Agora Partnerships <\/a>(\u201cAgora\u201d), a non-profit working to increase the flow of human, social and financial capital to early-stage, high-growth and high-impact enterprises. Their Accelerator Program finds the best double- or triple-bottom line companies in Latin America and helps them access the capital they need to grow their businesses and increase their impact by making them visible to the investors, mentors and other supporters that would like to support them.\n\nThey are registered as a 501(c)(3) non-profit entity in the U.S., with their headquarters located in Washington, D.C.\n\nThey developed (in conjunction with World Impact Foundation) an innovative financing mechanism to increase capital to early-stage entrepreneurs in Latin America. This financing mechanism will provide capital in the form of \u201crecoverable grants\u201d to small and medium enterprises in Latin America through a \u201cpass through\u201d restricted grant from World Impact Foundation to them. World Impact Foundation (a U.S.-headquartered family foundation) approved a grant in the amount of US $ 100,000 to be implemented to Agora. Agora was then responsible to redistribute (or \u201cpass through\u201d) the capital as a \u201crecoverable grant\u201d to the selected social entrepreneur(s). The \u201crecoverable grant\u201d was structured between $10-50K USD (average $25K-35K USD) with 0% interest rate at 12-24-month payback. Each \u201crecoverable grant\u201d will have a 1% disbursement fee (charged directly to the entrepreneur) to cover transaction costs. The financing, in conjunction with Agora\u2019s consulting, is meant to be catalytic in supporting activities that need risk tolerant and inexpensive capital, while meanwhile helping these companies meet the family office\u2019s milestones for traditional investment later down the road. Ultimately, World Impact Foundation would follow on with direct debt investment to the social entrepreneur(s).\n\nThe Managing Partner of Garc\u00eda & Bod\u00e1n Managua, Federico Gurdi\u00e1n, the Associate Valeska Fonseca and the Law Clerk Carla Jir\u00f3n drafted the template \u201crecoverable grant\u201d contracts that they will use with the social entrepreneurs in Nicaragua to ensure they were fully protected and in compliance with all relevant and country-specific laws. They also provided legal counsel with respect to applicable local rules and regulations as well as best practices.","protected":false},"excerpt":{"rendered":"Garc\u00eda & Bod\u00e1n Nicaragua through TrustLaw assisted Agora Partnerships (\u201cAgora\u201d), a non-profit working to increase the flow of human, social and financial capital to early-stage,<\/p>\n","protected":false},"author":10,"featured_media":13313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-13292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/13292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/comments?post=13292"}],"version-history":[{"count":1,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/13292\/revisions"}],"predecessor-version":[{"id":39937,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/posts\/13292\/revisions\/39937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/media\/13313"}],"wp:attachment":[{"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/media?parent=13292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/categories?post=13292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/garciabodan.com\/en\/wp-json\/wp\/v2\/tags?post=13292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}