Nicaragua
Economic DevelopmentTrickle Up Program - Poorest Nicaraguans Start Sustainable Businesses
Address
Trickle Up Program
104 West 27th Street, 12th Floor
New York,
NY
10001
United States
212-255-9980
http://www.trickleup.org
Mission
The mission of Trickle Up is to help the lowest income people worldwide take the first steps up out of poverty, by providing conditional seed capital, business training and relevant support services essential to the launch or expansion of a microenterprise. This proven social and economic empowerment model is implemented in partnership with local agencies.
Programs
Trickle Up entrepreneurs receive seed grants of $100 ($700 in the US). They receive the first installment of their grant after receiving basic business training and submitting a business plan. They receive the second installment after completing a business report documenting their business activities and demonstrating they have met the program’s requirements, including time invested in business, percentage of profits reinvested into business, and agreement to reporting and monitoring.
Trickle Up Program's Current Projects on GlobalGiving
 Help Women in India Start Small Businesses |
Trickle Up Program's Funded Projects on GlobalGiving
 Economic Development: Trickle Up in Cambodia |
 Post-Katrina Small Business Help for Delta's Poor |
Personnel Overview
Byron Flores - Program Officer for the Americas
Byron Flores joined Trickle Up in the summer of 2002 with 11 years of experience in rural development in Latin America, particularly in planning, monitoring and evaluating microfinance, agriculture, and healthcare programs. A native of Guatemala, Flores holds a Masters of International Affairs from Columbia University, with a specialization in economic and political development.
Personnel Statistics
William M. Abrams, President
Founded in 1979
Employees: 20
Volunteers: 30
Financial Statistics
Budget (2009): 5,334,450
Budget (2008): 4,347,600
Maximum Budget: 3,800,000
Overhead: 17%
Other funding sources: Individuals, foundations, corporations, government.
Religious Affiliation: none
