UC Riverside Business Brigades June 2014 Honduras


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Volunteer Activity Description

Start Date: Jun 18, 2014 12:00 AM
End Date: Jun 24, 2014 12:00 AM

UCR volunteers will spend 7 days in 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!

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$18,249.00

of $0.00

in donations needed to reach the Initiative Goal


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Thank you for your support!

100% Complete (success)
10

of 0

volunteers needed to reach the Initiative Goal


Allen Chang

Passionate about: The World

Heatherly Razo

Passionate about: Business.

Hieu Vo

Passionate about: Sports and community service.
Activity details were updated 2111 days ago
Shannon Ng donated $423 3961 days ago
Jose Romo donated $423 3962 days ago
Brandon An donated $500 3962 days ago
Carol (Lingkai) Yang donated $423 3962 days ago

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