This project will allow 1,600 Nicaraguan farmers to get the financial assistance they need to expand their farms and work their way out of poverty. Farmers living in remote, rural areas of Nicaragua do not have access to basic financial services such small loans, financial education and technical assistance. WCCN is cooperating with a local microfinance institution to provide these services. These services and the community's work ethic will help this community bring itself out of poverty.
Low-income individuals in rural Nicaragua, especially women, do not have access to credit and other financial services. This traps farmers and entrepreneurs in a cycle of poverty by preventing them from utilizing small loans and technical assistance to expand their businesses and increase their income. WCCN's partner microfinance institution, COOPEFACSA, will provide access to credit and business training for entrepreneurs and farmers, with particular emphasis on financial services for women.
Your support will address poverty and social injustice in Nicaragua by providing over 1,600 rural farmers and business owners with access to capital that they can use to expand their farms or businesses. New borrowers will receive financial education and training as well as the services necessary to grow their businesses and farms to improve their quality of life. Funds from this project will provide the link between these borrowers' hard work and their economic success.
This project will allow COOPEFACSA to expand access to financial services to 1,600 under-served farmers and entrepreneurs in the rural communities surrounding Nueva Guinea and El Rama in Nicaragua. These individuals will have the opportunity to work their way out of poverty and improve their family's quality of life. This project will have a high social impact in rural Nicaragua as these communities become empowered to rise out of poverty as a result of their hard work.