CMAC Trujillo´s initiative to include local skilled women entrepreneurs in global value chains
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BRUSSELS, 27 April 2018 – The "Manos Tejedoras" initiative is the main social responsibility project done by Caja Trujillo, a FEPCMAC programme designed to strengthen the technical skills of poor mothers with low economic resources, according to a case study featured in the WSBI booklet called in English Banking.Serving.Thriving.and Bancarizando. Sirviendo. Prosperando. in Spanish.
The brochure case study outlines how initiative participants, mostly heads of household, benefit from a series of training in weaving techniques, which allows them to reinforce their skills and thus create garments and decorations that are then exported to the United States, where have an ready-made market. This project benefits an average of 1,000 people from Alto Trujillo, El Porvenir-Trujillo, in Peru, and directly to 200 women who have participated since last year.
The programme is part of Peruvian federation of savings and credit banks FEPCMAC’s efforts to position itself as a strategic representative of the Cajas Municipales de Agorro y Crédito (CMACs) to the main national cooperation entities and international organizations, as well as supervisory and regulatory bodies and the various stakeholders participating in the different lines of action of the governments "National Strategy of Financial Inclusion" being developed in the South American country.
They hope by 2017 to continue promoting the process of decentralization and financial deepening on different fronts, such as water and sanitation, social housing and the creation of green financial products for mitigation and adaptation to climate change. This is done through a management model that identifies the best practices in the microfinance sector in other countries and through access to studies through the use of appropriate technologies.
A non-governmental legal entity of public law, FEPCMAC is in charge of coordinating the activities of its members at national level as well as representing the municipal savings and credit system of the country nationally and internationally. It represents eleven municipal savings and credit banks operating in the national territory and whose objective is to achieve financial inclusion by both savings and credit.
The Peru success story is featured in a new brochure published by WSBI that provides an overview of the social value of savings and retail banksin the Latin American and Caribbean region. Titled "BANCARIZANDO. SIRVIENDO. PROSPERANDO" it showcases the impact made by savings and retail banks in the region to boost the real economy while giving back to the communities they serve. It also gives policymakers and stakeholders a glimpse of how savings and retail banking play a special role. En español | In English
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