21032015 - rudec 2014 annual operational overview - cheuk kin tang

2014 ANNUAL OPERATIONAL OVERVIEW

RURAL DEVELOPMENT CENTRE

CAMEROON (RUDEC)

Joshua Chiamba [email protected] +(237)67723-9994 www.RUDEC.org

ABOUT

RUDEC

ABOUT US RUDEC is a developing non for profit organization geared toward reducing poverty and inequality through the efforts of professional volunteers, collaborative partnerships and compassionate donors. It strives to improve quality of rural life through the development of sustainable social economic and environmental projects.

AB

OU

T U

S

1 BACKGROUND Cameroon is a country in Western Africa where 48% of its 22 million population is living in poverty and in rural area. RUDEC founded in 2006 by Joshua Chiamba tries to provide the most vulnerable member of its community with means to access basic education and tools to empower their lives. Its head office is situated in Belo, a small rural town in the North Western Region of Cameroon.

2

BA

CK

GR

OU

ND

MISSION RUDEC aims to combat poverty and empower the community with primary concern for the environment and sustainable resources.

MIS

SIO

N

3


VISION A world where all residents have access to basic education and health resources enabling them to improve quality of life and achieve their full potential

RUDEC

EXECUTIVE

JOSHUA

CHIAMBA

COMMUNITY

ENGAGEMENT

RUDEC

STAFF

PARTNERS

BOARD OF DIRECTORS

NTAM SHELLA

MC2 Microcredit

Project Solutions

CameroonONE

CHAIR – YUH DAVID

VICE CHAIR – GRACE NABI

SECRETARY – KHING SAMSON

Organizational

Structure


Board Members should:

Attend quarterly meetings

Promote the interests of RUDEC

Provide suggestions + advices

Participate in volunteer projects

Tree

Planting

Orphan

Project

Community

Development

After

School

Program

RUDEC

Support

Pig

Farm

Sponsor

an Orphan

General

Donations

Volunteer

Program

Investments Fees

Microcredit

Women

Empowerment

Eco-Tourism

[In Development]

Bee Farm

[In Development]

€


CONTEXT AND CALL FOR ACTION

Context

On March 3, 2015, RUDEC began an investigation on its financial health throughout 2014

The analysis indicates that RUDEC is in a dire financial situation and in need of a more sustainable income then what general

donations and sponsorships can guarantee

The key analytical findings can be summarized below:

Issue 1: Orphan Project which represents 70% of RUDEC’s total cost is underfunded by €1,736 in 2014

Issue 2: The Pig Farm Project suffered a €69 loss in 2014

Issue 3: The cost to rent and maintain the volunteer houses generated a €76 loss in 2014

Issue 4: Program Investment Fees collected in 2014 was insufficient to cover overhead or finance new projects

Issue 5: General Donations received (25% of total Income) was key as to why RUDEC was able to continue its operations in 2014

Mandate: Increase public awareness of RUDEC’s community involvement activities and establish new socially benefiting yet

economical projects for RUDEC

RUDEC’s Call for Actions from Volunteers and Professional Supporters:

1. Promote RUDEC to general population – There is an urgent need for smart and friendly volunteer consultants

2. Establish University Chapters to help promote, exercise and support RUDEC’s values on a global context

3. Promote Sponsor an Orphan Project – Projected Revenues from Sponsorships will cover only 65% of 2016 project expense

4. Host fundraisers to help RUDEC purchase beehives (€38/hive) that will be used to finance future RUDEC projects

5. Development of new viable and sustainable income generating projects to keep RUDEC afloat under tough times

€4,532

-€1,736

-€2,500

-€1,500

-€500

€500

€1,500

€2,500

€3,500

€4,500

€5,500

Orphan Sponsorship

Orphan Project Cost

Net Income Post Orphan

Project

Pig Farm Revenues

Pig Farm Feed Cost

Net Income Post Pig

Farm Project

Volunteer Rent

Revenues

Volunteer House Cost

Program Investment Revenues

Overhead [Motorcycle, Office Rental and Wages]

Net Income Post

Volunteer Contribution

General Donations

Annual Net Income


RUDEC 2014 Annual Financial Overview [2014 Euro]

-€6,268

Issue 1 - The Orphan Project which represents 70% of RUDEC’s total cost is

underfunded by €1,736. Revenues from 12 sponsors account for 48% of RUDEC’s total

income in 2014; a loss of even one sponsor would impact RUDEC’s financial severely

