Red de Empresarias de Nicaragua plans to train 50 women in business management, entrepreneurship, public policies advocacy, branding, marketing and self-development with the goal to improve their knowledge and skills but also to boot their self-confidence.
Many women resort to entrepreneurship as an economic activity and an alternative way out of poverty. Nicaragua counts 127,500 micros, small and medium enterprises (MSME) that employ 70% of the workforce and generate 40% of the GDP. Of these MSME, 40.8% are owned by women. only 67% of women entrepreneurs from the MSME in Nicaragua have finished high school, which leads to limited business management knowledge and technical preparation to successfully run their businesses.
In order to build an environment where women's businesses can thrive, REN has developed an advocacy agenda in coordination with 7 other civil society organizations. This document provides practical recommendations to improve the business environment for micro and small businesses managed by women and addresses 4 priorities areas: access to credit, capacity building, regulatory framework knowledge and promotion of associativity and leadership. For these 4 themes, action plans have been elaborated
With these trainings, women will have the knowledge and skills to grow their businesses, something that in turn will contribute to their economic independence and greater control over their lives and that of their children. Economic security and prosperity will give women entrepreneurs a more influential voice in tackling injustice and discrimination and provide women with more choices and the ability to exercise their human rights.