CAF will reach 35% green financing in 2024
November 19, 2024
November 12, 2008
This year, the competition was organized by the Natural Resources Management in El Chaco and Valles Altos Project (PROMARENA). The event is promoted by the Andean Development Corporation, the International Fund for Agricultural Development (IFAD), German Technical Cooperation (GTZ), the Canadian Center for International Studies and Cooperation, and the PRAIA Foundation, among others.
The 10 finalist groups will be selected from a total of 46 by an independent jury composed of people involved in rural development, belonging to institutional areas, NGOs and international cooperation; as well as the participants themselves who also evaluate the competing micro-enterprises. The competition uses the method of presentation and defense of entries.
The evaluation will recognize the degree of difficulty for starting up the enterprise and its effectiveness for reducing poverty, and improving profitability and market access. The evaluation will also take into account development of human and social capital, and the use of communication technologies. The semi-finalists will present their products in an internal fare to be held on the same day as the competition.
Winning producers will receive cash prizes from US$500 to US$2,000, without strings; however in past years the winning women have always reinvested the funds in their businesses to expand production, buy machinery or improve their products.
The objective of the CAF and IFAD joint projects is to reduce poverty levels, strengthen the capacities of rural people in activities related to sustainability; in this case, the competition stimulates the participation of campesino women in the economies of their communities.
The activity will be shown in a documentary video filmed in the top five winning communities. A book will also be published on the successful experiences of the rural enterprises and the competitions, taking into account market access and the fight against rural poverty as a model for other countries which want to replicate the experience of the women's competitions.
Finalists
November 19, 2024
November 19, 2024
November 19, 2024