & DONORS THE PARTNERSHIP
SUSTAINABILITY RECENT NEWS LINKS LEGAL & FINANCIAL INFO REPORTS
LEGAL INFORMATION

The information contained in this Web site is not an offer to sell or a solicitation of an offer to buy any security or any insurance product. No security or other product offered by SosteNica is offered or will be sold in any jurisdiction in which such offer or solicitation purchase or sale would be unlawful under the securities laws or other laws of such jurisdiction. No such security or product is offered or will be sold in any jurisdiction by an entity, which is not properly licensed to do so in such jurisdiction. The prospectus information available on our Web site is posted for informational purposes only.

Ohio Residents- At present, individual persons in Ohio may not invest in SosteNica. This in order to comply with the Securities Laws and Regulations of the State of Ohio.

Oregon Residents - We are unable to accept investments from persons residing in Oregon in order to comply with the Securities Laws & Regulations of the State of Oregon.


For a Complete Set of the most recent Financial Reports in a printable pdf format please click: HERE

For a Copy of SosteNica's Most Recent Audit please click: HERE

SosteNica, Inc. Balance Sheet
               
     
12/31/08
  
12/31/07
  
12/31/06
     
(unaudited)
  
(unaudited)
  
(audited)
Assets              
  Total Checking & Savings  
100,768
  
27,783
  
29,832
  Interest Receivable  
71,940
  
63,523
  
55,931
  Prepaid Expenses  
 
 
1,300
  Notes Receivable (< 1 yr)  
182,929
  
95,900
  
258,637
  Net Fixed Assets  
365
  
713
  
1,136
  Notes Receivable (> 1 yr)  
1,729,321
  
1,669,850
  
1,215,300
     
 
 
Total Assets    
2,085,323
  
1,857,769
  
1,562,136
     
 
 
Liabilities    
 
 
  Interest Payable  
25,638
  
21,679
  
17,770
  Payroll Liabilities  
1,648
  
1,173
  
971
  Notes Payable (< 1 yr)  
130,929
  
83,900
  
248,637
  Notes Payable (> 1 yr)  
1,566,321
  
1,427,850
  
1,045,300
     
 
 
Total Liabilities    
1,724,536
  
1,534,602
  
1,312,678
     
 
 
Net Assets    
 
 
     
 
 
  Unrestricted  
 
 
  (US Equity in Nicaragua)  
250,000
  
245,000
  
180,000
  Unrestricted (Operating)  
99,737
  
78,167
  
57,502
  Temporarily Restricted  
 
 
       (Earthwright)  
 
 
11,956
  Temporarily Restricted  
 
 
       (Sustainable Rural Development)  
 
 
  Temporarily Restricted  
 
 
       (Friends of the Cloudforest)  
11,050
  
 
     
 
 
Total Net Assets    
360,787
  
323,167
  
249,458
     
 
 
     
 
 
Total Liabilities & Net Assets    
2,085,323
  
1,857,769
  
1,562,136

 

CEPRODEL Balance Sheet
               
     
12/31/08
  
12/31/07
  
12/31/06
Assets    
(unaudited)
  
(unaudited)
  
(audited)
               
  Cash and Bank Deposits  
983,832
  
2,068,900
  
724,627
  Temporary Investments  
6,218
  
6,094
  
6,000
  Permanent Investments  
5,508
  
5,000
  
5,000
  Loan Portfolio  
11,567,638
  
10,304,726
  
7,011,198
  Less Loan Loss Reserve  
-544,133
  
-323,598
  
-358,628
  Interest & Commissions Receivable  
971,642
  
854,029
  
547,295
  Accounts Receivable  
196,282
  
271,815
  
255,370
  Net Fixed Assets  
594,075
  
325,854
  
323,826
     
 
 
  Prepaid Expenses  
31,746
  
39,861
  
33,208
  Deferred Charges  
109,323
  
88,884
  
44,900
  Goods Received on Unpaid Loans  
274,209
  
123,430
  
198,080
  Other Assets  
64,929
  
72,824
  
64,415
  Pending Operations  
118,390
  
14,733
  
1,686
     
 
 
Total Assets    
14,379,658
  
13,852,551
  
8,859,977
     
 
 
Liabilities    
 
 
     
 
 
  Savings Deposits  
479,265
  
680,569
  
405,372
  Interest Payable on Savings  
 
16
  
  Notes Payable (<1 yr)  
5,709,674
  
3,253,618
  
3,185,708
  Notes Payable (>1 yr)  
5,243,495
  
6,824,883
  
2,720,978
  Interest Payable  
213,929
  
222,763
  
121,668
  Accounts Payable  
105,773
  
138,632
  
37,651
  Provision for Obligations  
286,524
  
250,673
  
203,101
  Subordinated Obligations  
 
 
442
  Minority Interest (CODELSA-Telica)  
 
 
     
 
 
Total Liabilities    
12,038,660
  
11,371,154
  
1,674,919
     
 
 
Net Assets    
 
 
  Donations  
753,845
  
791,535
  
831,114
  Net Assets Not Capitalized  
504
  
529
  
555
  Voluntary Reserves  
467,298
  
490,662
  
544,152
  Retained Earnings from Previous Years  
1142,830
  
763,937
  
537,299
  Corrections to Retained Earnings from Previous years  
-29,477
  
1,307
  
  Retained Earnings from Current Year  
5,998
  
433,427
  
271,937
     
 
 
Total Net Assets    
2,340,998
  
2,481,397
  
2,185,058
     
 
 
Total Liabilities & Net Assets    
14,379,658
  
13,852,551
  
8,859,977