Empowering Youth Entrepreneurs in Latin America

Latin America's youth unemployment rate is nearly 30 percent. Youth face unique challenges in obtaining formal employment or becoming successful entrepreneurs. Crece Tu Empresa, TechnoServe's program in partnership with Citi Foundation, is working to address the challenge of youth unemployment in Guatemala and El Salvador. The 1-year program is based on the work of Impulsa Tu Empresa and provides six training workshops for young entrepreneurs focused on business skills like sales and marketing and financial planning. The first cohort of nearly 90 entrepreneurs began the program in 2015. As of February 2016, 42 participants have been able to increase their business' sales by 21 percent in Guatemala and 127 percent in El Salvador and have created 21 new jobs.