Micro-credits for Baru Island entrepreneurs

Dear Donors,

¡Happy New Year! In this 2016, we hope to continue, with your help, working with the most needed people of Baru Island.

First of all, we would like to thank you again for your generous donations to the project "Micro - credits for Baru Island entrepreneurs". 

In our second report we would like to start by telling you that on December 2015 we granted 3 credits, 2 of them to new beneficiaries (Candelaria and Arelly) and 1 to an old beneficiary (Juan) who has shown commitment and has invested the money to grow his business.

A total amount of COP $6.100.000 was given to 3 entrepreneurs that applied to the micro-credit’s project in Baru Island.

Our goal in this New Year is to grant 4 more credits and to continue with the monthly advisory meetings.

Finally, in this report we would like to tell you about Juan, an old beneficiary that has recently received a new credit to continue to grow his life vests and snorkel gear rental business in Playa Blanca.

During the end year meeting the Foundation always celebrate with all its beneficiaries, Juan who received a special award because of his effort and commitment, said to all the beneficiaries present: “I am very grateful to the Foundation for all the support it has given me for my business and I can give testimony that you can move forward, we all can, if we really want”.

For us in the Hernan Echavarria Foundation, it has been a great opportunity to learn from him. His desire to succeed is an incentive for us to keep working.

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

Links:

• Our website

Dear Donors,

First of all, we would like to thank you again for your generous donations to the project "Micro - credits for Baru Island entrepreneurs". 

Even though we have raised so far USD 145, we are confident that with your help we would soon reach our funding goal of USD 16.775,  to keep helping people in Baru Island.

The following is a brief summary of the progress of the project, you have supported.

 The Hernan Echavarria Foundation team worked on the following project schedule:

1. October 29 - November 3: Information about the project to the community through different ways such us boards, newsletters and the community microphone.  

2. November 4 - 9: Term given to the interested people to register, by bringing to the Foundation's office, the credit application form, a copy of their ID and of their cosigner ID.

3. November 23 - 25: Visits to the preselected entrepreneurs and support in developing their business plan.

4. November 26 - 27: Credit committee and disbursement.

5. November 30 - They all finish to pay for their credits: Monthly visits and advisory meetings.

As we planned, from October 29 till November 3 we informed the community about the project using boards pasted in the schools, streets and main plaza. Also by giving newsletters.

Until November 9, we received the application forms and documents. In total, 9 entrepreneurs from Barú and 5 from Santa Ana applied.

Our team in currently  verifying the documents to start with the visits and to help the preselected applicants with their business plans. 

We invite you to continue to work with us in order to achieve our total funding goal of $16.775.

We will continue to post regular reports to keep you informed on the project progress.

With gratitude,

Ana Milena Ordosgoitia M. and the Hernan Echavarria Olozaga Foundation team

Links:

• Visit us in our website