Nicaragua is a lower-income country in Central America, with a finance sector that provides limited services. Approximately 65% of the country’s workers are employed in the informal sector. Like many countries in the region, its economy is heavily dependent on agriculture, representing 17% of its GDP and agricultural produce and textiles, which makes up 50% of its exports. The rural population of Nicaragua is even more dependent on agriculture for their livelihoods, since 90% of rural people work in this sector.
2011 – Present
Areas of Expertise
Financial services, market systems, investment
Vegetables, fruit, honey, coffee, cocoa
MEDA's work in Nicaragua
In 2011, MEDA launched its first project in Nicaragua. Since then, MEDA has partnered with local institutions, ministries, and businesses to provide financial services, access to markets, and investment. Currently, MEDA supports small farmers and agri-food processors to become more profitable and use more efficient technologies that will increase their harvest and improve the quality of their produce.
“With this technology, we are enabled to expand our area of production and of cultivation from the time that we save. With the other mechanical atomizer, one manzana [1.7 acres] took one day to do an application [of the agrochemicals]. Now with this atomizer, this can be done in two hours.”
MEDA – Mennonite Economic Development Associates – is an international economic development organization that creates business solutions to poverty.
Mennonite Economic Development Associates is a 501(c)(3) status non-profit organization in the United States: EIN 23-7398678.
Mennonite Economic Development Associates of Canada is a registered charity in Canada: No. 107 691 057 RR0001.