Micro-credits for Baru Island entrepreneurs

Dear Donors,

This is our last report of the year. Once again we would like to thank you for your generous donations in 2016 through Global Giving to the Project “Micro-credits for Baru Island entrepreneurs.

Thanks to all the donations received through all the year and to the beneficiaries’ commitment we have schedule a new invitation to the entrepreneurs interested in participating in the project, in order to grant new microcredits to those that complete the process.

We are currently working with 12 businesses with an average income of $450.000 each. 27 new jobs have been created. This has certainly impacted the local economy.

The entrepreneurs have shown a good behavior in terms of managing their businesses. The Foundation has continued to visit them and to give them various tools to help them.

In this last report we would like to tell you a bit more about Sergio, one of the last beneficiaries selected, who lives with his wife Dunia and a grandson he is raising.

Sergio has a small business in an Island hotel in which he sells handcrafts that he personally makes.

During the tourist season, he hires local young men to help him.

Sergio is friendly and spontaneous. Because of his outgoing personality he makes good money with his business.

This is all for now. It has been a great year for us in the Hernan Echavarria Foundation, having the opportunity to help all this entrepreneurs improve their businesses and their income. We hope to keep counting with your support.

We invite you to continue to work with us in order to achieve our total funding goal.

With gratitude,

Ana Milena Ordosgoitia M. and the Hernán Echavarría Olózaga Foundation team

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Dear Donors,

Once again we would like to thank you for your generous donations through Global Giving to the Project “Micro-credits for Baru Island entrepreneurs.

We are happy to announce that on June we granted 4 new credits to entrepreneurs interested, after they applied, worked on their business plan and presented their project to the credit committee.

4 new beneficiaries started to work with us. Their businesses are: 2 restaurants, a handcrafts store and a candy shop.

These 4 new businesses supported, benefit a total of 17 people from the beneficiaries’ families and generate 6 new jobs.

With these 4 new entrepreneurs, we are currently working with a total of 13 small businesses in Baru Island that have an average income of $630.000 each.

In addition to the given information about the progress of the project you have supported, in this opportunity we would like to tell you a little bit about Nady Luz, one of the 4 new beneficiaries of the project.

Nady owns a candy shop in her home. She opens every morning from 7 AM till 7 PM. Her main costumers are the school students that walk by her house on their way to school.

With the incomes from her shop, she helps her husband and parents with the house bills.

Nady is a mother of a 4-year-old boy. She says that what she likes the most about her business is that she can work as she takes care of her son. This way she feels helpful and complete.

We invite you to continue to work with us in order to achieve our total funding goal.

We will continue to send you regular reports to let you know the progress of the project you have supported.

With gratitude,

Ana Milena Ordosgoitia M. and the Hernán Echavarría Olózaga Foundation team

Links:

• Follow us in Facebook