HOW YOU CAN HELP | WHO'S INVOLVED

Micro Finance is a proven way to help out people in the developing world.

Prof. Muhammad Yunus & Grameen Bank was awarded The Nobel Peace Prize in 2006. The Grameen Bank is a micro finance institute set up in Bangladesh providing micro-credit to the poorest of the poor without any collateral.

The idea is that the poor have skills that are under-utilized. By providing credit, without any collateral, you develop enterprise, educate and give confidence to local entrepreneurs.

Current Project: THE OIL PRESSING MACHINE

This is hopefully just the beginning of a bigger project that will improve the quality of life in the Humla region and educate the Irish on the benefits of microfinance; emphasising and promoting trade, not aid.

Initially we have supplied an oil pressing machine to the local women's co-op. This is hydro-powered as, besides limited solar power, there is no electricity. There will be a small charge per litre to use it. This will go into a fund to pay for a wage to run and maintain the machine and to repay the loan over 3 years.

Currently a litre of cooking oil costs about €0.50 in Kathmandu. In Simikot, after middle men and transport, the same litre of cooking oil costs about €1.80. At the moment the villagers have three choices: Buy the oil at the higher price, walk for 3 days with locally gathered seeds to another village and get the seeds pressed there for €0.20 or knead the oil out of the seeds themselves by hand. The last is an incredibly laborious project yielding minimal results.

Right now local Nepalese engineers are working with the women's coop and Nicky to find the best location to house the machine. It needs to be within easy walking distance and on a fast flowing stream that doesn't dry up in the summer.

With the machine in place and an excess of oil, new projects should be possible. The first and most obvious seem to be soap and candle making, both of which require oil as a major ingredient. They also deal with the greatest problems in the area: health and light.

New projects

This Humla district is one of the poorest in Nepal. No one is starving, as the government provides everyone with a ration of rice and other staples, but children suffer from vitamin deficiencies. Life expectancy is 53. The infant mortality rate is 30%. One of the ladies that will be on the programme has lost 5 of her last 6 children when they were babies. The only hospital for the district, with a population of around 50,000, is usually closed as the doctor rarely shows up, and he lives in Nepalgunj. Many women die in childbirth - the women we spoke to could count 25 women they knew that died last year. So while the people are very warm and welcoming they require assistance.

Health, infant mortality, women in childbirth and education are the real problems in the Humla region. They get worse in the smaller villages surrounding Simikot. These are the bigger issues we eventually want to tackle. Micro finance creating at first a simple but effective local economy and eventually an export trade is the vehicle.

We welcome any suggestions or solutions you can add to the project.

Micro Finance: links and examples

http://www.indianngos.com/issue/microcredit/successstories.htm

http://www.squidoo.com/microfinance/