Orphan Sponsorship Revenues € 4,532.32

48%

%Weight Distribution of Income Generating Project in 2014

Orphan Project Cost € 6,268.35

70%

%Weight Distribution of RUDEC Expenditure in 2014

Sponsorship revenues are used to cover for 57 Orphan’s educational, medical and sometimes nutritional

expenses: School Tuition, Uniforms, Textbooks, Writing Materials, Exam Fees, Medical Checks, Hygiene

Products, HIV Tests, Tape Worm Checks, etc. As of 2014, revenues from 12 sponsors account for 48% of

RUDEC’s total income generated; losing even one sponsor can have a tremendous impact on RUDEC’s day-

to-day operation.

Data Source: 25032015 – RUDEC Financial Analysis – Cheuk Kin Tang

€1.4

€6.2

€4.3

€5.7 €5.9 €6.9

€8.3

€12.4

€9.6

€12.1

€10.3

€16.0 €15.2

€12.6

€29.2

$-

$5

$10

$15

$20

$25

$30

$35

Avera

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Mo

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[Eu

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School Year

Educational Expenses 87.55%

Medical Expenses 12.23%

Christmas Food 6.13%


Cost to Give Hope for RUDEC’s Orphan Number of Sponsored Child = 33 out of 57 [2015 Euro]

Issue 1 Cont. – A child’s education expenses [tuitions, uniforms, etc]

account for 88% of RUDEC’s spending on a child; furthermore, as the child

ages, the cost to support him/her increases correspondingly




Issue 1 Cont. – There are currently 57 orphans under RUDEC’s care but

only 33 out of 57 have a sponsor; many of the older children have more

difficulty finding a sponsor than their younger peers


2

1

0

4

6

3

5

2

4

1

2

1 1 1 1

1

0

1

2

3

3

5

5

1

2

€1.4

€6.2

€4.3

€5.7 €5.9 €6.9

€8.3

€12.4

€9.6

€12.1

€10.3

€16.0 €15.2

€12.6

€29.2

0

1

2

3

4

5

6

7

8

9

10

$-

$5

$10

$15

$20

$25

$30

$35

Ch

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Avera

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Mo

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[Eu

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School Year

Unsponsored Children

Sponsored Children

Monthly Expenses



Issue 1 Cont. – RUDEC enrolls many younger children who in 2 year [By 2017] will

enter Form 1 where costs to support them will increase by two fold from €6.9 to

€12.4; this will correspondingly increase RUDEC’s financial burden


2

1

0

4

6

3

5

2

4

1

2

1 1 1 1

1

0

1

2

3

3

5

5

1

2

€1.4

€6.2

€4.3

€5.7 €5.9 €6.9

€8.3

€12.4

€9.6

€12.1

€10.3

€16.0 €15.2

€12.6

€29.2

0

1

2

3

4

5

6

7

8

9

10

$-

$5

$10

$15

$20

$25

$30

$35

Ch

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Avera

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[Eu

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School Year


Sponsored Children

Monthly Expenses



Issue 1 Cont. – The current percentage weight adjusted costs for the

2014/2015 school year is €10.5; fortunately, this cost is still inline with

what RUDEC requests from their monthly sponsors to donate (€15)


2

1

0

4

6

3

5

2

4

1

2

1 1 1 1

1

0

1

2

3

3

5

5

1

2

%Weight Adjusted Cost €10.45

€1.4

€6.2

€4.3

€5.7 €5.9 €6.9

€8.3

€12.4

€9.6

€12.1

€10.3

€16.0 €15.2

€12.6

€29.2

0

1

2

3

4

5

6

7

8

9

10

$-

$5

$10

$15

$20

$25

$30

$35

Ch

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Co

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Avera

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Mo

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ear

[Eu

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School Year


Sponsored Children

%Weight Adjusted Cost

Monthly Expenses

€4,532

-€1,736

-€550

-€1,805

-€2,500

-€1,500

-€500

€500

€1,500

€2,500

€3,500

€4,500

€5,500

Orphan Sponsorship

Orphan Project Cost


Project

Pig Farm Revenues

Pig Farm Feed Cost

Net Income Post Pig

Farm Project

Volunteer Rent

Revenues




Net Income Post


General Donations

Annual Net Income


48%

Pig Farm Revenues € 481.16

5%


Pig Farm Cost € 549.90

6%


70%




-€6,268

Issue 2 – Due to effect of the 2013 Pig Flu, value of pigs dropped to a level

where the Pig Farm suffered a €69 loss in 2014; furthermore, monthly

costs to upkeep pigs had a negative impact on RUDEC’s monthly Cashflow

€481

Sold 2 Adult pigs for €122 and €107 on October 2014 Sold 13 Piglets for a total of €252 on December 2014 Average Monthly Expenditure of €46 to upkeep Pigs


