Juan Carlos Escotet Rodríguez: More about Banesco’s Participatory Budget in 2016
Banesco Banco Universal, institution leaded by Juan Carlos Escotet, has invested more than 4 million bolivars in projects that benefit the community in the municipality of Baruta, in Caracas, since 2008.
This is the eighth consecutive year that Banesco does the Participatory Budget with various organizations and projects in the municipality of Baruta. 1 million bolivars in total will be used to support five institutions this southeast area of Caracas.
This funding allocation process is part of Corporate Social Responsibility program of Banesco; it is about making the community organizations in the area propose projects of different nature: education, welfare or improvement of infrastructure for the area. The same project participants and applicants vote for projects to be started this year and in what order of priority.
The meeting took place in Ciudad Banesco, the headquarters of the bank in Caracas, last May 12 with a large attendance. After the presentation of each project, the participants went to vote for projects they considered to be most significant for the community. Once the votes were collected, the results were publically read.
Some of the projects selected were:
- Recovery of Parque Infantil Casa Luna Luisa Caceres de Arismendi presented by the Civil Association Luisa Caceres de Arismendi. This project will benefit 120 children from the popular communities in the municipality. Bs. 249,900.31.
- Program Latidos Sanos de la Fundación De todo corazón Richard Gibson, which will serve children and adolescents with congenital and/or acquired heart disease. Bs. 125,049.85.
- Project Elaborando chocolates y postres de manera especial presented by Invedin and which seeks to train young people with disabilities in the preparation of desserts. Bs. 125,049.85.
The Participatory Budget was led by Mariela Colmenares, vice president of Communications and CSR of Banesco, who said that this initiative is an excellent opportunity to demonstrate solidarity among neighbors, so this will remain part of the strategy of Banesco in terms of Social Responsibility business.