Microcredits

Specific aims:

• To provide financing in the form of working capital to projects that are aimed at achieving social and community development.

Newly-established businesses

The amount loaned varies depending on the type of project. It is important that a structured business plan and a clear pay-back plan be presented. Though preference is given to projects with strong social impact, which benefit the highest possible number of people, all the projects that apply are reviewed. It is important that applicants provide as much information as possible about their project.

Fundación Andar operates as a silent partner that limits itself to providing capital, and loans may be paid back in the form of shares at the Foundation’s discretion. Consultancy and personalized follow-up will be provided for ALL projects.

Existing businesses (increases in working capital)

The amount loaned varies according to the type of project. It is important that a structured business plan and a clear pay-back plan be presented. Though preference is given to projects with strong social impact, which benefit the highest possible number of people, all the projects that apply are reviewed. It is important that applicants provide as much information as possible about their project.

Fundación Andar will operate as a silent partner that limits itself to providing capital until the full amount lent, plus interest, has been paid back, and recipients of support must furnish the Foundation with balance sheets showing outlay and income every two months.

Consultancy and personalized follow-up will be provided for most projects.