Progress reporting event for the covid19 response programme for social economy organizations in developing countries (14th April)
The SVS Foundation in collaboration with the KOICA (Korea International Cooperation Agency), Merry Year Foundation and other partner social economy organizations in Korea, reported the successful outcomes of its international covid19 response project for social economy organizations based in developing countries. Through the project, approx. 700,000USD emergency grants were provided to 38 social economy organizations in 21 countries to maintain their employment and production level. The funding was successful in that recipient social economy organizations recovered its pre-covid 19 level by 106.3%, 71.5% (employment and production respectively).
The event was live-streamed via the KOICA YouTube channel (in Korean)
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Reducing the damage and supporting the recovery of domestic and foreign SEEs
KOICA’s Covid-19 Support Project for SEOs in Developing Countries
The ‘Covid-19 Support Project for SEOs in Developing Countries’ (Operated by Merry Year Foundation) aimed to reduce the damage and restore the productivity of domestic and foreign SEEs that pursue social values, such as creating jobs for vulnerable groups, improving social services in communities, and pursuing co-prosperity with the local community through participation, cooperation and solidarity. It has selected a total of 38 organizations around the world and provided USD 15,000 per organization towards payroll costs, rent, development costs for commercialization, etc. Of these, 12 organizations were awarded an additional USD 12,000 in grants.
SVS has signed a MOU with KOICA (April 2020) to provide support in overcoming the unprecedented crisis caused by the Covid-19 pandemic through international solidarity and cooperation with the goal of realizing global social values.