Shannon Ng

Riverside, California

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End Date: Jun 24, 2014 12:00 AM
Volunteer Activity Message

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!

Volunteer Goals

Program Goal: $0.00 / Airfare Goal: $0.00

Shannon Ng donated $423

Jun 01, 2014 09:55 PM

[Org. Admin] Nancy Amador donated $25

Saying "Transfer from Heatherly Razo"

May 13, 2014 09:21 AM

Shannon Ng donated $1,000

May 07, 2014 01:24 PM

Shannon Ng donated $100

Apr 10, 2014 11:48 AM

Anonymous donated $250

Feb 21, 2014 06:00 PM

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$1,798.00

of $1,798.00

in donations needed to reach the Initiative Goal


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100% Complete (success)
10

of 0

volunteers needed to reach the Initiative Goal