Micro-credit for families in Cochabamba

 
$2,635
$7,365
Raised
Remaining
Mar 8, 2011

March Update Micro-Credit Project

Rain water is stored in open barrels for washing
Rain water is stored in open barrels for washing

Dear supporters,

We are happy to send you a short up-date on our micro-credit project in Bolivia. In 2010, the project was in its pilot phase and we tested different strategies and partner organisations. This process was slow but well worth the effort: After one year of trying and learning, we now have a model which is working well and partners we can fully trust in – thus, we are ready to scale up our work.

Jointly with a local micro-finance institution and a construction micro-enterprise, the SODIS Foundation is now offering an attractive package to its clients in the peri-urban area of Cochabamba:

  • Small credits to improve water and sanitary conditions at household level (water tanks, ecological toilets, water-saving devices, etc.)
  • Attractive interest rates
  • Services of a certified and experienced local construction company
  • Independent advisory and supervision service
  • Training and know-how on water treatment, water saving, hygiene, etc.

The combination of these products and services receives a lot of interest on behalf of the families living in poor neighbourhood of Cochabamba. After some information events in several community centers, dozens of families wanted to receive more information on how to access this credit and the benefits that come with it. Thus, our partners from the micro-finance institution are busy screening potential clients and processing their credit information, while construction is already on-going with several families. The process of credit approval is shown in the flow chart (see below).

You may have noticed that that quality of our pictures improved recently. This has to do with the fact that we had visitors to our project: the photographer Matteo Bertolino (www.matteobertolino.com) spent several days with a team of the SODIS Foundation in the project area, and a group of young local professionals produced a short video on the project (http://www.youtube.com/watch?v=8rqXuLw1UWA, in Spanish). Thanks to Matteo, Gaby and Fernando for this support!

In the next phase of the project, we will streamline the process of presenting technology options to the clients and improve the information on these systems so that families can easily compare them and chose the one which best fits their needs. We will keep you updated about progress on our side – please do not hesitate to write comments or send us your questions.

By the way: On March 16, all donations you make will be complemented by another 30% by matching funds from the Global Giving Foundation. Take advantage of this special offer and support our project with a donation early on that day (matching funds are limited and will be allocated to the first $75,000 received that day on www.globalgiving.org).

Thanks again for your support,

For the project team,

People want to obtain credit to improve housing
People want to obtain credit to improve housing
Explaining different options to improve housing
Explaining different options to improve housing
Housing conditions are precarious
Housing conditions are precarious
Project staff providing technical support
Project staff providing technical support
Flow chart of credit approval process
Flow chart of credit approval process

Links:

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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

Matthias Saladin

Executive Co-Director
Tiquipaya, Cochabamba Bolivia

Where is this project located?

Map of Micro-credit for families in Cochabamba