€4,532

-€1,736

-€550

-€1,805

€657 -€733

-€2,500

-€1,500

-€500

€500

€1,500

€2,500

€3,500

€4,500

€5,500

Orphan Sponsorship

Orphan Project Cost


Project

Pig Farm Revenues

Pig Farm Feed Cost

Net Income Post Pig

Farm Project

Volunteer Rent

Revenues




Net Income Post


General Donations

Annual Net Income

Volunteer House Rental Cost € 733.19

8%


6%


70%




-€6,268

Issue 3 – The amount of rents collected from volunteers in 2014 were not

enough to offset the cost to rent and maintain the Volunteer House for the

year; thereby, generating a €76 loss in 2014

€481

-€1,882

Volunteer House Rent Collection

€ 656.82 7%


48%


5%




RUDEC 2014 Volunteer Number Analysis [2014 Euro]

Issue 3 Cont. – Monthly cost to rent the volunteer house has a negative impact on

RUDEC’s cashflow; in addition, RUDEC currently collects €46 of rents per volunteer

while total rental and upkeep costs requires €61 per month

18

10

5

1

2012 2013 2014 2015 [As of March 22,

2015]

€61 €46

€229

€160

€115

€46

-€61 -€61 -€61 -€61 -€61 -€61 -€61 -€61 -€61 -€61 -€61 -€61

€- -€15

€168

€99

€53

-€15

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Steady down trend of supporting

volunteers since 2012 played a

major factor for the €76 loss in

2014

2014 Monthly Cashflow

Volunteer House


€4,532

-€1,736

-€550

-€1,805

€657 -€733

€1,375

-€275

-€367

-€802

-€2,500

-€1,500

-€500

€500

€1,500

€2,500

€3,500

€4,500

€5,500

Orphan Sponsorship

Orphan Project Cost


Project

Pig Farm Revenues

Pig Farm Feed Cost

Net Income Post Pig

Farm Project

Volunteer Rent

Revenues




Net Income Post


General Donations

Annual Net Income



-€6,268

Issue 4 – Program Investment Fees collected from volunteers were originally

intended for paying overheads and investing in new projects; however, due to a

shortage of new volunteers, there was a net loss of €68 in 2014

€481

-€1,882

Program Investment Revenues € 1,375.00

15%


€ 656.82 7%


48%


5%


-€1,950

-€1,443

Annual Salary for two Employees:

1. Joshua Chiamba

2. Shella Ntam

RUDEC Office Rental € 366.60

4%

Volunteer House Rental Cost € 733.19

8%

Employee Salary € 801.93

9%

Motorcycle Fuel Cost € 274.95

3%


6%


70%




RUDEC 2014 Volunteer Number Analysis [2014 Euro]

Issue 4 Cont. – Revenues derived from Program Investment Fees are

sporadic and inconsistent which makes it difficult for RUDEC to run its day-

to-day operations

18

10

5

1

2012 2013 2014 2015 [As of March 22,

2015]

Steady down trend of supporting

volunteers since 2012 induce a

shortage in funding for RUDEC to

cover overheads; let alone

finance new projects

2014 Monthly Cashflow

Program Investment Fees

& Overheads

€550 €550

€275

€435 €428

€153

-€130 -€130 -€115 -€115 -€115 -€115 -€115 -€122 -€122 -€122 -€122 -€122



€4,532

-€1,736

-€550

-€1,805

€657 -€733

€1,375

€379

-€275

-€367

-€802

-€2,500

-€1,500

-€500

€500

€1,500

€2,500

€3,500

€4,500

€5,500

Orphan Sponsorship

Orphan Project Cost


Project

Pig Farm Revenues

Pig Farm Feed Cost

Net Income Post Pig

Farm Project

Volunteer Rent

Revenues




Net Income Post


General Donations

Annual Net Income



-€6,268

Issue 5 – General Donations representing 25% of RUDEC total revenue sources is

the reason as to why RUDEC was able to sustain a net positive income of €379 in

2014 and continue its day-to-day operation

€481

-€1,882

Program Investment Revenues € 1,375.00

15%


€ 656.82 7%

General Donation

€ 2,328.87 25%


48%


5%


-€1,950

€2,329



RUDEC 2014 General Donations Overview [2014 Euro]

