Fact Sheet Empropaz (pdf - 131k)
Productive Entrepreneurships for Peace (EMPROPAZ) fosters financial inclusion and development through microfinance and socio-business services to over 110,000 microbusinesses and entrepreneurs. EMPROPAZ also facilitates financial service access to over 3,000 Venezuelan migrant entrepreneurs and microenterprises residing in Colombia. EMPROPAZ is implemented through a public-private partnership between USAID, Bancamía, the Colombian Women’s World Corporation (CMMC), the Medellín Women’s World Corporation (CMMM) and BBVA’s Microfinance Foundation. Together these organizations are contributing USD $29 million, USD $9 million of which was contributed by USAID directly and USD $20 million of which was contributed by the private sector. EMPROPAZ runs from December 2018-December 2023.
EMPROPAZ encourages productive finance through microcredits, savings, insurance and financial literacy training to rural microentrepreneurs, including Venezuelan migrants.
EMPROPAZ creates new rural microenterprises through the provision of business development services as well as financial services for entrepreneurship. It does this through a revolving seed credit fund worth USD $1.88 million.
EMPROPAZ helps existing microenterprises grow their businesses by providing business plan development training that will allow enterprises to access loans.
Contact Information |
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Christian Quiroga |
Last updated: August 25, 2021
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