Building an Inclusive Economic Model from Utz’ Kaslemal

Traditional financial tools are often unavailable to Guatemalan women, indigenous people and rural area residents, forcing them to rely on remittances.

The USAID-funded Central America Regional Initiative is supporting Quiché, Guatemala to study remittances, financial inclusion and levels of economic development of women and young people who are family members of migrants.

The Cooperativa Integral de Ahorro y Crédito El Migrante (COMIGUA) will use the study results to develop financial products and services under a Sustainable Territorial Economic Development Model using remittances as a base and promoting the financial integration of family members in the diaspora. This support will enable formal opportunities for remittance recipients to gain access to capital and will promote the financial inclusion of women and youth.

The opinions expressed in this video are of the interviewees and may not necessarily reflect the position of the U.S. Agency for International Development. Produced by Creative Associates International for USAID.