SosteNica promotes economic and community development in many regions of Nicaragua through credit, technical assistance, and outreach to low income businesses and small farmers.
We work collaboratively with our partners in Nicaragua, CEPRODEL (Centro de Promoción del Desarrollo Local or Center for the Promotion of Local Development) and FUDEMI (Fundación para el Desarrollo de la Microempresa), to promote economic development through micro-lending. We offer investment and donation opportunities directly to individual and institutional investors in the US. CEPRODEL and FUDEMI oversee the issuance of credit, together with the processing and administration of loans, to Nicaraguan borrowers.
In addition to extending loans to credit worthy, low-income applicants, SosteNica, CEPRODEL, and FUDEMI promote sustainable agriculture by working with farmers and with university extension programs to provide training in subjects such as integrated pest management, soil conservation, reforestation, water conservation and management, watershed protection and other ecologically sustainable practices. In addition, SosteNica advocates for sustainable housing solutions in Nicaragua.
SosteNica is a Pennsylvania nonprofit corporation, which is registered under section 501(c)(3) of the Internal Revenue Code. CEPRODEL and FUDEMI are independent Nicaraguan nonprofit corporations.