TechnoServe

TechnoServe was gifted $30,000 in renewed funding for its cocoa production program in San Martin, Peru.  Previous funding from the foundation had gone to establishment of the program, which introduced cocoa farming to the region as a substitute for growing coca, from which cocaine is produced.  Not only did this provide a more stable livelihood for the farmers of the region, it allowed the Peruvian government to reward them with better provision of infrastructure and services, enhancing the quality of life for these farmers and their families.  The program reached a critical phase in 2013:  in order to ensure long-term sustainability and impact, previous lessons learned must be consolidated and transferred to local organizations for replication in other parts of the country.  However, funding from USAID was due to expire in October, and could not be renewed until March of 2014.  Monies granted allowed the organization to fill in the financial gap financially a new tranche of US government funding becomes available.

TechnoServe works in more than 25 countries throughout Latin America, Africa and India to provide business solutions through poverty by linking people to information, capital and markets.  Through its work, enterprising people in developing countries are able to build competitive farms, businesses and industries.

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