Livelihoods: Revolving Microcredit Fund

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Title/Description	Revolving Microcredit Fund
Country	Brazil »
Specific location (city, region, etc)	Provincias de Imbabura y Carchi
Actors/Partners	Fondo de Desarrollo Micro Empresarial
Funding	UNHCR »
Objectif(s)	Improve the quality of life of the refugee and Ecuadorian populations through access to micro credit as a tool to promote productive microenterprises.
Results/Impact	The project benefited 1,010 people, of which 55% of the beneficiaries are women. UNHCR gave an initial revolving fund of $40,000 and so far it has already rotated 7.1 times and has granted a total of $355,330 in credit to refugees in an urban context.
Why is this considered a Good practice?	Microcredit is the main tool of integration as it allows the beneficiary population to implement their productive ideas to generate their own income while contributing to the local economy.
Pertinent MPA/BPA Component	Resettlement »
Theme (s)	Microfinance » Income Generation »
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