collaboration agreement

Collaboration

WORKING WITH THE BEST.

In 2011, Open to Grow entered into a Collaboration Agreement with Fundacion Namaste Guatemaya (FNG) under which FNG administered our loan fund based on financial, operating and other criteria supplied by us. The loan fund was part of an integrated business development program that included group financial education, one-on-one business development consulting, and performance measurement all supplied by FNG. Under the arrangement, FNG provided infrastructure, equipment, software, methodologies, marketing channels and senior people to administer our portfolio, including the marketing, disbursement and collection of loans. These operations were overseen by O2G’s management team.

Open to Grow now provides FNG with loan funds that are pooled with funds received from others sources. FNG manages the micro-lending activity and continues to provide group financial education and one-on-one business development consulting.