Video: Boosting Business Growth in Nicaragua

June 18, 2013

A TechnoServe business plan competition helped Verónica Bucardo take her fledgling textile manufacturing business to new heights.

Verónica Bucardo is proud of the steady growth of IKO Imagen, the textile and handbag manufacturing company she co-founded in Managua, Nicaragua. She credits Idea Tu Empresa (ITE), a business plan competition organized by TechnoServe, with helping the IKO Imagen team refine its business plan and set a course for success. After entering and winning the 2010 competition, IKO Imagen received training, support and $10,000 in seed money that allowed the business to invest in several pieces of industrial equipment and diversify its products and services. “I am sure that if we had not won TechnoServe’s competition, our growth would have been much slower,” Veronica says.

Learn more about IKO Imagen’s success.

 

Related Blog Posts

 

Listening to Young Leaders

Listening to Young Leaders

We can learn a lot about solving youth unemployment by paying attention to young entrepreneurs. Changemakers like Violeta Martinez are eager to share lessons that are both context specific and universally relevant.

Cultivating a Collaborative Coffee Culture in Central America

Cultivating a Collaborative Coffee Culture in Central America

TechnoServe promoted a new culture of collaboration and learning across the coffee sector, from testing and evaluating new techniques in rural communities to engaging government and private stakeholders to share data, strengthening the industry as a whole.

“Never Say I Can’t”

“Never Say I Can’t”

After a devastating flood forced Daria Arabulo to start a new life in a different country, she launched her own business to provide for her family. Three years after participating in TechnoServe’s Impulsa tu Empresa program, her business continues to grow.