REGIONAL PROGRAM FOR MICROENTERPRISE DEVELOPMENT
In keeping with our commitment to promote economic development in the southern region, DISUR joined in collaboration with the University of Turabo in Ponce and the Corporation for Microfinance, Puerto Rico, in an initiative that will encourage growth and development of microenterprises established in the municipalities in the south of Puerto Rico. Changes in the economy have caused people to reinvent themselves as they look for ways to get ahead. Sometimes, people become micro entrepreneurs creating products or services for the sale. These micro businesses are key economic drivers of Puerto Rico, but many begin operations and don't thrive, due to difficulties in obtaining funds or credit to invest and maximize the potential of their businesses. Microfinance has become an effective instrument to provide a development opportunity for these people. Microfinance Puerto Rico, is a financial institution created by the BBVA Foundation, which provides financing to entrepreneurs to help them achieve the economic strength necessary for productive activities to flourish. This not only results in economic development, but a better quality of life for their families and the community. DISUR will be the link between municipalities and other partners to conduct seminars and workshops related to work and business to benefit entrepreneurs in the communities. In these seminars, attendees will learn about the services Microfinance Puerto Rico offers. Staff from the financial institution will be stationed at the University of Turabo in Ponce, where they will conduct interviews, orient micro businesses about the services offered, and sign documents.