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ROMERILLOS

INCREASE IN OPERATING CAPITAL OF THE “DULCES ANGELITOS”

WOMEN'S GROUP FROM THE ROMERILLOS

 

Number of beneficiaries: 27 families Location

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Province: Cotopaxi

Canton: Latacunga

Parish: Pastocalle

Community: Romerillos

Cost: $52,000.00

 

GENERAL OBJECTIVE:

Improvement of the living conditions of participating families by increasing local investment.

 

SPECIFIC OBJECTIVES:

  1. Promote the culture of savings in companies.

  2. Train the members of the board of directors in administration and financial accounting.

  3. Carry out the follow-up and evaluation of results.

 

 

ACTIVITIES:

  1. The fund will be divided into 10 funds of $800.00 each.

  2. The credit received by each family will be used for the following activities: Breeding of dairy cattle, purchase of raw material for making bread and merchandise for the store and Vehicle maintenance.

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AVERAGE COSTS TO PURCHASE

According to the information in the previous table, FEDICE financing is located in a range of 32% to 80% depending on the family activity. The data presented corresponds to the cost of the first acquisition, it does not include additional costs and expenses.

 

GOALS:

  • In general, we will increase family income through increased production of goods and services.

  • Greater volume of resources for credits for the families that belong to the organization.

 

 

FINANCING

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The cost of the project is $52,000.00. FEDICE will contribute with the financing of 17% of the cost of the project ($8,800.00), which corresponds to a reimbursable Fund of $8,000.00 and

$800.00 to cover the annual cost of administration, monitoring and evaluation.

The organization will finance 83% of the cost of the project ($43,000.00), which is distributed between money for credits and payment for administration, monitoring and evaluation.

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TRAINING

Training workshops will be once a month. The topics to be taught are:

  • Cash register

  • Statement of economic situation and balance sheet.

  • Updating of internal regulations.

 

 

MONITORING AND EVALUATION

  • The physical and documentary verification of the purchases made by the participants will be carried out.

  • We will carry out random examinations of the operations carried out by the organization.

  • The evaluation will be made comparing the initial income and the new situation. We will use a participatory evaluation with the intervention of FEDICE, the participating families and the organization.

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