In November 2012 the Joint Programme "Youth, Employment and Migration" of the Spain – UNDP Fund for the Achievement of the Millennium Development Goals and Programme for the Articulation of Territorial Networks (ART) of the United Nations Development Programme (UNDP), published a study of the National Programme of Popular Finances, Enterprise and Economic Solidarity (now National Corporation of Popular and Solidary Finances), as part of a strategy to strengthen popular finance organizations in the Provinces of Azuay, Loja and El Oro where the Joint Programme has operated, to provide sources of funding for entrepreneurs and microentrepreneurs of the popular economy affected by migration.
The book (available in Spanish) discusses one of the concrete results of the Joint Programme "Youth, Employment and Migration", starting with an overview of the national and international context in which the concepts of popular and solidary economy and finances are to be found. It then moves on to offering a review of the proposal of the National Programme of Popular Finance, Entrepreneurship and Economic Solidarity, its conceptual elements, methodologies, evaluation mechanisms, specific business tools and main results.
The third part talks about the analysis that promoted greater capacity for the National Programme of Popular Finance, Entrepreneurship and Economic Solidarity, in order to provide services to the organizations of the popular and solidary finance sector, leading to its transformation into National Corporation of Popular and Solidary Finances.
It is important to note that the functioning of popular and solidary finance organizations is based on democratic principles of solidarity and mutual aid, honesty, transparency and sustainability, the existence of social control, which promotes honest administration and reduces defaulting. The mission, vision and planning of popular and solidary finances, as well as its performance evaluation, take into account the realm of financial management, the social impact it has and its contribution to local development.
Within the framework of the Joint Programme "Youth, Employment and Migration", in addition to supporting the transformation of the National Programme of Popular Finance, Entrepreneurship and Economic Solidarity into National Corporation of Popular and Solidary Finances, the following achievements were reached: 1134 youth enterprises were created (570 of them led by women), financial and non-financial assistance was provided to 1479 businesses in hands of youth (of these, 1,142 young women), 18 local financial institutions and of 3 Local Economic Development Agencies were strengthened as to provide services to local youth; and a system was set in place to support entrepreneurship and local economic development. The Joint Programme came to a close on February 28, 2013, after having run 3 years and 8 months.