Scaling the Solution: How do you intend to scale your activities over the next two years (e.g., reach new markets, diversify solutions, etc.)? What will make this possible?
We have a budget of £40,000/yr. €200,000 would make a considerable difference allowing us to scale our impact as follows:
-Involve new communities in Nicaragua
-Strengthen our training programs
-Expand our working capital fund to set up the first women run recycling workshops & connect them up to international markets
-Change the sourcing pattern of the fashion industry
The publicity would assist our goal to build an industry-level design programme to offer designer-quality products to reach new markets.
Our recycling and education courses are currently undergoing certification by the Nicaraguan Ministry of Employment. Our team in Nicaragua is expanding CSR partnerships to secure both funding and new sources of raw materials
Financial Sustainability: What is your business model to ensure financial sustainability?
We are creating sustainable supply chains for retailers who may have never sourced from a cooperative vendor. We aim to expand our sales partnerships to satisfy the growing consumer demand for ethically-sourced products and connect to large-scale sales opportunities. We have based our sales plan in higher-end markets that can command fair wages and fuel a sustainable business model that can be scaled and replicated around the world.
Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.
I have worked in Costa Rica, Venezuela and Nicaragua for NGOs on donor-funded, community-based programs, effectively administering projects to achieve the desired outcome. I set up this project in 2009 and have successfully fund-raised and built a good base market connecting Chureca Chic to consumers outside of Nicaragua. What we need now is the opportunity to scale up and increase our impact, which we will achieve with this funding.