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Boost microbusinesses in Puerto Rico

by CMV Casa sin Fronteras, Inc.
Boost microbusinesses in Puerto Rico
Boost microbusinesses in Puerto Rico
Boost microbusinesses in Puerto Rico
Boost microbusinesses in Puerto Rico
Boost microbusinesses in Puerto Rico
Boost microbusinesses in Puerto Rico
Boost microbusinesses in Puerto Rico
Boost microbusinesses in Puerto Rico

Summary

Semillas Incubator changes the lives of people helping them develop entrepreneurial skills to start microbusinesses based on solidarity and social responsibility. Because of current challenges, and to facilitate our services in social distance times, we will start a Virtual Business Training Cycle with 19 workshops on business topics and over 80 hours of one-on-one business consulting to 35 participants. They will increase and strengthen their business knowledge and skills to be successful.

$60,000
total goal
$56,725
remaining
53
donors
0
monthly donors
1
fundraiser
1
year

Challenge

Data from the Department of Labor in Puerto Rico states the unemployment rate in 7.3% in July 2020, as a result of the COVID-19 pandemic. In the Arecibo North area where Casa sin Fronteras is located the unemployment rate for June 2020 is 8.8%. Many people decide to start a business looking for options to improve their situation. Without the proper knowledge of business management, they can become failed ventures. Microbusiness owners need training and support to have successful enterprises.

Solution

Semillas Incubator will start a new virtual business training cycle for up to 35 people with a business idea, and for those who already started a microbusiness but need to sharpen their knowledge and skills to make their enterprises successful. This cycle includes 19 workshops on business topics and over 80 hours of one-on-one business consulting to participants. These will increase and strengthen their knowledge and skills on how to start up and keep a microbusiness.

Long-Term Impact

For 6 years Semillas Incubator have successfully trained and coached budding entrepreneurs. Now this first virtual cycle can increase the number of participants and their location, they can connect from other parts of the island. Each one will finish in a different stage of the process: business plan ready, permits approved, or running their businesses. We help them improve and keep their businesses afloat, contributing to the overall wellbeing of the community, and the formal economy.

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

Organization Information

CMV Casa sin Fronteras, Inc.

Location: Sabana Hoyos - Puerto Rico
Website:
Facebook: Facebook Page
Project Leader:
Jeannette Ruiz
Sabana Hoyos, Puerto Rico
$3,275 raised of $60,000 goal
 
67 donations
$56,725 to go
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