Issue 5 Cont. – However, General Donations received throughout 2014 is

sporadic and is simply not a sustainable and consistent source of future

income for RUDEC

€204

€370

€212

€32 €45

€318

€800

€226

€122


Donor 1 € 800.00

34%

Donor 2 € 300.00

13% Donor 3

€ 225.86 10%

Donor 4 € 180.69

8%

Donor 5 € 144.55

6%

Donor 6 € 100.00

4%

Remaining 13 Donors € 577.78

25%

One donation alone represented

34% of the total amount in 2014;

there are simply no guarantee in

the future that RUDEC will be able

to receive the same generosity it

did today



Action 1 – Promote RUDEC to the general population; there is a need for volunteer

consultants who hold values inline with a meaningful professional volunteering

experiences rather then one associated with “voluntourism”

Although RUDEC welcomes international volunteers, one can also help within their home country by promoting and spreading

RUDEC values locally through simple means such as:

Sharing your experiences through casual conversations, public speaking events and social media (Facebook, LinkedIn, etc)

Posting your experiences on your webpage or blog

Watching and sharing the great short documentary film, Children of Belo, filmed by Anniken Haldna and Yuri Wahl Valle

Joining and being an active member of RUDEC Volunteers and Professional Supporters Facebook group

The short film and Facebook group can be found in the following link: https://www.facebook.com/groups/1602856126593561/

As for those who wish to be more involved, you can put your knowledge and passion for international development to work in your

own community. Some of the ways you can be involved are:

Educating the public and being an advocate of the depth of understanding of the local society and culture

Establishing a RUDEC University Chapter

Recruiting volunteers

Planning events, and

Raising funds to help support RUDEC initiatives or send professional volunteers oversea to Belo, Cameroon

https://www.facebook.com/groups/1602856126593561/


Action 2 – Establishing RUDEC University Chapters will help RUDEC’s head

office in Cameroon recruit volunteers, fundraise and advocate its values on

a global context

RUDEC CAMEROON

RUDEC GERMANY

Junior Fellowship Members may apply for a 4

months internship placement

overseas

Member Learning Team Learn about RUDEC’s mission, watch documentaries, plan events,

have discussions and develop new oversea project ideas!

Fundraising Team Develop novel ideas to help raise funds for overseas projects and

to send volunteers overseas (Bake sales, BBQs, etc)

Communication Team Work with social media to publicize accomplishments. Help

photograph, document and publish newsletter.

Public Outreach Team Plan and coordinate large public awareness and advocacy

campaigns to attract new volunteers or Chapter members

Youth Engagement School Outreach – Educate high school students on education and

sustainable issues in developing countries.

CHAPTER

STRUCTURE

€

€

Provides Quarterly Reports

And Establishes Mandates


Action 3 – A fully funded Sponsor an Orphan program frees up resources

from general donations and allow incomes to be allocated to new

sustainable projects such as the apiculture and eco-tourism projects

Become a sponsor to anyone of RUDEC’s 24 unsponsored children!

HOW YOU CAN HELP!

For more information on how to sponsor a child, please contact us at [email protected]


Action 4 –The development of a bee farm will not only generate a sustainable income

for RUDEC but it will also improve nearby rural social-economics; however, additional

hives are needed for RUDEC to be able to sustain itself from the project’s income

APICULTURE PROJECT

RUDEC BEEFARMING

Problem Context

€ 2721 were raised early 2015 by a volunteer to help RUDEC purchase 2 hectares of land and acquire a land certificate from the government. A portion of the raised fund will be allocated to support the Orphans’ Project. Therefore, this implies that there will only be enough budget to construct 14 hives which is insufficient for RUDEC as an alternative income source

Proposed Remediation

Currently, a portion of revenues generated

from honey and bee wax sales each year will

be re-invested back to purchase additional

hives until the farm reaches full capacity with

800 hives installed. Volunteers and

professional supporters can help by hosting

fundraisers to assist RUDEC’s quest in

constructing 800 bee hives. Volunteers can

also help by promoting RUDEC’s beekeeping

internship program.

