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

 

The Future of Chocolate

The Future of Chocolate

As demand for cocoa outpaces supply, smallholder farmers hold the key to ensuring a sweet and sustainable future for chocolate.

The Overlooked Secret to Successful Small Businesses

The Overlooked Secret to Successful Small Businesses

What can the success of a small-town fishmonger teach us about the financing needs of entrepreneurs? Quite a bit, according to TechnoServe's Chile country director.

Hatching a Plan for Economic Independence

Hatching a Plan for Economic Independence

Like many young women and men in Rwanda, Eugenie struggled to make ends meet, until she applied the skills she learned through TechnoServe's STRYDE training to assess and meet an important need in her community.