What is the NICA Fund?
The Nicaraguan Credit Alternatives Fund (NICA Fund) is a project that promotes socially responsible investment in the US and grassroots economic development in Nicaragua. The Fund was created and is administrated by Working Capital for Community Needs (WCCN), a non-profit organization based in Madison, Wisconsin. The NICA Fund channels money from socially responsible investors in North America to Nicaraguan microcredit and alternative finance organizations (our “partner agencies”). Those partner agencies in turn make loans to disadvantaged Nicaraguan farmers and entrepreneurs – especially women – who otherwise would have no access to institutional credit.
