Higher Education for Rural Youth Entrepreneurship (IADB-BO-M1070)

Countries
  • Bolivia
Where the impacts of the investment may be experienced.
Specific Location
Los Yungas region of La Paz
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 14, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Unidad Académica Campesina of Carmen Pampa
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Sep 5, 2016


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Project Description
The project seeks to create a comprehensive model of higher education that suits the needs of rural areas, where young people can learn to start new businesses according to local economic activities and, based on this training experience achieve sustainable businesses. 900 young people (at least 50% women), aged 16 to 29, mainly from the rural communities of Los Yungas, La Paz will receive training on business management and entrepreneurship. Of these, 45% are currently studying degree programs at Unidad Académica Campesina of Carmen Pampa (UAC-CP) and 55% have either graduated in previous years or are not affiliated with UAC-CP. Of the 900 young people, 500 (at least 50% women), aged 16 to 19, mainly from the rural communities of Los Yungas, La Paz, will start a business or strengthen an existing business. Four hundred of these businesses will be sustained for one year or more after being launched. This operation was evaluated and classified in accordance with the requirements of the IDB’s Environment and Safeguards Compliance Policy (Operational Policy OP-703). As the risks and impacts are limited, this project is proposed as a Category C operation.
Investment Description
  • Inter-American Development Bank (IADB)
The IDB is granting USD 0.75 million in non-reimbursable technical cooperation for this project, funded with the MIF-Small Enterprise Development Facility. Bolivia is counterpart financing this project USD 0.95 million. The current partnerships between UAC-CP and two development finance institutions (MIF partners) will be expanded to finance youth business ventures that arise: (i) Diaconía-FRIF, which is currently executing BO-X1011 (EcoMicro); and (ii) Fundación Sembrar Sartawi, which is currently executing BO-X1014 (EcoMicro). The objective of the current Diaconía-FRIF agreement is for UAC-CP students to provide technical assistance to their rural clients on measures to adapt to climate change. Fundación Sembrar Sartawi currently finances scholarships for UAC-CP students.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).