TCP Global's revolving loan pools now total over $500,000 -
funds to support $1M in loans annually in 170+ communities- even if TCP Global ceased to exist.
And it all started in Colombia.
Yasmila of La Olla Milagrosa works tirelessly to keep her community safe in Fundacion. She uses loan program earnings for Covid relief.
ARACATACA - AKA MACONDO no loan site was hit as hard by COVID as ARACATACA
Gabriel Garacia Marquez loved Aracataca, prototype for Macondo in 100 Years of Solitude. To honor his memory, we are working hard to save its TCP Global loan program.
On 2/4/20, the 1st of 14 loans were issued. The 1st month everyone repaid. When Covid hit, 7 members of borrowers' families passed away. Two borrowers moved after the death of their spouses.
Another borrower was robbed of all his work materials. Our team is working to help the program regain the 95% repayment rate needed to qualify for more funding.
Colombia produces excellent chocolate
The chocolate cooperative in Guachaca helps the growers maximize their profits.
La Victoria is a super-star, with a 98.4% repayment rate over 11 years. They invested each donated dollar nearly 8 times and have used $22,000 in earnings for special projects like student loans, building repairs, a women's sewing cooperative and COVID relief.
Eighteen students have received loans to complete their studies.
Rita (in red) runs the La Victoria program. She used earnings to start a women's sewing cooperative which earns suffcient revenue to pay utilities for the community center.
COLOMBIA approaching $500,000 in loans
Colombia is approaching a $500,000 milestone in loans issued. Each dollar sent to Colombia has been invested nearly 6 times, although COVID took a heavy toll on Colombia programs.
Maria Claudia's recycling business reflects love for her community and for the earth. She educates others to protect the environment.
She shared information on Neiva's recycling program with other TCP Global leaders during our monthly Zoom meetings.
This coffee shop in Champinero, Bogota was supported by a micro-loan issued in Neiva.
Dave Snyder, Sally Rowley, Helene Dudley, Jerry Fickel, Mark Aledda, and Kiki Mutis guided The Colombia Project's transition to
Marks's wife Marta joined us for the 3/23/22 update on how the program is working in Africa, Asia and South America.
"The developing world is full of entrepreneurs and visionaries who, with access to education, equity and credit would play a key role in developing the economic situation in their countries." Muhammad Yunus
TCP Global is grateful for recent donations from the groups below to help pay for fiscal sponsor services provided by the National Peace Corps Association (NPCA). These donations support NPCA project administration and NPCA's overall mission. 100% of regular donations are distributed as micro loans. We would love to add your group's logo here as well.
Until Peace Corps is fully back in the field, TCP Global is a good substitute for Peace Corps Partnership Projects for supporting development in small and remote communities around the world.
For more info, contact TCPGlobal@peacecorpsconnect.org