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Helping Women Start Businesses in Ecuador

 
$762
$4,238
Raised
Remaining

Summary

A team of five MIT students will work with a community of women in Pascuales, Ecuador during summer 2009 to help them start businesses by providing skills training, guidance, and financial support.

What is the issue, problem, or challenge?

The local community of Pascuales has many street children. Children of Guayaquil has been working to address this problem by constructing a community center and providing educational workshops in the community. Now, a team of MIT students from MIT International Development Consulting will be assisting the NGO to help the women in Pascuales - the mothers of these disadvantaged children - to start businesses in order to provide for the healthcare, education, and safety of the street children.

How will this project solve this problem?

We will do three things to improve the financial options and help the women generate income: 1) Create a savings opportunity program. 2) Help the women obtain loans for their businesses. 3) Help the women start businesses.

Potential Long Term Impact

The project would serve directly to 20 families by helping them increase their quality of life. Indirectly we would be providing services to 2.000 people in the community.

Funding Information

Total Funding Received to Date: $762

Funding Information

This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Project Report" tab as they become available.

Donors' contributions and pledges to this project totaled $762 .  The original project funding goal was $5,000.

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

Funded

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

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Organization

Project Leader

Lauren Vegter

Director of Strategy, MIT IDC
Cambridge, MA United States

Where is this project located?

Map of Helping Women Start Businesses in Ecuador
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