Developing Entrepreneurialism in Ecuadorian Youth

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Summary

Selected youth will be trained in business management and leadership and provided with a system of microcredit to give them the resources needed to initiate and improve their own enterprises. progress reportread updates from the field

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More Information About this Project

Project Needs and Beneficiaries

The Province of Pichincha, the focus of this program, is plagued by high levels of unemployment, low levels of schooling and scarce access to credit. Combined, these factors limit the economic and development opportunities available to youth. This program will train 360 young people to become the initiators of their own social and economic development, with the goal of creating at least 50 new enterprises, ultimately benefiting the entire community by creating jobs and training community leaders

Activities

Youth will be trained in educational workshops focusing on leadership and management. The program will establish a microcredit fund—to be run by youth participants—as well as a system of technical assistance to ensure enterprise sustainability

Funding Information

Total Funding Received to Date: $490
Remaining Goal to be Funded: $279,467
Total Funding Goal: $279,957

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

Why this Project is Important

Potential Long Term Impact

This project will transform young people into vehicles of economic development and social change. As such, they will continue to contribute to their communities as catalysts of positive growth well after the termination of the project.

Project Message

This project represents the future of Ecuador because it gives our young generation an opportunity to be self-sufficient and successful.
- Wilson Andrade, Program Coordinator

Who is Running This Project

Contact

Veronica Falconi,
Coordinator, Institutional Development
Avenida República del Salvador N34-229 y Moscú
Edificio San Salvador, 8va planta
Quito, Quito 0
Ecuador
(+593)(2) 2520 001
Email:

Project Sponsor

The Synergos Institute

Organization

Fundación Esquel-Ecuador
Avenida República del Salvador N34-229 y Moscú
Edificio San Salvador, 8va planta
Quito, Quito 0
Ecuador
(+593)(2) 2520 001
http://esquel.org.ec

Learn more about Fundación Esquel-Ecuador and the project team.


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Where this Project is Located

Country

This project is located in Ecuador and can also be found under Microfinance.

For more information about Ecuador, read the Human Development Report on Ecuador or the Wikipedia entry for Ecuador.

When this Project was Updated

Last Updated

This project was last updated on August 02, 2007.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on November 07, 2006.

Latest Update from the Field

Ecuadorian Youth Bring Innovation to the Work Force

By Santiago Martinez - Fundraising Coordinator, August 02, 2007 07:20 PM


A promising number of Ecuadorian youth have actively participated in our initiative to bring small business to a community in desperate need of employment opportunities.

Over 1,000 young Ecuadorians from the Province of Pichincha attended a series of conferences on entreprenuer skills and practices. The conferences were facilitated by a team of professionals: faculty from Ecuador’s Catholic University, Esquel employees, and members of Pichincha´s Provincial Government.

In the next stage of the project, 142 separate business plans were presented to the team. 386 individuals were involved in the creation of these various plans.

31 of the 142 projects were selected as top initiatives. The founders of these 31 projects received technical assistance and additional training to further develop their plans.

Finally, 3 projects received economic stipends to begin their business. A grant was rewarded to the winning project and loans have been distributed to the 2 runner-ups.

Esquel continues to support all of the projects presented and work for the sustainability of each business.

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