Jaya Reddy

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$

2,657

Fundraised

5

Initiatives

End Date: Mar 31, 2012 09:59 PM
Volunteer Activity Message

UCLA volunteers will spend 8 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

Vijay N. Reddy donated $450

Saying "flight moolah!"

Mar 10, 2012 05:50 PM

Jaya K. Reddy donated $526

Feb 15, 2012 12:08 PM

Global Business Brigades donated $15

Saying "bake sale "

Feb 14, 2012 07:47 PM

Janelle M Bowerman donated $10

Feb 08, 2012 07:02 PM

Nicole Hall donated $10

Saying "i love you jaya, you're so amazing!! good luck :)"

Feb 04, 2012 11:12 PM

Organization Admin donated $259

Saying "Transfer from Fundraising Activity"

Jan 27, 2012 02:05 PM

98% Complete (success)
$1,270.00

of $1,285.00

in donations needed to reach the Initiative Goal


Complete

Thank you for your support!

100% Complete (success)
15

of 15

volunteers needed to reach the Initiative Goal