After the exciting news that Camino Verde´s first project to appear on GlobalGiving reached 7th place in the Open Challenge (thank you!), we have adjusted and the project´s details to reflect the project´s goals for 2011. Most obviously, we expanded the funding goal from the original $5,000 (which we far surpassed), to reflect a wider goal for a whole calendar year: $20,000.
This total reflects several components of the current project, including:
1. Purchase of 100 acres of rainforest. Of the total $20,000 funding goal, $5,000 will be applied to the purchase price (as the rest of funding for the purchase was secured before the Open Challenge by our supporters). An additional $1,000 is put aside to cover the considerable bureaucratic expenses related to land purchase in Peru, including any outstanding property back-taxes on the land. This thousand will ensure legal smooth sailing in the purchase, and leftovers will be reverted to use in the points below.
2. Planting 1000 trees. As of the current report (30 Dec. 2010), we have planted 500 trees towards this goal. The remaining 500 trees will be planted between now and April 2011. We give an estimate cost of $5 to plant one tree, meaning that our 1,000 trees for the year correspond to an additional $5,000 (already in place as of the time of this writing.
3. Caring for over 5,000 trees. The 5,000 trees Camino Verde has planted in the last three years require constant maintenance in the form of weeding, pruning, and more. $6,000 of the project´s total is directed to the maintenance of the newly planted 1,000 trees, and the 5,000 that came before.
4. Camino Verde Plant Nursery. Facilitating our future tree planting campaigns, we will create a plant nursery on site at our Reforestation Center and Living Seed Bank at Baltimori, Tambopata, Peru. Initially, the nursery will have a capacity for 500 tree seedlings, with an aim to expand to 1,000 after the first year. This will greatly reduce transportation costs and fossil fuel reliance in the future, as many seedlings are currently carried by boat from third party nurseries. The cost for the nursery installations is estimated at $3,000, including water systems.
We are very excited about the success of our participation in the Open Challenge. Please check back here for future reports and updates. Thanks!