Awards: What awards or honors has the project received?
TecAp is the first microfranchise in Nicaragua.
It has been honored by two universities in Nicaragua.
It is the topic of a course for the last 4 years in Tulane University.
It is recognized by the InterAmerican Development Bank as a microfranchise active in Central America.
Carter Garber, CEO, of IDEAS and co-founder of TecAp is well known in the microfinance fields. He is the founder of several social enterprises in different fields, including 5 financial institutions. [email protected]
Where have you learnt about the competition?
Tell us about your partnerships:
IDEAS worked to create a loan product with a well known microfinance institution, Fundenuse, to obtain financing for the TecAp solar energy microfranchise. Global Partnerships has lent $1.2 million to Fundenuse to lend for solar energy.
IDEAS has been active for 40 years in international development and social enterprise so has many partners.
IDEAS has worked for 28 years in Nicaragua so is officially recognized by the the Nicaraguan government
Challenges: What challenges might hinder the success of your project and how do you plan to overcome them?
Nicaragua is the 2nd poorest country in the western hemisphere. However, the international board of the NGO has Nicaraguan leadership and all Nicaraguans are on the body that manage the social enterprise. Also, the staff are rural Nicaraguans who live the reality and problems that the program faces. They are rural development professional who can help overcome the obstacles.