Kate Murphy

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End Date: May 19, 2013 12:00 AM
Volunteer Activity Message

MU Ohio 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

Tim Murphy donated $772

Saying "GL to Kate and all the people doing good work in Panama"

Apr 28, 2013 10:18 AM

Tim Murphy donated $540

Apr 10, 2013 09:12 AM

Tim Murphy donated $100

Feb 22, 2013 04:00 PM

Tim Murphy donated $200

Saying "Deposit for the trip. Good luck sweetie!"

Feb 22, 2013 07:48 AM

100% Complete (success)
$1,612.00

of $1,612.00

in donations needed to reach the Initiative Goal


Complete

Thank you for your support!

73% Complete (success)
11

of 15

volunteers needed to reach the Initiative Goal