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 About Bakens Verzet

STICHTING BAKENS VERZET

1018 AM AMSTERDAM, THE NETHERLANDS

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

 

 


KIOGORO  INTEGRATED SELF-FINANCING RURAL DEVELOPMENT PROJECT

 

KIOGORO DIVISION IN KISII CENTRAL DISTRICT IN THE REPUBLIC OF  KENYA

INCORPORATING LETS AND COMMUNITY BANKING

 

(partnership applications invited)

 

and

NGO STICHTING BAKENS VERZET, WIERINGERWERF, NETHERLANDS


"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

 

 

“Poverty is created scarcity”

Wahu Kaara, point 8 of the Global Call to Action Against Poverty, 58th annual NGO Conference, United Nations, New York 7th September 2005.


 (Edition 02 : 10th July, 2008)


 

07.00 Financial justification.

 

07.50 Observations on the budget.

 

1.The budgeted net income of Euro 466.000 during the first four years and Euro 610.000 during the second period of six years is sufficient to finance and repay an interest free formal currency loan for up to Euro 6.000.000 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.

GRAPHS FORMING AN INTEGRAL PART OF THE PROJECT DOCUMENT

 

GRAPH SHOWING INITIAL CAPITAL INVESTED FOR MICRO-LOANS .
GRAPH SHOWING RECIRCULATION OF FUNDS FOR 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.

 


 

FROM 01.02 THE EXECUTIVE SUMMARY

 

Return to:

01.02  Menu of the project executive summary.

 

 

Next file :

01.03  List of drawings and graphs.

 

Back to:

01.01 General presentation.

 

 


FROM 07.00 FINANCIAL JUSTIFICATION

 

Forward : 07.60 Funds available for micro-credits.

Back:  07.40  Formal money income.


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