SOSTENICA INC

Rating: 4.83 stars   6 reviews

Issues:

Location: 1019 Ashley Rd West Chester PA 19382 USA

Mission: Promote sustainable economic development in Nicaragua
Results: Millions of dollars loaned and repaid. Tens of thousands of loans made to low-income borrowers. Thousands of dollars spent offering technical assistance to small farm families to achieve greater sustainability.
Programs: Micro-lending; technical assistance; reforestation; sustainable housing; agro-ecology workshops.

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Community Reviews

Rating: 5 stars  

1 person found this review helpful

I have known Sostenica since its establishment some twenty years ago. In fact, I knew its founders since the eighties and I witnessed their commitment to improve the lives of many in the less developed countries. I find their actions to educate the young in sustainable agriculture practices and the promotion of family vegetable gardens to be exceptionally effective in improving lives while providing the fishing rod. This is a truly great nonprofit that deserves sustained and generous support.

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Rating: 5 stars  

1 person found this review helpful

SosteNica, a name that reassures the will to innovate, be socially committed and eager to educate.

Sostenica´s work in Nicaragua has left an important footprint which I´ve followed throughout clients who have been benefited with SosteNica´s investment in training and innovative ideas in the fields of microfinance, sustainable agriculture, and green technologies.

I feel part of this family, and it fills me with great pride to know that my effort is part of an even greater effort of hundreds of people who believe in the development of Nicaragua.

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Rating: 5 stars  

1 person found this review helpful

SosteNica's work is based on a holistic vision of sustainable development of the community. Its work addresses the real needs of the small producers that it helps, and aren't just "feel good" projects. Because the economy of the community of Nagarote is still very much rooted in agriculture, SosteNica helps to promote agriculture that is affordable, sustainable and diversified. I volunteered with the team for seven weeks, and it was extraordinary how dedicated the members were to helping the community, as they often rode for great length to each producer's farm to deliver technical assistance and support. In addition to going out into the field, the team also frequently held workshops and demonstrations on topics such as creating organic fertilizers and preserving produce. I also loved how the team started reaching out to schools to encourage the younger generation to have more interest in sustainability and responsibility for their natural resources. In particular, I had the opportunity to help with the sustainable family gardens initiative, which had real impact in providing more food security, economic opportunity and better diets for the producers. All in all, it was inspiring to see how SosteNica developed such a diverse array of complementary projects to support community development and natural resource conservation. I highly recommend you to check out their work on Google+ and Facebook--the pictures are great windows into the meaningful projects that they do!

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Rating: 5 stars  

1 person found this review helpful

I've been involved with SosteNica for many years and am impressed with the vision and dedication of its founder Alan Wright. Programs are well thought out and adjusted based on reviews and changes in circumstances always with an eye toward reducing climate change and building resiliance for Nicaraguans. The staff in Nicaragua is outstanding.

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Rating: 4 stars  

1 person found this review helpful

SosteNica is provides opportunities for North Americans to make a real impact in the lives of Nicaraguan farmers and small business owners through loans and technical support. I have been an investor since 2005 and also worked for three years as a staff member in Nicaragua, and can vouch for the integrity and quality of the loans services provided through their partner organizations. SosteNica is a small group of creative individuals who are skilled at taking limited resoures and maximizing their impact with creative combinations of credit and technical assistance. If you are interested in using your savings to make the world a better place socially, economically and environmentally, I urge you to make an investment with SosteNica.

Will you volunteer or donate to this organization beyond what is required of board members?

Likely

How much of an impact do you think this organization has?

Life-changing

Will you tell others about this organization?

Definitely

When was your last experience with this nonprofit?

2012

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Role: Professional with expertise in this field
Rating: 5 stars  

1 person found this review helpful

SosteNica began its loan fund work in the early 1990s as one of the very first organizations to offer micro loans to those who would never qualify for larger bank loans. I visited the women's weaving cooperative which was the recipient of their very first informal loan. The operation was small, only about a half a dozen women - all mothers. Their production had stopped completely since they did not have the capital to purchase the cotton thread needed to get their looms up and running. SosteNica offered them a modest loan and drove them to Managua, the capital city, to purchase their yarn. While the initial loan was essential, the technical assistance and faith expressed in their abilities strike me as some of the unique features of SosteNica's program. More than twenty years later, this weaving cooperative is still producing beautiful loom-woven textiles and providing meaningful income to these enterprising women. To me, this is a profound testimony to the effectiveness of micro-lending. SosteNica has offered me and many others the opportunity to stand with Nicaraguans who are working tirelessly to improve their standard of living through small, local businesses and farms.

How does this organization compare with others in the same sector?

Very Well

How much of an impact do you think this organization has?

Life-changing

Will you recommend this organization to others?

Definitely

When was your last experience with this nonprofit?

2012

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