Monday, October 12, 2009

Pilot Project Timeframe

The aim of the Microfinance Pilot Project is to set up a long term Microfinance Programme after the evaluation of this Pilot Project. It is extremely important to implement the Pilot Project to see exactly how the programme could work at the top of its potential and thus benefit the population of Alto Peru the most.

The Pilot Project is being carried out in three stages, each of them crucial to the successful outcome of the project and subsequent implementation of the programme:

1. Investigation (July – October 2009)

We started with the investigation phase of our project in July 2009, which included meetings and interviews with representatives of the communities, medical staff and teachers, the municipality and organisations working in the area, as well as a door to door questionnaire with the families of the communities. SOLAC is currently putting all the data together and writing a diagnostic paper to complete the first stage of the project.

2. Implementation (November 2009 – June 2010)

During the Implementation phase, SOLAC will set up two village banks, which will benefit a total of 20 to 30 people. We will provide four different services to the beneficiaries; an individual loan of 100 to 400 Nuevos Soles (23 to 92 Euros), workshops and training sessions on budget management and personal development and awareness, the promotion of saving and networking opportunities. Meetings with the village banks will take place once a month for a period of 6 months.

3. Evaluation (February – June 2010)

Throughout the implementation stage the Project will be continuously evaluated to make necessary readjustments for the future Programme. In addition by the end of February 2010, we will start evaluating the success of the project until June 2010, and outlining the steps that will be taken subsequently. The Pilot Project will end in June 2010, after which the Microfinance Programme will commence with a methodology based on the evaluation of the Project. The Programme will aim to benefit between 80 and 100 families of the communities of Alto Peru.

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