January 2012 Loyola Chicago Business Brigade


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Volunteer Activity Description

Start Date: Jan 3, 2012 10:00 PM
End Date: Jan 10, 2012 10:00 PM

Loyola Chicago volunteers will spend 8 days in a rural community 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 invests 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!

100% Complete (success)
$13,251.10

of $5,000.00

in donations needed to reach the Initiative Goal


Complete

Thank you for your support!

60% Complete (success)
9

of 15

volunteers needed to reach the Initiative Goal


Alberta Yan

Passionate about: helping others.

Cyryl Jakubik

Passionate about: Soccer, eating, jamming out on the drums, traveling, and spending time with friends and family,

Gabriel Garcia

Passionate about: Soccer and making money

Gabriela Wilewska

Passionate about: Business and helping people
Lesli R Wiseman donated $20 4849 days ago
Lesli R Wiseman donated $20 4849 days ago
Nancy Amador donated $0 4850 days ago
Nancy Amador donated $0 4850 days ago
Nancy Amador donated $0 4850 days ago

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