Micro-entrepreneurs in the Guatemala City metropolitan area do not have reliable access to financial services and capital, which constrains their earnings potential and may encourage them to migrate. Cooperativa Integral de Ahorro y Crédito Cultura Comunitaria Responsabilidad Limitada (COCULTURA) enables local artists to access capital to grow or launch their small businesses. At the IAF, we work to expand economic opportunities in Guatemala. COCULTURAS’s activities encourage small business growth and local entrepreneurship to ensure meaningful opportunities for communities to thrive. This grant is part of our broader initiative to support economic prosperity, democracy and governance consistent with the U.S. Strategy for Engagement in Central America.
|Project:||Location:||Years active:||IAF grant funding:||Counterpart commitment:||Direct beneficiaries:||Indirect beneficiaries:||Program areas:|
|Institutional strengthening and economic inclusion||Guatemala||2018 – 2020||$50,000||$51,030||40 individuals||400 individuals||leadership and education|
job skills and enterprise development
Talk about community-led development!