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SICSA is a microfinance refinancing institution created to address the lack of funding suffered by Microfinance Institutions in Central America. Founded in 2006 at the initiative of the regional microfinance network REDCAMIF, SICSA operates in six Central American countries: Nicaragua, Costa Rica, Honduras, El Salvador, Guatemala, and Panama.
Central America is home to some of the least developed countries on the continent, with some of the lowest Human Development Index (HDI) rankings. The microfinance sector there is not very concentrated, consisting mainly of small and medium-sized institutions. These Microfinance Institutions play a crucial role in improving living conditions and strengthening the resilience of vulnerable populations. However, the latter face difficulties in accessing adequate financing, as they are often neither sized nor equipped to attract funds from international investors. This situation significantly limits their ability to expand their impact.
SICSA focuses primarily on small and medium-sized microfinance institutions, particularly those located in rural areas that face difficulties in accessing financing. Thanks to its flexible products, tailored to the specific needs of MFIs, as well as its responsiveness in processing requests, SICSA has established itself as a preferred financing partner, actively supporting their development.
