LICU – SEP – Integrating entrepreneurs through inclusive financing
This programme was approved in December 2012; however it became official on March 8, 2013. It is a programme of social entrepreneurship and integration through financing and training that was contracted between the Inter-American Development Bank (IADB) and LICU.
The objective of the programme is to increase access to financial services to micro-entrepreneurs in rural areas who are interested in diversifying their economic activities. It is comprised of two components: a Technical Assistance component designed to strengthen LICU to promote social entrepreneurship among members/owners; train LICU staff; and, provide training for our local entrepreneurs; and, a Loan component to finance non-traditional economic activities among our micro and small entrepreneurs. This programme served as the launch pad for LICU to be able to take its services and benefits to the City of Belmopan and its surrounding communities.
As at March 31, 2014 this programme had enabled the approval of $712,987.30 in loan funds to 330 micro and small entrepreneurs; the hiring of two new Micro Finance field Officers; financed a Market Expansion survey and will in the very short future finance training for LICU staff, a baseline survey, and a marketing strategy to further promote the services and benefits of LICU among the rural communities.