Through this objective, the Economic Inclusion Project is supporting both aspiring and experienced entrepreneurs with advisory services to establish a business in the host country, technical support with business planning and execution, and linkages to new markets. By the end of the project's phase two, we expect that at least 17,000 individuals will be supported with entrepreneurship or employment training through the following approach:

Figure 1: WOCCU's Entrepreneurship Methodology

Results To Date*

• 9,165 individuals reached through entrepreneurship training programs
  • 38% Venezuelans in Peru
  • 28% Venezuelans in Ecuador
• 1,358 business plans selected for seed capital
  • 76% Venezuelans
    
• 8,730 individuals reached through webinars on registration, formalization, and best practices

Through this objective, the Economic Inclusion Project is working with private sector employers to expand their recruitment efforts to include highly qualified Venezuelan migrants as well as Peruvians and Ecuadorians seeking new or better employment. The Project will also work to train project participants to provide them with the tools they need to meet the demand of the Peruvian and Ecuadorian job markets. By May 2026, through the following approach, we expect that 6,750 individuals will access new or better employment opportunities leading to more stable incomes.

Figure 2: WOCCU's Employability Methodology

Results to Date*

• 5,420 individuals reached through employment training programs
  
  • 70% Venezuelans in Peru
  • 9% Venezuelans in Ecuador
    
• 2,986 individuals supported through the certificate or degree revalidation process
  
  • Primary sectors are humanities and education (34.8%), health (23.6%), and administrative (23.1%)
• 558 businesses and 12,104 individuals reached through employment events including job fairs and employment clubs.
  

_{*Data as of March 31, 2024}

Through this objective, the Economic Inclusion Project will work to support credit unions and other financial institutions to develop new or adapt existing products and services that meet the needs of Venezuelan migrants and local nationals.

Designed to be responsive to the findings of the financial inclusion study, EIP’s financial inclusion methodology is founded on the premise of enabling access and use of financial products and services, particularly those that respond to EIP’s target population needs. To implement this methodology, EIP works closely with a strong network of financial institutions, working side-by-side with each institution to reduce barriers to access and inclusion, develop new and responsive tools, improve processes, revise policies and procedures, implement new or adapted methodologies, and strengthen staff skills and knowledge. Through EIP’s financial education training, EIP participants learn the fundamentals of personal and business financial management before being connected to the financial services sector. This approach ensures that when participants and institutions are linked, both are well prepared and educated on the other’s needs and requirements. Through the following approach, we expect that over 140,000 individuals will have access to financial services by the end of the project's phase two.

Figure 3: WOCCU's Financial Inclusion Methodology

Results to Date*

• 153,177 individuals connected with financial services
  
• 13,172 loans issued, amounting to $16,054,826.
  
• 21,058 individuals trained in financial education, 66% of whom are women and 60% are Venezuelans
  

_{*Data as of  March 31, 2024}

EIP’s GBV interventions prioritize supporting survivors of gender-based violence to achieve economic autonomy. EIP’s approach focuses on a core principle – that with psychological/social support and access to income/financial autonomy, people who experienced GBV will transition to survivors with access to sustainable and quality livelihoods, income, and financial independence, contributing to their ability to leave the circle of violence.

EIP has established partnerships with institutions and organizations providing continual psychosocial support for GBV survivors and with partners implementing entrepreneurship and employment trainings that emphasize empowering survivors to develop personal action plans that identify their strengths, professional and personal interests, and opportunities as well as practical steps to reach their goals. Additionally, EIP's approach includes personal financial education at its core so that individuals are empowered to take meaningful steps to exit the cycle of violence and reach economic autonomy as survivors.

Figure 4: WOCCU's GBV Response and Prevention Methodology

Results to Date*

• 757 survivors of gender-based violence supported
  
• 356 staff from 17 partners trained on GBV prevention
  
• 122 survivors of GBV received seed capital to begin their business.
  

_{*Data as of March 31, 2024}

Results from January to March 2024: 

• 75% of participants in EIP employment and entrepreneurship activities in the quarter are women
• 55% of participants in EIP Financial Inclusion activities in the quarter are women

Results to Date*

• 25% of EIP’s entrepreneurship program participants, 17% of EIP’s employment beneficiaries, and 27% of individuals financially included in Peru are youth between 18 and 29 years old.
• 23% of EIP’s entrepreneurship program participants, 41% of EIP’s employment beneficiaries, and 33% of individuals financially included in Ecuador are youth between 18 and 29 years old.
  

_{*Data as of March 31, 2024}