Project Goal

The goal is to construct enough hives and

sell enough honey/bee wax such that RUDEC

will have a consistent and sustainable

income source than what general donation

guarantee. With sufficient honey yield,

numerous jobs can be created at both a

community and a national level given a large

enough marketing channel.

RESOURCE REQUIREMENT IMPLEMENTATION DIFFICULTY

Hard

PROJECT BENEFITs

2 Hectares of Land €840

1 x Beekeeper - Joshua Chiamba 800 x Hives [€38 per hive]

Sustainable Income for RUDEC Increase Crop Yield for Farmers Create jobs for rural communities

Land Certification €763


RUDEC Bee Hives Construction Schedule Scenario 1 [2015 Euro]

Action 4 – A full farm with 800 hives will generate more than €16k in revenue

annually; however, it takes almost ten years for project to ramp up to full capacity

even when 90% of operating income are being re-invested to purchase new hives


14 21 31 46 70 101

154

233

356

540

798

€422 €652 €960

€1,422

€2,153

€3,154

€4,773

€7,202

€10,982

€16,656

€-

€2,000

€4,000

€6,000

€8,000

€10,000

€12,000

€14,000

€16,000

€18,000

0

100

200

300

400

500

600

700

800

900

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

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Scenario Assumptions:

• 80% Hives Colonized

• 90% EBIT re-invested to purchase new hives

• Honey Sales Price per Litre = €3

• Bee Wax Sales Price per kg = €2.3

• Projected Annual Production per Hive of 10L

• Projected Bee Wax Production per Hive of 0.33kg

• 5% Inflation to all Costs

• Discount Rate = 8%

Cost Data:

• Cost of 2Hectares Land and Certification = €1604

• Cost of 1 Hive = €38

• Replacement of Top Bar every 2 years = €7.6

• Beekeeper Monthly Salary = €46

• Cost of 1L Bottle for Packaging = €0.23/bottle

• Smoker Replacement every 5 years = €9.2

• Replacing Harvesting Container every 5 years = €3.9

• Bee suit Replacement every 5 years = €28

• Annual Cost to clear and maintain land = €38

• Honey Transport Cost per L = €0.04/L


RUDEC Bee Farm Financial Projections Scenario 1 [2015 Euro]

Action 4 – Since 90% of operating income are re-invested to purchase new

hives each year; it takes realistically 8 years for RUDEC to enjoy income

benefits from the bee farm


€224 €337 €521 €780

€1,876

€269 €401 €559 €919 €1,198

€2,013

€3,030

€4,689

€7,023

€9,851

-€1,762 €298 €445 €622

€1,021 €1,331

€2,237

€3,367

€5,210

€7,804

€11,727

-€2,000

€-

€2,000

€4,000

€6,000

€8,000

€10,000

€12,000

€14,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

An

nu

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EB

IT [

Eu

ro]

$Profit Re-invested [Euro]

Net Income

Annual EBIT It is critical that additional hives

be built in earlier years of the

project so that it takes a shorter

amount of time for the bee farm

to reach full capacity


RUDEC Bee Farm NPV analysis Scenario 1 and Scenario 2 Comparison [2015 Euro] - Discount Rate of 8%

Action 4 – A mere €2000 additional of investment for RUDEC to construct

44 new hives in 2015 will increase project NPV from €1,405 to €43,375 and

reduce breakeven year from 2025 down to 2021


-€1,620 -€1,423 -€1,155 -€756 -€208

€1,727

€12,262

€20,918

€28,212

€43,375

-€1,762 -€1,734 -€1,696 -€1,647 -€1,572 -€1,481 -€1,340 -€1,144 -€862 -€472

€1,405

-€5,000

€-

€5,000

€10,000

€15,000

€20,000

€25,000

€30,000

€35,000

€40,000

€45,000

€50,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Cu

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Pre

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Va

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[E

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]

