Micro-credit for families in Cochabamba

 
$2,635
$7,365
Raised
Remaining
Oct 16, 2012

Opportunity on October 17: Bonus Day

Water is stored in used oil barrels: not safe
Water is stored in used oil barrels: not safe

Dear supporters,

Wednesday, October 17 is another Bonus Day. This means that all donations we receive that day will be matched by 30% by the Global Giving Foundation. This is an excellent opportunity to make your donation have an even bigger impact than usual, enabling additional families in Bolivia to access a micro-credit for water and sanitation improvements.

As we have reported earlier, the project keeps pushing ahead. Due to its nature, the project is advancing family by family, and even though we want to reach our goal of 100 credits approved by the end of the year, we are also aware that more important than than the number of credits is the change this projects brings about: families who have accessed credit are now able to store drinking water in large, safe tanks and do have water available all the time - previously, they were storing water in used (!) oil barrels, and because water is delivered only every 3-4 days by the tanker trucks, there were many days when there was no water at all. In this situation, a safe water tank makes a huge difference, not only for the wellbeing of the families, but also for health: where water is short in supply, basic hygiene tasks such as washing hands become a major challenge and frecuency of diarrheas and other waterborne diseases increase rapidly.

In the meantime, we keep promoting the micro-credits in peri-urban areas of Cochabamba and some surrounding small towns. One of the key obstacles for poor people to access credit are the security requirements: One needs to be land owner or have a long-term renting contract - both things are very unusual in informal settlements. Our micro-finance partner (EMPRENDER) is offering alternative securities (paid electricity bills, for example), and currently, we are also evaluating the possibility of giving credit to groups of people - experience has shown that this is a viable alternative which has considerable potential.

We will keep informing you about further developments of our project. Please take advantage of the opportunity of Bonus Day (October 17) and pass on the word to other people who may be interested in supporting our work.

With a big "Thank You" from the whole project team,

Matthias Saladin

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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