U of Calgary Business Brigade May 2014 Honduras


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Volunteer Activity Description

Start Date: May 2, 2014 12:00 AM
End Date: May 8, 2014 12:00 AM

Business Brigade volunteers will participate in a 7 day brigade, assisting a rural community in Honduras 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!

82% Complete (success)
$24,785.24

of $30,000.00

in donations needed to reach the Initiative Goal


Complete

Thank you for your support!

100% Complete (success)
24

of 20

volunteers needed to reach the Initiative Goal


Activity details were updated 2009 days ago
Morgan Reid donated $39 3893 days ago
Peter Ip donated $39 3893 days ago
Zuzanna Lewicka donated $20 3894 days ago
Danielle Oggy donated $39 3894 days ago

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