Funding Agreement 2018-06-18T18:12:34+00:00

FUNDING AGREEMENT

Under a long-term funding agreement entered into in November of 2017, Open to Grow will lend funds to ADIM, its international partner in Nicaragua. ADIM will then use these funds to make small business loans to solidarity groups, comprised primarily of poor women located in Nicaragua and will manage the disbursement and repayment of these loans based on agreed-upon criteria.

Under this Agreement, ADIM has agreed to provide Open to Grow monthly with financial, statistical and other information on the performance of the portfolio underlying the funding from Open to Grow. As well, Open to Grow will receive similar information on ADIM itself so that it can assess ADIM’s total portfolio and corporate performance.

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