Projects
The UST MCP currently has four active projects which include our KIVA, Yucatan, Chile and Pakistan Projects.
Kiva: Kiva.org is a non-profit organization that offers individuals and organizations like MCP the opportunity to provide funding to microentrepreneurs around the world through an online database. Students conduct an assessment, follow a pre-established criteria based on our values and priorities and allocate our loans with a revolving fund.
The Yucatan Project: In collaboration with a Mexican organization, Ayuda para Ayudar, we are working with 53 Mayan communities in the Yucatan peninsula. The Program is currently supporting close to 120 people with $15,000 loans. Loan beneficiaries focus mainly on the production of crops, honey and crafts.
The Pakistan Project: In collaboration with the Hashoo Foundation, Rice University Owl Microcredit and the University of Houston Microfinance Initiative, MCP suplports a development plan in Pakistan, aptly called Plan Bee. The UST MCP plans to finance 200 women for the production of honey over two years. The University of St. Thomas MCP is allocating $20,000 in loans for this program alone.
The Chile Project: Through our partnership with the Universidad Santo Tomas, a sister institution and member of the International Council of Universities of St. Thomas Aquinas (ICUSTA), the UST MCP has allocated $4,000 to this program which funds a group of 20 women in La Pintana who are producing artisinal chocolates that we are helping to commercialize in the local and the international markets. |