Alayna Auerbach

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1,500

Fundraised

2

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End Date: Mar 09, 2013 12:00 AM
Volunteer Activity Message

Penn State volunteers will spend 7 days in a rural community in Panama to help provide solutions to the community’s economic needs. The target beneficiaries have been previously excluded from formal financial institutions & therefore lacked access to savings and credit opportunities. Beneficiaries tend to have a low level of income, lack of collateral, & low level of education. During the brigade, volunteers divide into small groups to conduct household visits in which they get to know the family, assess each household’s level of financial competency and entrepreneurial aspirations. After the assessments the volunteers provide educational and technical assistance in the form of workshops. Topics range from personal finance to basic accounting and business planning. Additionally, volunteers invest in the community savings and loan (S&L) cooperative by providing seed capital. In turn, the seed capital provides loans to a small business to either expand current operations or pursue a new entrepreneurial opportunity. Working side-by-side with community members affords volunteers the opportunity for cultural exchange, micro-finance, and consulting experience. The households benefit by learning personal financial and business skills and gain access to credit and savings opportunities. Community businesses benefit from the consulting and loans. The community benefits because the profits earned by the S&L stay in the community to be used by the community!

Volunteer Goals

Program Goal: $0.00 / Airfare Goal: $0.00

Donna Wylie donated $80

Feb 22, 2013 03:21 PM

Bonnie Murphy donated $30

Jan 30, 2013 03:01 PM

Robert Dey donated $100

Saying "Have a wonderful experience! Love, Uncle Rob & Aunt Aileen"

Jan 27, 2013 12:58 PM

Anonymous donated $40

Saying "Sounds like a great experience, hope this helps a little. Let me know how it goes."

Jan 27, 2013 10:59 AM

ray auerbach donated $250

Jan 23, 2013 12:00 PM

Donna Wylie donated $200

Jan 16, 2013 12:02 PM

Donna Wylie donated $550

Jan 15, 2013 12:40 PM

Organization Admin donated $250

Saying "transfer from 2011 (anurag)"

Dec 11, 2012 06:09 PM

100% Complete (success)
$1,500.00

of $1,472.00

in donations needed to reach the Initiative Goal


Complete

Thank you for your support!

100% Complete (success)
47

of 15

volunteers needed to reach the Initiative Goal