Scenario 2 – Assumes that RUDEC is

able to raise or receive another €2000

to construct an additional 44 new

hives in 2015

Scenario 2 Breakeven Year

58 94

148

228

356

546

800 800 800 800 800

€1,765

€2,879

€4,532

€6,994

€10,957

€16,849

€24,633 €24,647 €24,662 €24,676

€-

€5,000

€10,000

€15,000

€20,000

€25,000

€30,000

0

100

200

300

400

500

600

700

800

900

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

An

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RUDEC Bee Hives Construction Schedule Scenario 2 [2015 Euro]

Action 4 – Assuming RUDEC is able to obtain an additional €2000 financing

to construct another 44 new beehives in 2015, the farm will be able to

achieve full capacity by year 2021 as opposed to scenario 1’s year 2025


Scenario Assumptions:

• 80% Hives Colonized

• 90% EBIT re-invested until 2020

• Honey Sales Price per Litre = €3

• Bee Wax Sales Price per kg = €2.3

• Projected Annual Production per Hive of 10L

• Projected Bee Wax Production per Hive of 0.33kg

• 5% Inflation to all Costs

• Discount Rate = 8%

Cost Data:

• Cost of 2Hectares Land and Certification = €1604

• Cost of 1 Hive = €38

• Replacement of Top Bar every 2 years = €7.6

• Beekeeper Monthly Salary = €46

• Cost of 1L Bottle for Packaging = €0.23/bottle

• Smoker Replacement every 5 years = €9.2

• Replacing Harvesting Container every 5 years = €3.9

• Bee suit Replacement every 5 years = €28

• Annual Cost to clear and maintain land = €38

• Honey Transport Cost per L = €0.04/L


RUDEC Bee Farm Financial Projections Scenario 2 [2015 Euro]

Action 4 – The impact of having an additional 44 hives will allow RUDEC to

enjoy the project’s income benefit by 2019 and achieve complete financial

independence by 2022


€338 €544 €806

€3,069

€18,055

€16,022 €14,580 €15,163

€1,376 €2,068

€3,038

€4,892

€7,251

€9,720

€-

€-

€- €-

-€1,762 €1,528

€2,298

€3,376

€5,436

€8,056

€12,789

€18,055

€16,022

€14,580 €15,163

-€2,000

€3,000

€8,000

€13,000

€18,000

€23,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

An

nu

al

EB

IT [

Eu

ro]

$Profit Re-invested [Euro]

Net Income

Annual EBIT Help RUDEC achieve its full

capacity and empower more

lives in the Belo community by

helping us achieve the project’s

800 Beehives installation target


Action 5 – Numerous small scale sustainable and socially empowering

income generating projects benefits both RUDEC and its local community;

tell us your ideas and see how it can be realized here in Belo!

EXAMPLE

RUDEC COMPUTER CLASS

Problem Context

Computers are expensive. Many community

members and even professionals such as

teachers will therefore lack basic computer

knowledge. A basic education on computer

usage can greatly enhance their career

options

Proposed Remediation

RUDEC currently owns 5 functional computers.

The aim is for any skilled volunteers to educate

RUDEC employees with basic knowledge of

computer functionality, internet accessing,

Microsoft PowerPoint, Excel and Word.

Volunteers will devised a curriculum such that

the empowered RUDEC employees can use it as

future lesson material for other Belo community

members.

Project Goal

The goal is to empower local RUDEC

employees such that they can use the newly

acquired computer skill sets to educate

other members and professionals of the

Belo community. RUDEC can charge a small

tuition fees from the offered classes;

revenues received from tuitions can then be

allocated back to other projects.

RESOURCE REQUIREMENT IMPLEMENTATION DIFFICULTY

LOW

PROJECT BENEFITs

1 x Skilled Volunteer 1 x RUDEC Employee

5 x Computers

Empowered Employees Educated Community Income for RUDEC

€155


Achievements – As detailed in the next slides, the Microcredit Loan Program for

women established on April 2012 by Andrea Sestanovich is a notable example as to

what RUDEC and its volunteers have achieved for its community over the past years

RUDEC CAMEROON

HOW MICROCREDIT

PROGRAM WORKS?

Member 1

Member 2

Member 3

Member 4

Member 5

€31

€31

€31

€31

€31

Stage 1

RUDEC provides €155 seed

fund equally split to first 5

members of Community

Empowerment Club.

Stage 2

Each members will repay €6.11

of principals every 2 months plus

€0.51 as interests until the €31

loan is repay completely. The

principals will be pooled together

to provide new seed loan for its

new member.

