Group(s) of ten people, five males, and five
females in each group. The group opens bank account.
The groups pick out the business they will
invest in and write a business plan including a budget, strategy, and present to
Sabu Help.
Sabu Help reviews the businesses plan and gives
suggestions/recommendations as whether the business plan is lucrative, helpful,
and environmentally beneficial.
If the business plan is approved, funds will be
transferred into the groups account and distributed to the individuals in the
groups.
The groups meet monthly/weekly to report and or
update each other on progress of the individuals business as well as the group
as a whole. This is to make sure the individuals and the group is progressing.
The field director will attend every meeting and
he serves as a communication link between the groups and Sabu Help.
After harvest or a designated period of time,
the groups will pay back the funds collected with an additional minimum amount.
This money is deposited into the group account. The minimum amount collected
will be accumulated and given to another poor person/group resulting in an on
going cycles.
Repayment responsibility rests solely on the individual /group borrower. Group members are responsible to pay on behalf of a defaulting member. This is to maintain cohesion of the group and the individuals.
To request funding, groups and individuals must write a business proposal explaining their business strategies, actions, budget, and information on how they will invest the money.
To ensure proper utilization of resources and support, Sabu Help will follow the its guidelines to help the individual or group to effectively and efficiently utilize the opportunity, funding, and support given to them. This will also motivate them to work hard and hold a very strong sense of responsibility to the group/organization. Failure to pay back the amount of funds received from Sabu Help, the individual/group will not receive any further support from the project.
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