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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

SosteNica, Inc. Balance Sheet
               
     
06/30/07
  
12/31/06
  
12/31/05
     
(unaudited)
  
(audited)
  
(audited)
Assets              
  Total Checking & Savings  
77,889
  
29,832
  
57,525
  Interest Receivable  
66,033
  
55,931
  
43,227
  Prepaid Expenses  
 
1,300
   2,223
  Notes Receivable (< 1 yr)  
151,637
  
258,637
  
236,000
  Marketable Securities  
 
 
  Net Fixed Assets  
925
  
1,136
  
541
  Notes Receivable (> 1 yr)  
1,464,800
  
1,215,300
  
884,537
         
   
Total Assets    
1,761,284
  
1,562,136
  
1,224,053
         
   
Liabilities        
   
  Interest Payable  
20,493
  
17,770
  
12,854
  Payroll Liabilities  
900
  
971
  
902
  Notes Payable (< 1 yr)  
166,637
  
248,637
  
236,000
  Notes Payable (> 1 yr)  
1,289,800
  
1,045,300
  
761,537
         
   
Total Liabilities    
1,477,831
  
1,312,678
  
1,011,293
         
   
Net Assets        
   
         
   
  Unrestricted  
 
   
  (US Equity in Nicaragua)  
210,000
  
180,000
  
145,000
  Unrestricted (Operating)  
73,162
  
57,502
  
62,690
  Temporarily Restricted  
 
   
       (Earthwright)  
291
  
11,956
  
5,070
  Temporarily Restricted  
 
   
       (Sustainable Rural Development)  
 
   
  Temporarily Restricted  
 
   
       (Equity)  
 
   
     
 
   
Total Net Assets    
283,453
  
249,458
  
212,760
     
 
   
     
 
   
Total Liabilities & Net Assets    
1,761,284
  
1,562,136
  
1,224,053

 

CEPRODEL Balance Sheet
               
     
06/30/07
  
12/31/06
  
12/31/05
Assets    
(unaudited)
  
(audited)
  
(audited)
               
  Cash and Bank Deposits  
705,228
  
724,627
  
322,614
  Temporary Investments  
150,588
  
6,000
  
  Permanent Investments  
4,980
  
5,000
  
27,980
  Loan Portfolio  
8,742,796
  
7,011,198
  
5,610,222
  Less Loan Loss Reserve  
-558,495
  
-358,628
  
-204,716
  Interest & Commissions Receivable  
660,806
  
547,295
  
386,295
  Accounts Receivable  
264,968
  
255,370
  
90,588
  Net Fixed Assets  
329,585
  
323,826
  
281,756
     
 
   
  Prepaid Expenses  
49,017
  
33,208
  
12,308
  Deferred Charges  
79,787
  
44,900
  
27,410
  Goods Received on Unpaid Loans  
197,275
  
198,080
  
222,957
  Other Assets  
77,589
  
64,415
  
3,937
  Pending Operations  
13,230
  
1,686
  
47
     
 
   
Total Assets    
10,717,355
  
8,859,977
  
6,781,398
     
 
   
Liabilities    
 
   
     
 
   
  Savings Deposits  
494,779
  
405,372
  
316,611
  Interest Payable on Savings  
322
  
 
  Notes Payable (<1 yr)  
4,059,240
  
3,185,708
  
1,011,611
  Notes Payable (>1 yr)  
3,327,871
  
2,720,978
  
3,237,413
  Interest Payable  
149,306
  
121,668
  
76,299
  Accounts Payable  
138,639
  
37,651
  
16,259
  Provision for Obligations  
219,973
  
203,101
  
130,976
  Subordinated Obligations  
 
442
  
  Minority Interest (CODELSA-Telica)  
 
 
292
     
 
   
Total Liabilities    
8,390,131
  
1,674,919
  
4,789,461
     
 
   
Net Assets    
 
   
  Donations  
811,246
  
831,114
  
856,413
  Net Assets Not Capitalized  
542
  
555
  
  Voluntary Reserves  
502,881
  
544,152
  
571,360
  Retained Earnings from Previous Years  
782,962
  
537,299
  
324,482
  Corrections to Retained Earnings from Previous years  
407
  
 
-4,407
  Retained Earnings from Current Year  
229,185
  
271,937
  
244,090
     
 
   
Total Net Assets    
2,327,224
  
2,185,058
  
1,991,937
     
 
   
Total Liabilities & Net Assets    
10,717,355
  
8,859,977
  
6,781,398