On March 31, 2011, the Fundación Pro Vivienda Social (FPVS) signed contracts concurrently with the Inter-American Development Bank Multilateral Investment Fund (IDB-MIF) and the Argentine bank Banco Supervielle for loans of US$3 million each (US$6 million in total) with the IDB-MIF making a non-reimbursable donation of US$600,000 to be put towards FPVS’s integral gasification project (Project). With the funds needed to begin execution of the Project firmly in hand, FPVS is ready to put to work funds raised by way of its project listed on GlobalGiving and those from the IDB-MIF and Banco Supervielle. Initially, it is expected that Project will benefit 3,000 families, or approximately 21,000 people living in low-income neighborhoods in District V, Moreno in the province of Buenos Aires. The signing of these contracts represents over five years of hard work by local community members, FPVS, and our partners.
In this context, FPVS has decided to retire its Project focused on the above-mentioned Project on GlobalGiving and focus its GlobalGiving fundraising efforts on the related project “Pass the Gas: Gas for 500 families in Argentina” (“Pass the Gas”). During the integral gasification pilot project, 2,483 families were successfully connected to the network. However, 500 families living in the target area were unfortunately left out, lacking the nominal financial requirements necessary to do so. Donations from “Pass the Gas” will be used to connect 10 of these families to the gas network. We have already raised US$945 and are looking for an additional US$7,055 to begin the installations. If you’d like to learn more, please visit the “Pass the Gas” project page here and/or feel free to email us at firstname.lastname@example.org.
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