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Rural micro-businesses consider new bill
By Marcia Morales, World Vision Nicaragua on 28 Aug 2007
World Vision has been working very closely with micro-businesspeople for the past five years, focusing on business organisation. Over 630 micro-businesspeople from the rural areas of Nicaragua have been trained.
Recently, over 50 micro-businesses from rural areas of the western and southern part of the country participated in the "National Forum on the bill to promote, foster and develop Micro, Small and Medium Businesses (MIPYMES)".
The micro-businesses attending the forum were informed about the future of this bill so that they could be aware of its implications and offer recommendations to enrich it. Micro-businesspeople, both women and men, from communities (accompanied by World Vision) attended the event. These businesses are mainly involved in producing handicrafts, hammocks, bakery goods, agro-industry and promoting small tourist operations.
According to data from the International Foundation for the Global Economic Challenge (FIDEG), medium, small and micro-businesses represent over 90% of the business universe and are estimated to contribute nearly 60% of the country’s total employment.
Luis Manuel, a 20-year-old from a World Vision Area Development Program located 40 kms from Managua, says, "I feel very proud to have my little hammock-making business. We’re all young and are dedicated body and soul to our business. I owe all my knowledge to the training by World Vision."
According to Jennifer, responsible for local fundraising, World Vision has in the past five years helped create networks of clusters in the different communities so the producers can get their products in the market more efficiently, and has provided specialised training such as client service, strategic marketing and business organisation.
The Forum, where the micro-businesspeople learned about the MIPYME bill in detail, was also attended by micro-financing institutions that have Micro-Credit Programmes, local non-governmental organisations, representatives of the United Nations Development Programme (UNDP) and the United Nations Industrial Development Organization (UNIDO), who were among the panelists.
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