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

 

Beyond Diamonds: Building Businesses in Botswana

Beyond Diamonds: Building Businesses in Botswana

A public-private partnership is helping Botswana's entrepreneurs grow their businesses and create sustainable jobs in their communities.

Fortifying Communities Through Innovative Maize Mills

Fortifying Communities Through Innovative Maize Mills

Using a unique business model, TechnoServe is helping women entrepreneurs retool traditional grain milling in Mozambique.

Juicing Success in Burkina Faso

Juicing Success in Burkina Faso

TechnoServe’s business accelerator program in Burkina Faso is connecting entrepreneurs with business advisors to help grow the next generation of businesses.