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IDB donates 1.2 mln USD to help poor families in Chile

06-08-2011 09:42 BJT

SANTIAGO, June 7 (Xinhua) -- The Inter-American Development Bank (IDB) said Tuesday it had approved a grant of 1.2 million U.S. dollars to help low-income families in Chile.

The program tries to establish a social innovation model for low-income populations and solve the social problems that hinder them in educational, social and economic development.

The program will integrate low-income families, university students, private enterprises and government in a model of mutual cooperation to promote the innovation. It will also enable enterprises to produce and sell value added goods through increased access to markets.

"This is a different proposal for the type of goods and services to lift poverty and create an integrated innovation between three players that usually operate independently: the company, the university and the people of low incomes," IDB officer Francisco Rojo said.

The program will be administered by the IDB offices in Santiago with Chile's Center for Social Innovation from the non-profit foundation A Roof For My Country.

A Roof For My Country, a non-governmental organization with 19 Latin American countries, aims to recruit students to participate in projects for low-income families in house construction and social habilitation.

Editor:Yang Jie |Source: Xinhua

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