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Microloan Fund for EARTH University Entrepreneurial students

Project strategic focus areas:
Boots on the ground
All Projects

Microloan Fund for EARTH University Entrepreneurial students

Project strategic focus areas:
Boots on the ground
Project facts
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project
Country
Costa Rica
Start date
2008-09-28
End date
2011-10-01
Grant amount
USD 47.000
Local partners
Grant recipient
EARTH University
Grant manager
Annikka Berridge
Vice Chair

Context

EARTH University already has some experience with microloans to some of its students.

Objectives

Purpose of providing microloans for student agri-businesses. Throughout the grant cycle, 97 micro enterprises were implemented and financed via the entrepreneurial project account established as a result of the FAHU Foundation's grant.

Project Outcome

The grant money shall be deposited into an Entrepreneurial Project Account(EPA) and shall be used solely to provide loans for student-run agri-businesses. At the close of each business cycle, when the loans are repaid with interest, that money shall be deposited into the EPA and shall be used to fund future entrepreneurial project cycles.

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