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:
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,
Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.
If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating or by subscribing to this project's RSS feed.
Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
Still want to help?
Support another project run by SODIS Foundation that needs your help, such as: