Events / News

Published on 17/12/2020

Communities Leading Development (CLD) Project provides business development training for micro, small and medium enterprises (MSMEs)

Category: News,

Catholic Relief Services (CRS), through its CLD project kicked off a six-month training process with a workshop on investment and business acceleration and professionalization. The training is aimed for agricultural entrepreneurs and producer organizations in CLD´s coverage area.

Eight cooperative model or similar organizations including Alianza S.A., COOPESQUI, Rio Azul and FENAPAPA received training on the adequate preparation process to receive investment, and generalities about the business acceleration and professionalization process.

The workshop was managed by CRS-CLD and facilitated by Pomona Impact a company focused on strengthening growing companies that are making a positive impact at a social or environmental area and that need capital to multiply their impact.

“After this initial workshop, organizations will be able to identify what they need to strengthen to be better prepared to receive investments”, said Dan McQuillan, CRS´s closing the opportunity gap director.

CLD seeks for investments to not only be a growing opportunity but also generates impact on producers and suppliers in a value chain. CLD is working with organizations providing technical, organizational and commercial support to grow their social impact and grow as a company.

CLD served organizations are social entrepreneurs, they are the engines for innovation, working with these talented leaders provides tremendous motivation to find ways to bring about positive change.

“The workshop teaches us to develop a business and financial model in a simple way. We can then present these models to potential investors. We´ve approached investors in the past but we found that they require more information, so this training is key for small entrepreneurs and producers like us”, said Eber Ajtun from Alianza S.A.

Through this training CLD emphasizes that the first thing that a company needs before money is a clear strategy so that when the money arrives, it simply serves as a tool. The organization who receives investment is much more important for an efficient and impactful execution of the investment.

 After the full training process participating organizations will be ready to review their operations, knock on doors and present the required strategic, organizational, operational, financial and marketing information and achieve their goals.  Access to investment opportunities increases the stability of organizations and communities, decreasing their need to migrate in search for a better life.