RIO DE JANEIRO –
To date, 500 Coletivo programs have impacted more than 70,000 people in 150 Brazilian communities. This expansion will build on Coletivo’s strong presence in Brazil and implement pilot projects in three Latin American countries, to be identified at a later date.
The first phase of the partnership, which will kick off in January 2014 and extend through 2017, is expected to benefit 30,000 people in Brazil.
“As we expand Coletivo’s reach and scale, it’s inspiring to
know we will help thousands of people to transform their own lives through our
core business,” says Xiemar Zarazúa, president of
A team from the Multilateral Investment Fund (MIF), a member
of the IDB Group, and the
The partnership will focus on three programs: Coletivo Retail, which reaches young people in urban, low-income communities who are seeking formal employment; Coletivo Recycling, which helps to professionalize recycling cooperatives and generate increased income for waste collectors and formalize the recycling value chain; and Coletivo Entrepreneurship, which provides practical training to launch and build new businesses, with a focus on women.
The expansion of the Coletivo platform is a decisive step
Nancy Lee, MIF´s general manager, adds, “Coletivo is a shared value business model that uses part of the value generated to benefit poor communities, particularly youth and women. We believe this model can be a powerful and growing force for empowering excluded populations. The MIF will deploy its experience around the region to help scale this model and make it more sustainable.”