Micro-credit Funding of Tricycles
- Council / Country : Dominican Republic
- Holder organisation : Western Regional Council (Canada)
- Field of work : General
- Budget : 10 000 $ (canadians)
- Year commenced : 2013
- Beneficiaries : Employment applicants with family responsibilities
- Twinnage : Santo Domingo East Zonal Council (Dominican Republic)
The Western Regional Council (Canada) is twinned with the East Santo Domingo Zone Council in the Dominican Republic. The project will finance the purchase of 38 tricycles for poor street vendors to acquire a tool for work, thus becoming independent and able to support themselves. The Council raised around 10 000 $ (canadian dollars) and half of this amount was used for the initial step.
The Programme plans to hand over the tricycles to the volunteers after they have carried out a training scheme in business studies as the aim is for them to set up their own business. The repayment of the tricycle is undertaken through a micro-credit system, with staggered payments in line with income from sales. The products to be sold are basic food items, made or grown locally including: bread, fruit, vegetables, coconuts as well as the sale of basketwork.
The first programme trials revealed great interest in the Project which will not only allow heads of families to directly cover their needs, but will also help other family members to sell their products and crops.