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The goal of the Activos y Conexiones (Assets and Connections) project was to contribute to economic development in rural areas with high rates of migration by promoting improved management of the remittances received by families, as well as the investment of these resources into entrepreneurial activities that can help to reduce dependency on the remittances.


Countries of implementation: Bolivia, Colombia, Peru


Key dates:
Start date: December 16, 2010
May 2011: Start of financial education training and opening of accounts in Bolivia
September 2011: First business plan competition in Bolivia
January 2012: Business plan competition in Colombia
January 2012: Partnership with the City of La Paz to scale up the project
January 2012: Partnership with municipalities in northern Peru and scaling-up of the project
March-May 2012: First business plan competitions in Peru
November 2012: Workshop with key players to systematize and draw lessons from the project intervention process
December 2012: Creation of the project tool box and closing of the project


  • Encourage financial inclusion and education among women who receive remittances
  • Promote the development and strengthening of formal businesses
  • Reduce the dependency of families on remittances in areas with high rates of migration



Assets and Connections used a comprehensive intervention strategy based on financial education as an instrument to encourage saving and promote financial inclusion through savings accounts. It then went on to promote the use of these resources in the starting or strengthening of a business, either family-run or associative, which would allow for greater income generation and reduced dependency on remittances. Advice, technical assistance and matching resources were offered to aid in the advancement of entrepreneurship. A study carried out within the framework of the project highlighted the importance of combining financial education with support for business development, since having a business requires that people to put into practice the knowledge acquired through financial education. The idea of being able to have their own business was also a factor that encouraged many women to save.


912 women received financial training in the three countries.
836 of them opened and used savings accounts.
On average, 33% of participants saved each month and the same proportion obtained microinsurance.
In addition, Assets and Connections contributed to the development of 69 business ventures, of which 32 were new, 16 already existed formally and 21 existed informally. The businesses were legally constituted during the course of the project.


Key Partners:
Peru: Northern Sierra Highlands Project (IFAD), the municipalities of Laredo and La Esperanza, Caja Rural Nuestra Gente, REMURPE
Colombia: Prospectiva Colombia, Davivienda Bank-Daviplata, Rural Opportunities Project (IFAD)
Bolivia: PROSAT, the Regional District of Hampaturi-La Paz, Provincial Headquarters of the Bartolina Sisa de Mizque Women, PRODEM


Phase: Completed