It’s sad to see how small- and medium-sized enterprises (SMEs) have been deeply affected by the COVID-19 pandemic, especially in low-income countries, including where I live in Nicaragua. Here nine out of 10 enterprises are classified as SMEs, and the impact of the pandemic has driven down our economy and increased the push factors that compel many youth to leave our country and migrate elsewhere — often irregularly and through dangerous means — in search of better opportunity.
At Children Believe, we’re continuing to support income-generating activities and SMEs during the pandemic, improving the livelihood of youth, so they feel like they have a future in Nicaragua and don’t have to leave their communities and families behind.
If not for a Children Believe-supported project, Francis, a 22-year-old entrepreneur from Matagalpa in northern Nicaragua, may have looked to another country for opportunity.
Instead, Francis won a seed-fund contest held in her community, an in-kind funding opportunity where young entrepreneurs prepare business plans and pitch them to an expert panel.
The event was part of an employability initiative to fund equipment and materials for new youth-led business ideas with the potential for sustainable growth. Francis won sewing machines, fabric and other materials, which have been crucial to increasing the production and sales of her clothing workshop, Stilos Alhondra (Alhondra’s Styles).
We’ve helped support youth-led small ventures like Francis’ during the pandemic, thanks to the Global Affairs Canada-funded Preventing Irregular Child Migration in Central America (PICMCA) project. PICMCA was designed to improve the well-being of youth at risk of irregular migration. During PICMCA’s implementation, 36 young entrepreneurs — 69 percent of them women, from four rural and urban areas of Nicaragua — benefited from in-kind donations.