Consulting in Nicaragua: Winter 2013 Kim delaMontaigne Kim.delamontaigne@gmail.com Business, Society, and the Economy Academic Majors: Finance and Accounting San Juan del Sur BMGT448N To fulfill my College Park Scholars practicum, I participated in a global studies program in the winter of 2013 in Nicaragua. I, along with 19 other students in BMGT448N: Doing Business in Nicaragua,, I traveled to three cities: Managua, Granada, and San Juan del Sur. Prior to the trip, we met often to Skype with our Nicaraguan partners and to fundraise for the San Juan del Sur entrepreneurs we partnered with. In Managua, we partnered with Nicaraguan university students to draft business plans, brochures, and budgets for local projects. After touring Granada, we met with the pioneers of a lending library to assist them in the same way. Finally, in arguably the most rewarding part of the trip, we worked for a few days with entrepreneurs of San Juan del Sur. The en&re group in Managua Managua After touring historic sites and learning about the Nicaraguan government, we got to work at our beautiful hotel with students from UAM and UNAN, two universities in Nicaragua. In teams, we worked together on developing marketing strategies and business plans for new ideas and products about to be sold and produced. My group worked with Vínculos, a company that creates hands-on learning tool kits for local preschools. We worked with the Nicaraguan students, who soon became dear friends, in a consulting project with the Vínculos women. Together we drafted brochures, business cards, and a marketing PowerPoint presentation that the group will use to explain their project in future endeavors. Granada In Granada, which is more of a traditional city with beautiful buildings and cobblestone streets, we met with two partners who are starting a lending library for the people of Nicaragua. With only one other library they knew of, the pair did not have much information to go off of, and we assisted in researching loans and creating an informative microfinance lending presentation. This was perhaps the most educational part of the trip, because we all learned about micro-finance and were able to share our knowledge with the library to hopefully steer them in the direction of receiving loans and more funding for their project. The most rewarding part of our trip was visiting the beautiful beach town of San Juan del Sur. Not only were we given the opportunity to explore many of the volcanoes, rainforests, and beaches in this city, but we worked hands-on with local entrepreneurs who taught us the most about the Nicaraguan people and culture. My group worked with Noelia and Mirna, two sisters who make beautiful jewelry out of their home and sell it on the local street markets. Without access to a computer, Noelia and Mirna have struggled to campaign their products to other people besides their neighbors in San Juan, and it has been difficult to keep track of their finances. Together, our group created a Facebook page where they now sell their products, business cards and a brochure to hand out at hotels and local businesses. We also designed a catalog with photos of all of their crafts. We surprised the sisters with a computer, a camera, and a monetary donation from the fundraising we had done prior to the trip. Before zip-­‐lining through the forests of San Juan del Sur Experiences Throughout our entire trip, we traveled with and were guided by Jane Mirandette, a brilliant woman who seems to know just about everyone in Nicaragua, and our wonderful driver and translator Edwin. In addition to the work that our groups did in Nicaragua, they led us to explore the country and learn about their culture. We participated in activities such as touring a chocolate factory, climbing volcanoes, and zip-lining through the hills of San Juan del Sur (pictured below). My favorite part of the trip was tasting coffee in the rainforest where it is grown, and comparing the different types of coffee we drink in the states to the pure blends of Nicaragua- it was delicious, but strong! With Nicaraguan students at Universidad Nacional Autónoma de Nicaragua (UNAN) Looking Back & Forward Our advisors, Dr. Susan White Lily Griner, and Pat Heron could not have led a better trip and we thank them for the opportunity. I am so thankful to the Smith School for introducing me to this experience. The people we met and worked with in all three cities soon became very close friends. Mirna still keeps in touch over Facebook and is sure to let us know when new earrings or bracelets have gone up on their page. Many students have made plans to go back to the country next winter. When we met with a few different people from the American embassy, they even informed us about their internship programs, and a few of my peers have considered taking the opportunity to return this summer!