Envest is very proud to announce our new partner organization, León 2000. This relationship with León 2000 offers Envest the opportunity to diversify its portfolio within Nicaragua. León 2000 has portfolio concentrated primarily on the Pacific coast, which does not overlap with the portfolio of Envest’s two existing partners in Nicaragua.
León 2000 reaches a much lower level of the economic spectrum than most MFIs in Nicaragua. The average loan size of León 2000 is $636, far below the country’s estimated average of $2,645. Nicaragua is tied with Honduras as the second poorest country in the Western Hemisphere, which makes access to credit at the lower end of the economic spectrum particularly important for economic development and empowerment.
