| SOLYDES Foundation
August 2024The SOLYDES Foundation emerges as a catalyst for change and transformation. This nonprofit organization is dedicated to Bolivia's development by supporting emerging actors. Currently, its focus is on achieving the economic and social inclusion of vulnerable populations by assisting in the design and implementation of projects with the potential for significant impact. Established with the mission of fostering initiatives that create positive social change, SOLYDES is committed to building sustainable mechanisms for inclusion and development.
SOLYDES Foundation is distinguished by its dedication and perseverance in seeking effective solutions for Bolivia’s growth. Since its founding in 1986, it has been a trailblazer in creating sustainable systems with large-scale impact, promoting projects that transform the country’s economy and society.
The Foundation’s mission is built on the pillars of promoting equal opportunities for all, supporting small and micro-entrepreneurs, and protecting the environment through innovation. Its focus on creating sustainable systems has driven meaningful, long-lasting change in various communities, solidifying its role as a key player in Bolivia’s development.
SOLYDES Foundation was a pioneer in microfinance in Bolivia and Latin America, establishing Prodem Bank and BancoSol in the 1980s. This approach has facilitated productive entrepreneurship, providing financial inclusion through alternative markets. This work has been fundamental for people in vulnerable conditions, aiming to improve the quality of life for Bolivians.
The SOLYDES Foundation focuses on supporting small and medium enterprises by providing financial inclusion for entrepreneurs in Bolivia. Access to non-traditional financing is critical for economic development, enabling entrepreneurs to obtain the resources needed to launch and scale innovative projects. SOLYDES achieves this through its partnerships with IDEPRO IFD, Escalatec VC, and CAPCEM.
SOLYDES Foundation, together with ProMujer, created InnovaSalud to improve the quality of life for vulnerable communities in Bolivia. The initiative provides primary healthcare to underserved populations through prevention campaigns conducted in 30 clinics nationwide. This intervention includes expanding access to basic and specialized services as well as implementing preventive health and education programs.
SOLYDES is strongly committed to quality education in Bolivia and continuous learning opportunities. The Foundation aims to develop leaders and professionals, fostering human capital to help Bolivians thrive through their own efforts and skills. Projects such as Enseña por Bolivia and the Rural Academic Units aim to elevate educational quality and improve access, especially in rural and disadvantaged areas.
In the energy sector, SOLYDES Foundation promotes renewable and clean energy solutions through InnovaSol. This initiative not only reduces dependency on non-renewable energy sources but also contributes to environmental protection.
The Foundation invests in research to find new and effective solutions to the challenges faced by Bolivian society. This includes funding studies across various fields and supporting innovative proposals for sustainable development.
SOLYDES focuses on innovative technological ventures and strengthening their knowledge and skills in business management, technology, leadership, and impact. Through SOLYDES Accelerator and Escalatec—a funding vehicle for entrepreneurs—SOLYDES offers workshops, mentorship, personalized technical assistance, and financing to ensure that technological transformation has a positive impact in Bolivia.
The promotion and preservation of Bolivian culture is another cornerstone of SOLYDES. The Foundation supports cultural projects aimed at keeping traditions alive and fostering cultural development in Bolivian communities, a nation proud of its heritage.
SOLYDES Foundation is a social actor providing tools and resources to transform realities and work toward a better future for Bolivia and its people.
Every project undertaken by the Foundation becomes a powerful tool to improve quality of life, reduce inequality, and foster sustainable change.
To learn more about SOLYDES Foundation and its projects, visit our website or contact us via email at: info@solydes.org