May 2012 Business Brigade


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Volunteer Activity Description

Start Date: May 6, 2012 9:59 PM
End Date: May 13, 2012 9:59 PM

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!

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$30,515.12

of $30,000.00

in donations needed to reach the Initiative Goal


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21

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Alyssa Hopun

Passionate about: I love Latin American cultures! I enjoy spending time with people, hearing their stories and learning about their lives.I am pursuing academic and career interests in social entrepreneurship and inter... [Read More]

Ariana Garcia

Passionate about: Helping people.

Ashley Smith

Passionate about:
Activity details were updated 4594 days ago
Nancy Amador donated $0 4700 days ago
Judith Fell donated $0 4726 days ago
Nancy Amador donated $0 4728 days ago
Nancy Amador donated $0 4728 days ago

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