Micro-credits for Baru Island entrepreneurs
Story
This project will give micro-credits to a minimum of 10 low income entrepreneurs of Baru Island, who have a business idea, experience in a activity and lack of financial support. The project objectives are to 1) identify the young entrepreneurs and 2) provide them with technical and financial support (training and credit) to improve their business and increase their only source of income.
Impact
The project will give young entrepreneurs the tools they need to increase their income and to create new jobs and therefore to improve the community`s quality of life.
Challenge
Cartagena is the second poorest city in Colombia. (Study "Poverty in Cartagena: A neighborhood analysis", Center for Regional Economic Studies (CEER) Cartagena, 2007). Over 75% of its population is below the poverty line. Ararca, Santa Ana and Baru, the 3 towns located in the Island of Baru, despite being located in a great potential touristic area, are one of the poorest sectors of the city with the highest levels of poverty and unemployment.
Updates
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