Grants and Contributions:
Title:
Improving Access to Credit for Microbusinesses and Small Enterprises
Agreement Number:
5007060751 P000684001
Agreement Value:
$17,952,692.00
Agreement Date:
Oct 31, 2014 - Mar 31, 2022
Description:
This project aims to reduce poverty and to foster economic growth in targeted countries in Africa and Latin America by improving microenterprises and small enterprises’ access to financial services that suit their needs. The project puts in place four new Entrepreneurs Financial Centers (EFCs) in Tunisia, Côte d’Ivoire, Colombia, and Nigeria and strengthens three existing EFCs in Zambia, Tanzania and Panama. EFCs offer more elaborate services than microfinance institutions and reach to entrepreneurs that do not fit the requirements of mainstream banking. The project seeks to benefit 75,000 men and women entrepreneurs and to help maintain and create close to 80,000 jobs.
The main activities of this project include : 1) drafting business plans for new EFCs; 2) implementing technological solutions related to operations; 3) recruiting and training EFC staff; 4) developing credit products for entrepreneurs and technologies that enhance their accessibility; 5) developing innovative financial services; and 6) strengthening EFCs’ internal audit and governance capacity.
Organization:
Global Affairs Canada
Expected Results:
The expected intermediate outcome for this project includes the sustainable and competitive creation and expansion of microenterprises and small enterprises led by women and men in seven targeted countries in Africa and Latin America.
Location:
Lévis, Quebec, CA G6V 4C3
Reference Number:
GC-2015-Q3-0029
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
104905757
Recipient Type:
Not-for-profit organization or charity
Additional Information:
Belated reporting that should have been included in the 2020-2021 2nd Quarter report: The end date is postponed to March 31, 2022.
Amendment Date
Sep 30, 2020
Recipient's Legal Name:
DID - Développement international Desjardins
Federal Riding Name:
Bellechasse--Les Etchemins--Lévis
Federal Riding Number:
24010
Program:
International Development Assistance Program
Program Purpose:
The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.
Amendments: