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2 Reviews
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November 26, 2012

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November 26, 2012

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.

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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

November 1, 2012

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November 1, 2012

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.

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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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