€6.1

€6.1

€6.1

€6.1

€6.1

Principal

Repayments

Every 2

Months

Interest

Pool € Interest

Payment

€31

Member 6

Stage 3

The process continues until all members of

Community Empowerment Club receives a

loan and repays it; the group will repay the

€155 fund back to RUDEC so that it can be

granted to other members of Belo

community. Any interests accrued will be

kept by the Community Empowerment Club

to continue with the microcredit plan for its

own members.

RUDEC CAMEROON

€155

Member N

Member 1

Member 2

Member 3

Member 4

Member 5


Achievements – With the exception on April 2014, all loans were repaid on

time; on-time payments in turn allow other members to enjoy the benefits

of the microcredit loan program


€153

€31 €31 €31

€61 €61

€31

€61

€31

€61

€31

€61 €61

€31

€61

€31

€61 €12

€18 €18

€6

€24

€6 -€6

€12 €18

€6

5

6

7

8

10

7

8

10 10 10

9

10 10 10 10 10 10

0

1

2

3

4

5

6

7

8

9

10

€-

€20

€40

€60

€80

€100

€120

€140

€160

Balance after Loan Payment

Amounts Loan

Members Loaned to

RUDEC Microcredit Loan for Women Women Empowerment Program [2015 Euro]

On Feb. 2013, the initial 5 members of

the program all successfully paid off

their individual €31 loan; furthermore, 2

new loans were handed out Initial €153 Loan granted by

RUDEC to 5 of the Community

Empowerment Club Members


Achievements – This loan is given with the hope that the money will be used to

create a business; so that even once it is paid back, members will still have a source

of income to support themselves and their families.



€61 €61 €61 €61 €61 €61 €61 €61 €61 €61 €61

€31 €31 €31 €31 €31 €31 €31

€61 €61 €61 €61 €55 €55

€49 €43 €43

€37 €31

€31 €31 €31 €31 €31 €31

€6 €6 €6 €6

€6 €6

€6

€5 €5

€3

€3

€3 €3 €3 €3 €3 €3

€-

€20

€40

€60

€80

€100

€120

€140

Interest Paid

Amounts Repaid

Amounts Loan

Since April 2012, a total of 18

members have benefited from

RUDEC’s Microcredit Loan

Program


Achievements – 29 micro-loans were given out since April 2012 while cumulative

principals repaid by its members amount to €739. Furthermore, total interests accrued

during period totals €76 [Half of what RUDEC loan out to initiate project]



€- €31

€61 €104

€153 €214

€263 €305

€354 €403

€452 €495

€544 €593

€642 €690

€739

€17

€19

€23

€27

€33

€38

€43

€47

€52

€57

€61

€67

€72

€76

5 6

7 8

10

12 13

15 16

18 19

21

23 24

26 27

29

0

5

10

15

20

25

30

€-

€100

€200

€300

€400

€500

€600

€700

€800

€900

Apr-12 Jun-12 Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14

Accumulated Interest

Cumulative Amounts Repaid

Cumulative Numbers of Loans Given

Interests accrued will be given

back to Community Empowerment

Club in order to continue the

microcredit program for its

members

THANK YOU FOR YOUR TIME!



Q&A ?

WORK

PROCESS

Project Attribution [Sept. 30, 2014]

RUDEC Held Fundraiser [Jan. 4, 2015]

Conceptual Design Review [March 3, 2015]

Land Purchasing [March 22, 2015]

Land Preparation [March 27, 2015] • Setting Boundary Stones • Tree Planting • Land Clearance • Hives Construction

Land Certification by Government [June 1, 2015] - Expected

Hives Installation [On-Going]

First Honey Harvest [March 1, 2016]

Market Expansion [2019] - Expected

On Track!


Organizational

Structure


RUDEC

EXECUTIVE

JOSHUA

CHIAMBA

COMMUNITY

ENGAGEMENT

RUDEC

STAFF

PARTNERS

BOARD OF DIRECTORS

NTAM SHELLA

MC2 Microcredit

Project Solutions

CameroonONE

CHAIR – YUH DAVID

VICE CHAIR – GRACE NABI

SECRETARY – KHING SAMSON

Board Members should:

Attend quarterly meetings

Promote the interests of RUDEC

Provide suggestions + advices

Participate in volunteer projects

21032015 - rudec 2014 annual operational overview - cheuk kin tang

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