Director,
T.E.(Terry)
Manning,
Schoener 50,
1771 ED Wieringerwerf,
The Netherlands.
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 14: 31 October,
2007
1.The budgeted net income of Euro 290.500 is sufficient to finance and repay an interest free formal currency loan for up to Euro 3.750.000 over a period of 10 years, taking the various reserves and loan repayments set out in comment 2. into account. Should payments out of reserves be higher than expected, the project administration may choose to increase the monthly contribution of the families after four or five years, as their standard of living improves.
2. Interest-free loans for various project structures transferred to private
persons or cooperatives are paid back into the Cooperative Local Development
Fund over a period of 3-5 years. They are taken into account in the
calculations in point 1. These loans include those for the gypsum composites
manufacturing units, the briquette manufacturing units, public transport
cooperatives (buses), and the maintenance and installation cooperatives
(vehicles). In case of loan repayment after ten years, funds available for
interest-free micro-credits will be reduced to zero. Since the families
continue to make their monthly payments to the Cooperative Local Development
Fund, the capital in the Fund for micro-credits will gradually build up again
as it did during the first period of ten years. Where the original seed funding
was by way of grant, the large amount of capital in the Fund at the close of
the first period of ten years will continue to circulate to finance
interest-free micro-credits. It can also be used to finance extensions to
project structures.
4.
Payments for water facilities for schools and clinics are included in the
users' monthly contributions.
5. Payments and financing for eventual PV lighting and refrigeration facilities
in clinics within the project area are covered in the users' contributions.
6.
Savings on the purchasing of bio-mass for cooking and on the costs of drinking
water and batteries etc. will at least partly offset the costs of the project.
7.
Funds may be made available to the project through the sale of rights under
Carbon Emission Reduction certificates under the Kyoto Treaty. Recent UNFCCC
proposals on programmes of activities.
GRAPH SHOWING
DEVELOPMENT OF MICRO-LOANS .
CASH FLOW DIAGRAM.
THE INTEREST-FREE
LOAN CYCLE.
HOW THE ORIGINAL
SEED LOAN MONEY IS USED.
TYPICAL
PROJECT EXPENDITURE BY QUARTER.
DETAILED
EXPENDITURE FIRST QUARTER.
DETAILED
EXPENDITURE SECOND QUARTER.
DETAILED EXPENDITURE
THIRD QUARTER.
DETAILED EXPENDITURE
FOURTH QUARTER.
DETAILED
EXPENDITURE FIFTH QUARTER.
DETAILED
EXPENDITURE SIXTH QUARTER.
DETAILED
EXPENDITURE SEVENTH QUARTER.
DETAILED
EXPENDITURE EIGHTH QUARTER.
Forward :
Funds available for micro-cedits.
Back: Calculation of
net project income.
Menu group 7 work files: Financial justification.
Main menu for project work file groups.