Finansiell Inkludering och garanti Financial Inclusion and technical assistance guarantee - Financial Inclusion and TA guarantee Projektet riktar sig mot den höga informaliteten i den ekonomiska sektorn i Bolivia, den låga nivån av finansiell integration och de svårigheter som mikroföretag och små företag står inför för att få tillgång till finansiering för sin verksamhet. Insatsen syftar parallellt till att bidra till hållbar affärsverksamhet och miljömedvetenhet bland entreprenörer.
Projektet ämnar också ha en positiv inverkan på de allvarliga ekonomiska konsekvenserna och svårigheterna för utsatta grupper och entreprenörer i efterdyningarna av COVID 19.
Ekonomisk inkludering är ett medel för att uppnå större jämställdhet när det gäller möjligheter och resurser, skapa ekonomiska möjligheter för utsatta grupper och bidra till en hållbar ekonomisk utveckling i Bolivia.
Genomförandepartnern föreslås vara PROFIN, en ideell boliviansk organisation, specialiserad på produktiv och ekonomisk utveckling.
Programmet är kopplat till planen för att inrätta en garantifond i Bolivia med FOGAL som avtalspartner.
För att stödja upprättandet och genomförandet av garantin kommer programmet PROFIN att ge tekniskt stöd. Detta stöd kommer att bestå av olika komponenter inom ramen för det föreslagna projektet såsom;
- Finansiell utbildning. PROFIN har lång erfarenhet och kunskap om den finansiella sektorn och målgrupperna för garantin och kommer att arbeta parallellt med att tillhandahålla finansiell utbildning både till familjeproduktionsenheter (UPF) och till finansinstitut angående risker och målgrupper. Detta förväntas leda till ökad tillgång till finansiella tjänster och ökad räckvidd och inkludering av nya målgrupper för de finansiella instituten. 
-Identifiera och utveckla en finansiell mekanism/uppföljningssystem för att bidra till genomförandet av Agenda 2030
-Studie av det rättsliga systemet i Bolivia för inrättande av FOGAL-landskontor, förespråkande och studier för att ge råd och påverka lagar och normer som begränsar de nuvarande finansiella systemen. 
-PROFIN kommer att ge stöd till FOGAL i etablerandet av partnerskapskontrakt med lokala finansinstitut.
-Övervakning och uppföljning av lån
PROFIN kommer att implementera ett uppföljningssystem som rör målen för hållbar utveckling och kommer också att utforska nya finansieringsverktyg och metoder.
Projektet kommer att löpa över fem år med en total budget på 9 012 598SEK. Sidas bidrag föreslås i första hand finansiera de första tre åren av projektet med en budget på 5 991 917 SEK. Projektet kommer att börja med en startfas för att anpassa och justera förslaget till en baslinje och till den ekonomiska och politiska situationen. The contribution is targeting the high informality of the economic sector in Bolivia, the low level of financial inclusion and the difficulties micro and small enterprises faces to access finance for their business. The intervention is in parallel aiming to contribute to sustainable businesses and environmental consciousness among entrepreneurs.
The intervention is also responding to the severe economic consequences and difficulties vulnerable groups and entrepreneurs phases in the aftermaths of COVID 19.
The Embassy assess that financial inclusion is a mean to achieve a greater equality in terms of opportunities and resources, creating financial opportunities for vulnerable groups and contribute to a sustainable economic development in Bolivia.
The implementing partner is proposed to be PROFIN, a non profit Bolivian organisation specialized in productive and financial development. 
The project is connected to the plan of setting up a guarantee fund in Bolivia with FOGAL as the contractual partner. 
To support the set up and the implementation of the guarantee PROFIN will be providing Technical Assistance through this proposed project. This assistance will consist of different components such as;
- Financial education. PROFIN has long experience and knowledge of the financial sector and the target groups of the guarantee and will work in parallel to provide financial education both to Family Production Units (UPFs) and to financial institutions regarding risks and target groups.  This is expected to result in a greater access and a greater use of financing from financial entities,
-Identify and develop financial mechanism/reporting system to contribute to the fulfillment of Agenda 2030
-study of the legal system in Bolivia for the set up of FOGAL country office, advocacy and studies to provide advice and influence the laws and norms limiting the current financial systems.  
-PROFIN will accompany FOGAL in seeking partnerships-contracts with local financial institutions. 
-Monitoring and follow up of loans
PROFIN will implement a monitoring system relating to the Sustainable development goals and will also be exploring new financing tools and methods. 
The project is proposed to run over five years with a budget of approximately 10 MSEK. Sida is proposed to initially fund the first three years with a total budget of 5 991 917 SEK. The project will start with an inception phase in order to adjust and adapt the proposal to a baseline and to the changes economic and political situation. Objectives
The overall of objective of the contribution is increased financial inclusion especially for currently excluded groups (MIPYMES with a special focus on women and young) through the introduction and use of a guarantee fund in the sectors of commerce, production and services. 
The contribution is expected to have the indirect impact to increase the formal economy and  financial inclusion contributing to economic development, promote green investments and environmentally sustainable businesses. 
In parallel the contribution will contribute to the development of new norms in public policy  and national financial system that will allow for a more inclusive system with alternative mechanisms developed through the programme.  
Theory of Change
Setting up a guarantee fund, and sharing the risk of lending will increase the lending to other social lenders. With an increased capital and guarantee in the back (with set criteria to incentive that target groups are reached) the social lenders will expand their target group, reach more people and new groups such as more micro and small businesses including women and young as well as increase their knowledge of and hopefully aptitude to lend to these groups in the future. Through the guarantee and TA, PROFIN will promote the innovation of financial products adapted for the target groups and by increasing the access to finance micro and small companies will have a higher probability of surviving and prospering in their business, avoiding to have to go through informal channels with unfavourable conditions. In the long term it is expected that the intervention will increase the formality of the economy and decrease the vulnerability of the micro and small enterprises and with a long term impact of more formal jobs and reduced poverty. To ensure that the goal of increased access reaches the identified target groups and that the micro and small enterprises can make the most of it by having solid business plans and payment plans, a strong component of  technical assistance and monitoring must accompany the guarantee. PROFIN, already a partner of the Embassy in the Inclusive markets program, will be responsible and agreement partner to the Embassy in this component. This will include a package of financial education at the loan taker level but also articulation between actors to build knowledge and trust at EIF and institutional level towards the target groups as well as advocacy for inclusive financial legal frameworks at national level.
By conditioning the loans to certain environmental and gender standards it is also expected that the intervention will promote a more environmentally sustainable and less discriminatory business climate. 
PROFIN is well placed to undertake this responsibility with a strong presence in rural areas, trust (at different levels), experience and innovation.