Briefing Papers Number 18, June 2012 | Page 10

government and the Ministry of Agriculture. The project is managed by 15 women from Verapaz who maintain the chicken coop; gather, clean, and package the eggs; and sell them at a local market. Participants said the eggs generate about $44 a day, or $1,300 a month. They earned a small profit in 2011, but in order to make the project sustainable for all 15 participants it needs to expand. Given El Salvador’s average per-capita monthly income of $282 in 2010,52 the proposal for the second phase states that in order to provide an alternative to unauthorized immigration, the project needs to enable each participant to earn at least $300 monthly. This is not the only project of its kind in El Salvador. Diaspora groups and individuals have invested in a few other projects aimed at producing jobs and income. But the Salvadoran government and major U.S. development agencies are usually not involved with their creation and operation. Former Salvadoran-American Chamber of Commerce President Elmer Arias, who came to the United States in 1980 when he was 19, has been supporting diaspora investment in his native country for decades. Today his Virginia-based NGO is working with the Inter-American Foundation (IAF) and to promote productive agricultural projects. Half of the project funds come from the IAF, 20 percent from the diaspora, and 20 percent from the community. Arias is working to raise 10 percent from the private sector. This model for financing development in Central America could be supported at a much higher level in partnerships with U.S. development agencies. The Northern Triangle nations will need to design their own alternative uses of remittances, but neighboring Mexico offers an example of how remittances might be used for productive investment. Mexican government programs that match immigrant remittances with government funds for soci []