Investment of Remittances

closed

The general objective of this project is to promote productive activities of mostly agribusiness-related economic groups established primarily by female workforce in the migration-affected rural areas of Mexico, by addressing the lack of business skills, market and information access, and critical seed capital financing. In particular, the project, lead by the Fundación de Productividad en el Campo (FDPC), will focus on selected rural communities in the states of Guerrero, Oaxaca, and Michoacán where such social disintegration phenomenon caused by migration is most noticeable.The Project will leverage migrants' remittances for productive investments, integrating them into the economic development of their hometowns, creating jobs so as to stabilize the community in the long term. This will be achieved by organizing the remittances of migrants into an effective and accessible source of seed capital for agricultural producers.The Project will enhance the business skills required for producing and marketing agricultural products from rural areas especially to the US market, leveraging the readily accessible market information and marketing know-how of migrants in the US. The resources raised and invested by those migrants will stimulate business and employment growth in the difficult regions.