One hundred and twenty-five university students graduated yesterday with business and technical degrees thanks to support from USAID’s Enterprise and Employment program and the Victoria Foundation, an institution that promotes technical education in Nicaragua.
The 85 business graduates received scholarships from USAID to take classes at the Universidad Centroamericana (UCA) in strategic planning, human resources, negotiation techniques, human relations and customer service.
Those who graduated with technical degree took courses in mechanical drawing, electricity, mechanics, hydraulics and pneumatics. The technical education program also covered classes in welding and the use of lathes, which allows these young professionals to work in existing small or medium-sized industries, or on their own.
USAID’s investment in the education program was approximately $107,000, with matching funding from Victoria Foundation. The funding covered educational materials such as books, uniforms, meals and wages for teachers.
Yesterday’s graduation event was attended by U.S. Ambassador Phyllis Powers, Danilo Cruz-DePaula, head of USAID’s Enterprise and Employment Program, and Jaime Rosales and Berta Mayela Quintanilla of the Victoria Foundation, which co-financed the technical degrees.
USAID’s Enterprise and Employment program is also providing support through another co-investment effort with Victoria Foundation to open a technical degree in food technology, which will contribute to a qualified workforce to improve food security in Nicaragua.
USAID’s Enterprise and Employment program focuses on three main objectives: business development, human capital development; commercial capacity and business climate.