Supporting Micro Businesses in Latin America
Supporting Micro-business in Latin America is critical to economic development. The single biggest source of jobs in Latin America and the Caribbean; some 50 million microenterprises provide employment to 120 million people, generating nearly two-thirds of the regions GDP. The Micronet program is the result of an alliance between the World Bank and Microsoft, providing technology support to entrepreneurs. A local coffee exporter saw its exports double with the help of skills learned from the Micronet Centre in Quenca, Ecuador.