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SosteNica

An investment with SosteNica is an investment in: social justice, environmental sustainability, and community development = in a future.

  • Stage Full Product Ready
  • Industry Financial Services
  • Location West Chester, PA, USA
  • Currency USD
  • Founded November 2000
  • Employees 7
  • Website sostenica.org

Company Summary

SosteNica's portfolio and staff support thousands of credit worthy poor in Nicaragua with technical assistance, agro-ecological training, credit, empowerment, and development assistance. Our sweat equity model emphasizes sustainable development, rather than charity hand-outs that lead to dependency. Our borrowers are dynamic men and women determined to make a better life for themselves and to build better communities for fellow Nicaraguans.

Team

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    Alan Jackson Wright
    President

    Dr. Wright received his BA from University of Pennsylvania, his MA from University College, Oxford and his PhD from Yale University in 1988. For the past 30 years, Dr. Wright has worked for social and economic justice in Nicaragua. For that work, he has been recognized by the W.L.P.F. and was awarded the Gandhi Peace Medal by Promoting Enduring Peace. He lived and worked in Nicaragua from 1990 through 1995.

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    Christopher Bell
    Chief Financial Officer

    Mr. Bell has been the fund administrator for SOSTENICA since 1997. Mr. Bell attended the University of Kansas. He has spent many years in the trade union movement as well as working in the wholesale and retail industries.

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    Ricardo Osman Cruz
    Sustainability Program Director

    Born - Chontales, Nicaragua has degrees from: Universidad Americana de Managua, Graduate Degree in Management - 2009; Diploma in Formulation and Evaluation of Financial Projects - 2009; Institute for Rural Development, Certificate in Environmental Management - 2003; Concordia University, Graduate Diploma in Community Economic Development, Montreal, Canada - 2003; Work experience: Rivas Project Manager La Joya; Amayo Windfarm Plant Administrator

Advisors

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    Jay Pressman
    Lawyer
    Unconfirmed
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    Steven Handzel
    Accountant
    Unconfirmed

Previous Investors

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    Sisters of Charity of NY; Sisters of Saint Francis of Phila; Sisters of Charity of St Elizabeth
    Unconfirmed
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    Untours Foundation; Seton Enablement Fund; Sisters of the Holy Cross; Catholic Health Initiatives
    Unconfirmed
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    3Sisters; Adrian Dominican Sisters; Sisters of the Sorrowful Mother; Sinsinawa Dominicans; Benchmark
    Unconfirmed