USAID, along with Business Foundation for Social Action (FUNDEMAS), Educational Initiatives Fund (FIDES), Rafael Meza Ayau Foundation, Agrisal Group and Escalon Initiative form the “Sustainable Communities: Entrepreneurship and Employment Generation” Alliance. This public-private alliance involves nine communities of the Escalón neighborhood in San Salvador in the area’s integrated development. The specific focus of the alliance is employment generation for women and youth and enhancing competitiveness of the SMEs from the nine communities. This project will offer multiple benefits: employment generation, increased incomes, improvement of quality of life and reduction of violence levels. It is expected that the alliance will strengthen the creation of micro and small businesses in the communities, help existing small and medium business, and develop job skills among the local population, all of which will be carried out in an environment that supports gender equality and focuses on generating job opportunities for youth. The total investment exceeds $1 million between USAID ($500,000), Agrisal Group ($125,000), the Rafael Meza Ayau Foundation ($125,000), FIDES (US$250,000) and an in-kind donation by FUNDEMAS ($100,000). The nine communities involved in the Alliance are: the October 12 community, San Diego, La Pedrera, Nueva Esperanza, Francisco Núñez Arrué Association, el Valle de Oro I y II, Rosa Linda and Las Lajas.
|Location||Latin America and Caribbean, El Salvador|
|Value||USD 1 Million|