CENTRAL LAW Nicaragua assists in the incorporation of a new Microfinance Institution

CENTRAL LAW Nicaragua assists in the incorporation of a new Microfinance Institution

Starting on 2015, CENTRAL LAWNicaragua has given legal advice to its client OMNISPORT, a Salvadoran company, whom have chosen our country as their first destiny to start their expansion.

For the development of their operations, OMNISPORT uses their store branded GLOBEX, with whom they trade White Goods. During 2015, more GLOBEX stores were inaugurated in Managua as in Chinandega.

With the purpose of maximize their competitiveness in the national market, we advised OMNISPORT in the incorporation of a Microfinance Company, called CREDIGLOBEX, as well as the registration into the National Microfinance Commission (CONAMI). This incorporation will allow CREDIGLOBEX to intermediate resources for microcredits and financial services to their clients.

This project counted with the legal assistance of CENTRAL LAW Nicaragua, with the involvement of the Partners Yali Molina Palacios and Alvaro Molina Vaca, as well as the Associate Avil Ramirez Mayorga

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