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Microloans
Small businesses strengthen communities.
• Nicaragua is the second poorest country in the Western Hemisphere after Haiti.
• Families can take out a microloan to help start small businesses such as bodegas, raising livestock, mending fences, seeds, farming tools, and making and selling clothes in their community.
• This is a sustainable program in that each microloan is repaid within a year with a small amount of interest which allows the program to grow each year.
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