The objective of this project is to end severe poverty for 80 impoverished mothers and their respective children through a program of development of subsistence microbusiness that will comprise the next:
1) Creation y organization of two village banks: these banks will be created in the communities "Chinguilanche" and "Capuli"; these communities are located in the province of Loja, (in Ecuador). Each bank will be form with 40 persons (only women).
2) Implementation of a plan of 80 little loans: each new village bank will provide 40 little loans to the beneficiaries. The beneficiaries will use these loans to develop little economic activities (micro-business) that will improve the incomes and the level of life of their families.
3) Implementation of a Saving Plan: the purpose of this plan is to permit that the beneficiary has a quantity of money that she can use to expand her business, or in case of disaster or emergencies.
4) Training Program of the beneficiaries: the Community Banks Program will include a conferences program about various topics that include Business Administration, Marketing and Sales, Self-esteem, Diseases Prevention and others. These conferences program seeks to increase the knowledge level of the beneficiaries of the village banks and to inject a community action of work and solidarity.
The program of development of subsistence micro-business will last three years. After this period, the beneficiaries will be prepared to use mechanisms of the Commercial Bank and other institutions like "Cooperativas de Ahorro y Crédito". In this way, new beneficiaries will give the opportunity to be admitted to the loan program. |