Strengthening competitive structures in the cooperative sector in Mexico, Central America and Cuba

Start Year:
2017
End Year:
2019
Country:
Mexico
El Salvador
Nicaragua
Honduras
Cuba
Region:
America
Budget (€):
3,025,000
Sector:
Banking, Credit, Insurance
Type of Activity:
Consulting (i.e. advocacy, organizational, ICT, etc.)
CEDP Organisation:

Project Objectives

The project aims at enhancing cooperative system in being able to offer competitive products and services to marginalised parts of the population and SME. They shall create and/or improve savings, investment and income opportunities, particularly in rural areas, and thus contribute to poverty reduction.

Summary

Although the poverty and income inequality have declined over the past decade, Central America keeps being the region with the highest social inequality world wide. A crucial reason for that is the low percentage of the population with access to financial services, but also to product and input markets. According to the World Bank's Global Findex, 39% of the adult population in Mexico have 37%, 37% in El Salvador and only 19% in Nicaragua. No data are available on Cuba. The supra-regional project focuses on small and medium enterprises (SME), cooperative banks and its members as well as on cooperative federations and national authorities on the macro level.
The project activities include consultancies, trainings and exchange programs, as well as specialized IT applications, e.g. early warning and control systems. With the activities the project aims at improving the cooperative banks sustainability and expansion of their financial products with the purpose to enhance the financial inclusion in the project countries. In Cuba, the DGRV advises the national partner in the elaboration of its cooperative sector.
 

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Contact

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VAT: BE 0879.795.938
+32 2 743 10 33
www.coopseurope.coop

 

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