Save the Children – Central Area Economic Opportunities Development Project
Central Area Economic Opportunities Development Project (CAEODP) has been funded by
MCI/USAID and total amount of fund is US$1,171,007 and duration of program is 29 months
– June 1,2000 to October 31, 2002.
This project directly contributes to the creation of jobs, and business opportunities
for the suffers of the Nagorno-Karabakh conflict currently living in Berde, Yevlakh,
Terter, Agjabedi, Agdam, Goronboy, Mingachevir and Ganja districts. The goal of
CAEODP is to improve income, jobs and employment for the internally displaced and war
affected micro-entrepreneurs, mainly women, by increasing their access to financial and
This goal will be achieved by:
- Providing financial services to 2,000 IDP and conflict affected micro-entrepreneurs
through solidarity group loans and individual loans.
- Transferring a highly innovative business training approach – Facts for Economic Life
– to a local NGO, Kosia-Smeda that will initially provide training to 2,500 existing and
potential micro-entrepreneurs in Central Area, and rest of the country later.
- Introducing the best practice micro-finance culture and practices at the level of most
disadvantaged entrepreneurs in Azerbaijan.
- Laying the foundation for a sustainable micro-finance institution that will provide long
term access to credit and other financial services for poor micro-entrepreneurs in
The CAEODP program will target IDP and conflict affected, primary women (60%)
micro-entrepreneurs engaged in production, trading and service activities. It will also
target potential entrepreneurs and community members, especially with Facts for Economic
Life (FFEL) program. A SC field study showed that the proposed clients have very limited
access to credit, and there are a number of business, illiteracy inherent in the local
business culture, which significantly obstruct their profitability and enterprise growth.
SC involved two partners NGOs in the implementation of FFEL program. Lassen Associates,
a US PVO will provide technical assistance to Kosia-Smeda, a local NGO who will
disseminate the services to clients. This program provides ten-step business training that
deals with common business illiteracy, including clarifying the role of business and
commerce in society and developing core business skills.
As a direct result of this project, income, employment and business practices of
clients will improve; entrepreneurs and community leaders in the Central Area will have a
better understanding of the role of business and the market economy in civil societies,
the capacity of Kosi-Smeda will be established to deliver FFEL – business services and
the foundation will be laid for the establishment of a local best practice micro-finance