Description of Social Entrepreneurship
It is a program of entrepreneurship, financial education and business training for indigenous communities, which at this initial stage seeks the economic reconstruction of the indigenous community of San Antonio Mocoa, a community without territory, from the department of Cauca, who have lived double tragedy : the displacement of the armed conflict and victims in the last avalanche of March 31, 2017 in Mocoa, Putumayo.
Indigenous Banking are self-help groups in which each member of the indigenous community called shareholder deposits a monthly value in a savings bank, guarded by the same community. With the money saved, from the third month, you can request loans with specific destination for seed capital of your ventures, pay an interest rate set by the community itself and, additionally, the group constitutes a social fund where there is a minimum quota . For various breaches of the regulations created by the group, fines are charged to generate resources that are injected into the social fund.
At the end of the first cycle, which is nine months, the groups are liquidated, returning the shares and profits that rest in the social fund, which are distributed equitably and starts a new cycle, generating in the register a score and quota of credit, so that once the community savings cycle is over, community leaders through their associations can access microcredits from $ 100,000 to $ 800,000 pesos, processed and managed online, through the website www. bancaindigena.com.
What led you to create your Social Entrepreneurship?
The needs of the population we work with, according to the study carried out by the foundation, the beneficiaries of the project mostly come from rural areas, their income on average is around 1 to 3 dollars per day, 81% of these people It has not had access to the financial system, 65% are women, 45% of the communities are indigenous and almost 100% are victims of the armed conflict.
Therefore, Indigenous Banking, with all its educational and social intervention components in its differential and social and financial inclusion approach, becomes a promising social entrepreneurship initiative, which will undoubtedly affect the development and development in the medium and long term. social transformation, not only of the communities of Putumayo but of other communities of other municipalities and regions of the Country.
How does your Social Entrepreneurship impact your community?
Indigenous Banking with all its educational and social intervention components in its differential approach, of social and financial inclusion, become a promising social entrepreneurship initiative, which will undoubtedly affect the development and social transformation in the medium and long term, not only from the communities of Putumayo but from other communities in other municipalities and regions of the Country.
What do you dream of happening with your Social Entrepreneurship?
At present there is no such program for indigenous communities in the country, so our future challenge will be to link thousands of indigenous people to indigenous banking. Of the more than one and a half million indigenous people in the country, approximately 63% live in poverty, which today expect innovative solutions to overcome poverty and progress. “Indigenous Banking” in the future may be an interesting proposal to help these communities to remedy this help that for years the Colombian State itself has not been able to provide efficiently.