University of Michigan - Dearborn is a chapter of Global Business Brigades, an international movement of university students and professionals building economic opportunities in the developing world. We work alongside promising entrepreneurs and experienced year-round staff to create financial opportunities in remote, rural, and under resourced areas of Honduras and Ghana. We work with communities to build community-owned banks to provide access to loans, savings accounts and financial literacy for community members. Volunteers assist in consulting micro-enterprises, assessing loan capacity payments and providing financial literacy workshops to families. nnIn conjunction with our Business Program, Global Brigades also supports communities with healthcare, sanitation and clean water projects, and uniquely implements these programs in a holistic model to meet a community’s health and economic goals. Our model systematically builds community ownership and collaboratively executes programs with the end goal of sustainably evolving to a relationship of impact monitoring. To learn more, please visit www.globalbrigades.org.
RECENT OR UPCOMING BRIGADES
Apr 26, 2015 - May 02, 2015
Volunteers on a Microfinance Brigade spend seven days in a rural community of Honduras. Prior to the brigade, GB staff trains community leaders who act as the executive board members of the community bank called the Caja Rural. Throughout the brigade, volunteers divide into groups where they visit several families in their homes. During the community visits, volunteers develop an understanding of the families’ ways of life, aspirations, and financial literacy. Following the visits, the students hold a community meeting about the Caja Rural focused on topics such as budgeting, savings incentives programs, and loans. At the end of week, students determine how they will allocate their CIF(community investment fund), whether it may be to an individual family or a lump sum donated to the Caja. One of the major advantages of the GB microfinance model is that the Cajas Rurales are entirely owned and operated by the communities. Therefore, all of the community members have the opportunity to benefit collectively, and the students work directly with individuals empowering them to become more financially stable and establish economic growth within their communities.