Director,
T.E.(Terry)
Manning,
Schoener 50,
1771 ED
Wieringerwerf,
The
Tel:
0031-227-604128
Homepage:
http://www.flowman.nl
E-mail: (nameatendofline)@xs4all.nl :
bakensverzet
Incorporating innovative
social, financial, economic, local administrative and productive structures,
numerous renewable energy applications, with an important role for women in
poverty alleviation in rural and poor urban environments.
"Money is not the key that
opens the gates of the market but the bolt that bars them"
Gesell, Silvio The Natural
Economic Order
Revised English edition, Peter
Owen, London 1958, page 228
Edition 11:
GRAPH SHOWING
DEVELOPMENT OF MICRO-LOANS .
THE INTEREST-FREE LOAN
CYCLE.
HOW
THE ORIGINAL SEED LOAN MONEY IS USED.
The
funds recycled over the first period of ten years are approximately Euro
16.000.000. This is a very conservative estimate.
They
are made up of:
a)
A payment of about Euro 0,60 per user per month into the Cooperative Local
Development Fund. Where seed funds are in the form of an interest-free ten year loan, these monthly payments
make up the interest-free seed loan repayment. These are shown as horizontal
lines at the bottom of the micro-loans graph. They are constant. During quarters
42-45 the amounts left for repayment UNDER THE PROJECT are reduced to zero.
However users continue to make monthly contributions on their own account, so
the recycling of funds will in practice continue. The capital fund will build up
again as shown in the micro-loans graph. It will drop again when replacements of
the original capital goods are made or the system services extended. It will
then build up for a third time to cover further collective capital investments
and so on for so long as the users continue making their monthly
contributions. Where the initial
project is in the form of a grant, the large amount of capital which has built
up in the Cooperative Local Development Fund can either be used for
interest-free micro-credit loans for productivity increase. However, project
management may also make proposals for the extension of the services available
to the users.
b)
Certain capital sums such as repayments for the gypsum composite factories, the
mini-briquette manufacturing units, the buses and vehicles, and project and
maintenance reserves.
c)
Repayments under the micro-loans. These are seen as diagonal lines in the
micro-loans graph. Towards the end of the project period, payback times are
shortened to ensure capital re-enters in time for repayment of the original seed
loan.
Forward: 7.70
Budget in form often required for funding applications.
Back: 7.50
General observations on the budget.
List of drawings and
graphs.
Typical list of maps.
List of key
words.
List of
abbreviations used.
Documents for
funding applications.
