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Mainstreaming diaspora for development with capacity building and expert deployment

Expert log-in

CAIXA

Brazil

Latin America

This government-run bank acts as the main agent of Brazil’s social policies. It offers support to migrants and their relatives with financial services tailored to their needs. Its mission is to provide training to migrants to help them become future business leaders. The Brazilian Support Service for Micro and Small Businesses (CAIXA’s partner) is also taking steps to ensure that remittance recipients in Brazil receive training to start and strengthen businesses. The program has established a partnership with a US bank, conducted needs assessments for migrants and their families living in Massachusetts, and developed six remittance-linked financial products tailored to the target population.