Impacted Last Year
Established in 2005, Nicaragua is one of Latin America’s least developed countries. Much of the population doesn’t have access to education, which makes it even more difficult for them to improve their situations. Without the necessary tools for success, families remain trapped in a cycle of generational poverty. But when given access to mentorship, training, and micro-loans, they are able to transform generational poverty into sustainable self-reliance.
According to the World Bank, 58% of adults are unemployed, while many of those who do have jobs still live below the poverty line.
The COVID-19 pandemic plus the violence that has prevailed, job losses, a fall in consumer and business confidence, and a decline in labor-intensive sectors such as construction, commerce, and tourism have taken a social and economic toll.
As mentees utilize our programs, they learn how to start and expand their own businesses, or they acquire skills that help them secure quality jobs. They also receive ongoing mentoring that helps them to keep progressing towards their goals while encouraging them to take on positive leadership roles in their own communities even in the midst of a pandemic.