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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

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