Incofin is pleased to announce a new investment in Nicaragua as the portfolio manager of the Global Gender-Smart Fund (GGSF). The investment will be made in Banco Ficohsa Nicaragua.
Investment details
With a USD 10 million, 3-year debt facility, Banco Ficohsa Nicaragua will provide accessible loans to small and medium-sized enterprises (SMEs), with a dedicated focus on women entrepreneurs. The funding will not only strengthen the local economy but also help bridge the gender gap in Nicaragua’s business landscape by supporting women entrepreneurs with the financial tools and resources they need to thrive.
Leadership insights
Rubén Buitrago, General Manager of Banco Ficohsa Nicaragua, shares:
“At Banco Ficohsa Nicaragua, we understand the pivotal role that small and medium-sized enterprises play in driving national economic growth. By joining forces with Incofin, we reaffirm our commitment to providing financial resources and specialized advisory services to elevate Nicaraguan women entrepreneurs, equipping them with the tools they need to lead and expand their businesses. We are not merely providing loans but creating an enabling environment where they can flourish, scale their ventures, and make a lasting impact on society.”
Cecilia Delgado, Senior Investment Manager at Incofin Investment Management, states:
“It is crucial for the financial sector to champion initiatives that amplify the role of women in the economy. Incofin believes in the power of female entrepreneurship, and we are delighted to partner with Banco Ficohsa Nicaragua. We look forward to investing in women-led businesses, creating meaningful social and economic transformation, particularly for underserved women entrepreneurs.”
Commitment to gender equality
At Incofin, we believe that investing in women-led businesses is essential for sustainable and inclusive economic growth. According to international studies, enterprises led by women drive innovation, provide quality employment opportunities, and spur community development—yet many women entrepreneurs face barriers in accessing financing and training.
Banco Ficohsa Nicaragua is committed to closing these gaps through initiatives such as its “Mujeres Adelante” program, launched in 2022. This program is designed to develop and promote financial products and services tailored to women’s needs.
Through both capital and strategic support, Banco Ficohsa Nicaragua and Incofin are helping the country’s business sector grow and showing their commitment to equal opportunities. By investing in Nicaraguan women entrepreneurs, we are investing in the future of Nicaragua.
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About the Global Gender-Smart Fund (GGSF)
The Global Gender-Smart Fund (GGSF) is the world’s largest gender-lens investment fund. Its strategy aims to address the USD 1.7 trillion gender credit gap by providing responsible financial services to underserved women, as well as women-owned and women-led businesses in developing markets. GGSF seeks to improve livelihoods, promote women’s leadership, and enhance gender balance within financial institutions.
About Banco Ficohsa Nicaragua
Banco Ficohsa Nicaragua is part of Grupo Financiero Ficohsa, a leading financial group known for its dedication to innovation, customer service, and social responsibility. The Bank’s commitment to gender equality is reflected in its specialized programs and financial solutions designed for women entrepreneurs, enabling them to grow their businesses and positively impact their communities.
About Incofin
Incofin Investment Management is an impact-driven fund management company specializing in emerging markets. Headquartered in Belgium and with offices worldwide, Incofin focuses on inclusive financial services, agri-food value chains, and clean water investments. Incofin manages approximately USD 1.1 billion in assets, backed by a diverse investor base comprising development banks, institutional investors, family offices, and private individuals.
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For media inquiries, please contact:
Shonan Kothari
press@incofin.com
