Don Roberto, our driver, stomps down on the accelerator but our car continues to roll downhill. We've lost traction on the steep road to El Aguacate, a remote village perched on top of a mountain in Boaco, Nicaragua. We need to get there to interview Maritza, a client of Global Partnerships' partner, MiCrédito. I begin to worry that we won't make it.
Global Partnerships (GP) recently disbursed a working-capital loan to a new partner, COOPEFACSA (Cooperativa de Ahorro y Crédito Fondo Campesino de San Antonio), a savings and credit cooperative offering financial services to rural, smallholder farmer populations in the Autonomous Region of the South Atlantic (RAAS) in Nicaragua.
Multiple global crises, such as the Ebola epidemic in western Africa, conflicts in Ukraine and the Middle East, and droughts in Central America have led to an increasing demand for food aid. But the aid is unsustainable, according to the United Nations’ (UN’s) Food and Agriculture Organization (FAO) and World Food Program (WFP).
For a young social enterprise, capital and the terms attached to it are the principal fuel for growth. Many start-ups see this as a catch-22.