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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.
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.
Mennonite Economic Development Associates is an international economic development organization that creates business solutions to poverty.
MEDA International is a Canadian non-share capital not-for-profit corporation incorporated under the Canada Not-for-profit Corporations Act.
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.
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