Implemented with support from the U.S. Agency for International Development (USAID), “Opportunities for My Community” is a three-year project that brings together remittances, migrants, education and savings to promote economic and human development in Guatemala. Focusing on 11 municipalities and Guatemala City, the project consists of four Components:
Financial education for remittance recipients in order to improve their knowledge of savings and budgeting, and to promote formal savings;
Improvement of credit access for entrepreneurs, particularly those in the knowledge economy;
Diaspora outreach in order to mobilize their resources to fund education initiatives in Guatemala; and
Extracurricular programs for youth in areas of high emigration.
The ultimate objective is to have a critical mass of people formally saving, investing in education, and contributing to Guatemala’s human capital and economic development as it transitions to a more knowledge-based economy.
Oportunidades para mi Comunidad
Implementado con el apoyo de la Agencia de Estados Unidos para el Desarrollo Internacional (USAID), “Oportunidades para Mi Comunidad” es un proyecto de tres años que integra remesas, migrantes, educación y ahorro para promover el desarrollo económico y humano en Guatemala. Centrado en 11 municipios y la Ciudad de Guatemala, el proyecto consiste de cuatro Componentes:
Educación financiera para los receptores de remesas con el fin de mejorar su conocimiento sobre ahorros y presupuesto, y promover el ahorro formal;
Acceso a crédito para emprendedores, poniendo énfasis en aquellos en la economía de conocimiento;
Alianzas con la diáspora con el fin de canalizar sus recursos hacia iniciativas de educación en Guatemala;
Programas extra-curriculares en áreas de alta emigración.
El objetivo es tener una masa crítica de personas ahorrando, invirtiendo en educación y contribuyendo en la transición de Guatemala hacia una economía basada en el conocimiento.
Migrants have a strong potential to transform their families and societies; the challenge is harnessing this potential. The Opportunities for My Community project explores practical ways in which various actors, including diaspora groups and remittance companies, can work effectively to support education in Guatemala.
Financial education has proven to be an efficient tool for systematically and effectively building assets in a society (OECD, 2005). One of the components of the Opportunities for My Community project consists of providing financial education to over 120,000 people in Guatemala. Our financial education project consists of a successful and innovative…
Migration from Latin America and the Caribbean to the United States has grown steadily over the past forty years. In addition to leaving their countries amidst political and economic hardship, the vast majority of these migrants face additional challenges to their legal status. One way to look for solutions is to consider a comprehensive approach to migration through recruitment, retention, return, relief and reform.
In terms of human capital, Guatemala lags behind in an increasingly global economy. In its Human Capital Index, the World Economic Forum ranked Guatemala as number 94 out of 130 economies. Although a multifaceted concept, learning has a significant role in building human capital, as education –including enrollment, quality and attainment— impacts the future of the labor force. In this article, we review the educational landscape in Guatemala, including literacy, K-12 education, and workforce development.
Partners and Sponsors
DISCLAIMER: The project Opportunities for My Community is made possible by the generous support of the American People through the United States Agency for International Development (USAID.) The contents of this website are the sole responsibility of the Inter-American Dialogue and do not necessarily reflect the views of USAID or the United States Government.