In 2016, we launched our first social enterprise on the Island of Ometepe, Nicaragua on a 5 manzana (8.4 acre) farm in the town of Esquipulas. The Esquipulas farm project is partnered with the CICRIN child refuge center and school, the local community, and our T2T program.
Social Enterprise: businesses that trade to tackle social problems, improve communities, people’s life chances, or the environment. They earn their money from selling goods and services in the open market, but they reinvest their profits back into the business and the local community.
For the latest photos and chronology of farm progress, please check out our ADios Ministries Facebook page.
The net proceeds of the farm enterprise are to be distributed as follows: the first 10% (i.e., the first fruits) are to be donated through a partnership with local pastors or schools to help the most needy in the community. The next 30% of the proceeds will help fund ADios’ T2T program once the initial investment is repaid internally. The next 30% of the proceeds will be used as capital reserve to sustain and grow the enterprise. The final 30% of proceeds will go to support CICRIN.
The initial investment funded earlier is estimated to be repaid over a three year period at an interest rate of 3.16% unless repayment is accelerated with additional sponsorships. Once paid back within ADios, these funds can then be made available for another enterprise to create more opportunities and impact.
ADios’ T2T students will be participating in the operation of the enterprise as a means to teach practical business and additional life skills while applying their university education, investing in their own community, and beginning to build a resume while helping earn toward their own education.
Our March 2016 Mission Trip Teams helped construct the mainline irrigation piping system and needed access to the lake to allow for year-round operations. This will mean 3 growing seasons on an annual basis (January-April, May-August, and September-December)! This is a significant advantage and necessary for the success of the enterprise. Our plan is to begin full operations for the May growing season. Our lead farmer has been working to help prepare the land and began training in February.
We would like to partner with you!
We would like to partner with you! If you are interested in helping sponsor this farm project or future projects), please visit our Donations Page to see the various opportunities to invest.
As part of this enterprise, we have sublet use of 1 of the farm’s 5 manzanas to an organization that teaches sustainable and organic farming practices to small local farmers in order to help increase their yields and teach business skills. This program will also be training our lead farmer.
Please don’t hesitate to contact us if you want to learn even more about the farm project.