The objective of NODUS is to improve the overall financial inclusion level in developing countries and, especially, the living standards of low-income groups by providing support for the development of their productive systems in the context of respect for the environment. With this goal NODUS takes action specifically, in the domains of financial systems, rural development and business development seeking financial inclusion.
Micro, small and medium enterprises make up the economic and employment- creating foundation of these countries, both developed and developing, making a significant contribution both to their GDP as well as to the employment generation of the active population, especially among low-income households.
However, these companies do not traditionally exhibit levels enough of operating and technological efficiency, nor do they maximize their marketing potential, which results in a lack of competitiveness and, therefore, causes a negative impact on the environment. Likewise, they rarely have sufficient access to full financial services from the regulated and supervised financial system, which offers the greatest range of products and financial services, and has the capacity to encourage and attract internal savings and to turn them into productive capital, which enables countries to develop. This situation is especially alarming in the rural sector.
These conditions become in two key players in a country’s development, the financial system and the MSMEs, for themselves underdeveloped and disconnected. This lack of interaction has a much larger negative impact in the context of less developed economies, particularly in the rural sector.
With the objective outlined above, our work is directed towards financial inclusion of all people in general, the strengthening of both players and, specifically, towards the support of a business relationship between the financial sector and MSMEs in such a way that the financial sector adjusts its supply of services to suit the specific characteristics and needs of the MSME sector, particularly the rural segment, using profitability criteria and, therefore ensuring institutional sustainability in the long run. The final objective is the ongoing communication between these two development agents for their mutual benefit, as well as for the country’s economic stability and growth.
In the same way, this reveals the importance of acting on the level of financial inclusion of the population, regardless of socioeconomic activity.
NODUS, originates from the Latin word for “bond,” which for us is synonymous with commitment.
This commitment remarks the philosophy of our work and we apply it to:
NODUS supports the GLOBAL COMPACT, an initiative prompted by the United Nations to mainstream the Ten Principles based in human rights, labour, the environment and anti-corruption. Our firm subscribes this Pact, therefore we assume the commitment to fulfil and support the achievement of these ten principles.
Team of consultants
In order to undertake these projects, our company relies upon a team of consultants of various nationalities, who embody broad and diverse professional and human experiences gained within the business, institutional and community environments of different countries.
This experience was acquired through the management of companies, through universities, through consulting and through work with bilateral and multilateral cooperation agencies, non-governmental organizations, companies, financial institutions, and public organizations.
The excellence of this working team is further supported by agreements that NODUS holds with Spanish Universities in such a way that researchers from these Universities collaborate with NODUS on consultancy projects, as well as on the design, organization, and delivery of workshops, seminars and training courses specialized in microfinance sector NODUS.