Technical training for sustainability of enterprises

Project Title	Strengthening of training for the sustainability of Entrepreneurship – Cusco region – Peru
Objective of the project	Get the target group to formalize their enterprise and be subject to financial market credit to guarantee the sustainability of their business.
Target population	100 women and men between the ages of 18 and 45 in a vulnerable situation, living in peri-urban and rural areas of Cusco, where unemployment proliferates.
Execution Period	01 April 2021 – 01 April 2022
Intervention area	Cuzco Region - Peru

Project description

CEDNA has been executing the recent training projects during the 2020 and 2021 pandemic, and they have achieved the stated objectives; but the pandemic has shown that it is necessary to incorporate aspects to strengthen those trained for the sustainability of their business.

Given the conditions created by the pandemic, it is necessary to address the reduction of informality through training, which has also been one of the main causes of contagion during the pandemic.

The project aims to specify training in sustainable entrepreneurial actions, based on strengthening their business culture and achieving the formalization of their businesses or entrepreneurial initiatives, accompanied by financial support for the microenterprise subject of the training. This through the commitment of SUNAT (national superintendence of tax administration) and the Local Financial System concerning the corresponding credit; from the beginning of the training to the start-up of the micro-enterprise.

Goal project	Project result
Result 1. The beneficiaries are clear about their objectives and their attitudes to carry out entrepreneurial activities based on the business culture. 100 participants are trained	120 participants are trained
Result 2. 70% of the target group has formalized their business with the Sunat (national superintendence of tax administration) and they carry out economic activities in a sustained manner, after the training. 70 participants have formalized their businesses	53 participants have formalized their businesses
Result 3. 70% of the target group are subjects of credit from the local financial system (banks, municipal savings banks, cooperatives and others). Assuming the beneficiaries the need for credit for the sustainability of their enterprise. 70 participants have accessed a financial loan	45 participants have accessed a financial loan

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