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Response to Japan Earthquake and Tsunami

 
$471,859
$28,141
Raised
Remaining

Summary

Mercy Corps is working with Peace Winds Japan & PlaNet Finance Japan to help affected communities recover emotionally, restart businesses & regain lost jobs. Although our emergency response work - to distribute relief items & vouchers to survivors to purchase essentials, provide bus service & mobile shops to communities, & help young people recover from the trauma & resume their normal lives - is complete, there is still plenty of work to do to restore businesses & strengthen communities.

What is the issue, problem, or challenge?

Shortly after the triple disaster in Japan's Tohoku region, Mercy Corps & PlanNet Finance Japan studied the impact of the disasters' impact on small businesses. Of those small businesses that were destroyed, over 70% were unable to access financial resources to restart their businesses. Government business recovery programs have focused on large industries. Small businesses, which are cumulatively the largest employers in Tohoku, have faced challenges in accessing the capital needed to recover.

How will this project solve this problem?

With that assessment, Mercy Corps & PlaNet Finance Japan entered into a unique partnership with a local bank to support small business recovery along the Sanriku Coast. We offer several programs to local entrepreneurs including: Start-up grants, Re-employment grants, Loan Interest Subsidies, & Disabilities Accessibility Grants. We estimate that over 500 jobs have been created or supported by the program so far. Other tsunami-impacted locations are being investigated for inclusion in the program.

Potential Long Term Impact

In the longer term, we aim to continue to help affected families rebuild their lives through economic recovery. We will continue to provide equipment and funds to quickly rebuild businesses in four coastal communities of Miyagi and Iwate Prefectures (Minamisanriku, Kesennuma, Rikuzentakata and Ofunato). Mercy Corps and Planet Finance Japan are expanding the project in the tsunami-affected area helping to revitalize even more communities including Minamisoma.

Funding Information

Total Funding Received to Date: $471,859

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 $471,859 .  The original project funding goal was $500,000.

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

Mercy Corps

Portland, OR, United States
http://www.mercycorps.org

Project Leader

Carlene Deits

Portland, OR United States

Where is this project located?

Map of Response to Japan Earthquake and Tsunami
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