The FYB Programme aims to raise awareness among entrepreneurs about the importance of formalizing their business (or starting a formal business), to learn about the processes of registering their business under national regulations and how to meet the challenges of formalization for a business.
“To adapt the Formalize Your Business training to the national context, we brought together the main public agencies involved in the business formalization process. This puts them on the map and facilitates inter-agency collaboration. Our partner organizations have identified FYB as an essential part of their training portfolioJudith Van Doorn, Specialist in Enterprise Formalization – ILO
The adaptation of the Formaliza Tu Negocio programme to the local context includes adjusting the teaching materials to reflect the diverse realities of the informal economy in the country and the difficulties that require looking at informality from a multidimensional perspective; it also addresses the challenges as well as the opportunities for transitioning to formality.
“We are convinced that the Formaliza Tu Negocio proposal offers an opportunity to continue scaling up the interventions of the SCORE project in its fourth and final phase in Bolivia, in addition to representing an innovative, relevant and context-based training offer in the countryChandni Lanfranchi, Technical Officer for SME Development and Formalization – ILO Office for the Andean Countries
The FYB programme will be implemented in three stages:
- First stage: Validation of the FYB programme by the main counterparts in Bolivia
- Second stage: Training of Trainers (TOT) process for the implementation of the FYB programme in Bolivia
- Third stage: Implementation of the FYB programme for entrepreneurs
To generate continuity in ILO's interventions in Bolivia, special emphasis will be placed on reaching entrepreneurs who have participated in previous trainings such as IMPULSA, RE-Actívate, and Despega tu Negocio, among others.