In the rural and marginalized communities of Sandino Village and Cristo Rey, Nicaragua, the NEO Fund runs a poverty-alleviation program for the poorest of the poor in coordination with Orphan Network, which provides child feeding for vulnerable children in the neighborhood. The NEO Fund finances income-generating activities so the poorest families can escape extreme poverty.
In Nicaragua, more than 40% of the population is in extreme poverty. Children from these families do not have access to basic nutrition, education and health care, which affects their basic rights and their future. At the same time, the parents of these children do not have income-generating activities to provide a better life for their children. These parents need practical business knowledge and financing to run micro-enterprises.
The NEO Fund and Orphan Network provide an integral solution to the poorest people. Orphan network provides nutrition, education and basic health care for 550 vulnerable children in these areas and The NEO Fund provides training in micro-entrepreneurship and microloans to 105 women, who are heads of families, which enables them to generate income by their own efforts.
The families will have better nutrition, education, health, and housing. They will receive start-up financing and ongoing coaching in running their micro-enterprises. The social and economic improvement of these families will encourage other members in the communities to access to our projects of child feeding, education, basic health care, business training and micro-loans as a sustainable way to get out of extreme poverty.
This project has provided additional documentation in a PDF file (projdoc.pdf).
