Abby Bruch

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End Date: May 13, 2012 09:59 PM
Volunteer Activity Message

MU volunteers will spend 6 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

Organization Admin donated $119

Saying "Transfer from Ashley Smith"

Apr 25, 2012 02:21 PM

Organization Admin donated $100

Saying "Transfer from Joy Belser"

Apr 24, 2012 12:43 PM

Organization Admin donated $229

Saying "Transfer from:
Jose Avila- $17.40
Ariana Garcia - $211.90"

Apr 24, 2012 11:32 AM

Martha Bruch donated $250

Mar 13, 2012 07:45 PM

96% Complete (success)
$698.30

of $725.00

in donations needed to reach the Initiative Goal


Complete

Thank you for your support!

84% Complete (success)
21

of 25

volunteers needed to reach the Initiative Goal