Grant Category: Micro Finance Project Name: Income Generation Project 4 Pouk District, Siem Reap Province Implementing Partner: Farmer Livelihood Development (FLD) Status: Ongoing Start Date: 1 April 2012 End Date: 30 March 2013 Reporting Period: Report 3 (1 August to 31 October 2012) Grant Amount: US$20,000 Project Impact The project has successfully created 10 VSLG groups with a total of 153 members with 135 women. 4 new groups were formed in the latest period with 56 members of which 54 are women. To date the 10 groups have saved 9,819,300 Riels (US$2,454 or US$245 per group). 72 members have used group savings totalling 8,992,000 Riels to develop agricultural businesses such as chicken and pig rearing and vegetable crops. 22 members have used project funds totalling US$6,000 to invest in pig and chicken raising and crop development. 12 executive members participated in bookkeeping and financial management training courses facilitated by loan officers and Village Saving Loan Group Agencies. 20 monthly meetings were conducted at the village level with 153 attendees including 135 females. 75 members attended one of five 1day chicken and pig rearing training courses, with all participants using their new skills to develop small businesses. Grant Amount Budget (US$) Actual/Spend to Date (US$) Difference (US$) 20,000 13,294 6,758* * Includes US$51.83 of interest Project Description The Income Generation Program (IGP) aims to provide group members with convenient access to micro financial services (saving and borrowing) established and managed by themselves to promote income generating activities by members of the group to better secure their food and income. The National ID Indicator Survey is used to select potential members based on their poor status in communes in the Pouk District and their interest in participating in the project. The project aims to benefit up to 10 groups with approximately 200 members directly and a further 1,000 family and community members indirectly 1
Plan vs Achievements Narrative Summary Planed Indicators Achievements Objective: Food and income security of targeted households in Siem Reap province improved Outputs/ Deliverables 10 groups were 1. Both men and establishing with 153 women join the members (135 Female). group voluntarily to 10 groups received apply for small loans saving kits. and created a savings function. US$245 generated from Group size of 15 to savings of individual 30 persons or more. members in each group 2. Specific agricultural skills were identified and group members received training. 3. Groups trained on saving and loan procedures and group bylaw formation (1 hour 10 groups of at least 150 to 200 rural farmers formed (80% female). Each group to receive saving kits for managing their saving activities. At least an average of USD$150 generated from savings of individual members in each group during the project life. At least 10 loans made within each group from accumulated savings by the group. At least 8 group meetings conducted during the project life. Agriculture skill training courses identified for each group. A oneday training course conducted for each group (150 members in total). Technical followup made after the training to every member of the group by Loan Officer and to every group by Trainer. At least 70% of the total trained members apply skills learned. Increase income level by at least 10% of total household income compared to previous year (before joining the group). 30 group executive members attend simple bookkeeping and recording training and organisation of 7 loans were made within each group from accumulated savings by the group 5 group meetings were conducted by each group 5 groups attended 1day pig and chicken training courses with a total of 75 participants. 4 technical followups were made after training by loan officer and contracted trainers 100% of the total trained members have applied skills learned. Report at the end of the project 30 group executive members attended simple bookkeeping and recording training. 2
per training, 5 courses). At least three executive members from each group attend a simple book keeping and recording course. Able to manage saving and credit group operations upon completion of the course. 4. Group members receive a micro loan (US$100 $250) in addition to their group revolving fund (accumulated savings) from the project to apply their agricultural skills or other income generating skills. exchange or exposure visit to gain access to practical experience of group operations. At least 8 members from each group receive an additional loan from the project to invest or expand their existing income generation activity as result of the training during the project life. 2 members accessed loans from project funds. 3
Performance Targets OBJECTIVE 1: provide group members with convenient access to micro financial services (saving and borrowing) established and managed by themselves Indicator M &E Baseline Target set for Report1 Report 2 Report 3 Report 4 Current total target the project 10 10 0 6 4 10 formed Number of HHs in the 150250 150250 0 90 63 153 group 10 10 0 6 4 10 receiving saving kits Average VSLG 150 150 0 58 245 245 accumulated group savings at the end of 12 months (USD currency) Number of loans from 10 10 0 1 9 10 group s fund lent to their members during the year Number of meetings 8 8 0 3 2 5 conducted by each VSLG Number of group 30 30 0 18 12 30 executive members attending simple bookkeeping and recording courses Number of exchange 1 1 0 0 0 0 visits organised for group executive members members receiving a project loan 80 80 0 0 22 22 4
Objective 2: To promote income generating activities of group members which require smaller investment capital to improve opportunities to secure their food and income Indicator members attending and successfully completing the course Number of technical followups made to groups members who attended training and then applied skills learnt Increased income level of total household s income compared to previous year (before joining the group). 150 150 0 75 0 75 10 10 0 2 0 2 105 105 0 7 72 79 (trained & untrained) 10% 10% na to be reported at end of project 5
Appendix 1 Budget vs Actuals Income Apr12 Mar13 Budget $ Over Budget % of Budget 40000 Income 20,000.00 20,000.00 0.00 100.0% 42000 Interest Income from Bank 51.83 Total Income 20,051.83 20,000.00 51.83 100.26% Gross Profit 20,051.83 20,000.00 51.83 100.26% Expense 51000 Implementing and Monitoring 51001 VSLG Component Supervisor 32% 1,200.00 1,440.00 240.00 83.33% 51002 Cashier (Based in SR) 1,000.00 1,200.00 200.00 83.33% 51003 Loan Officer (Base in SR) 30% 500.00 600.00 100.00 83.33% 51017 Project Team Meeting & Training 417.41 600.00 182.59 69.57% 51019 Field allowance & transport 291.04 840.00 548.96 34.65% 51020 Food, Accommodation & Transport 601.21 720.00 118.79 83.5% 51021 VSLG Agent (Siem Reap) 547.39 720.00 172.61 76.03% 51022 Management support cost (5%) 728.54 960.00 231.46 75.89% Total 51000 Implementing and Monitoring 5,285.59 7,080.00 1,794.41 74.66% 52000 Village Saving & Loans Group 52001 Formation of V. Saving & Loan 0.00 100.00 100.00 0.0% 52002 Saving Kit for Group 228.16 200.00 28.16 114.08% 52003 Training on simple bookkeeping 0.00 900.00 900.00 0.0% 52004 Exposure visit/exchange visit 0.00 900.00 900.00 0.0% Total 52000 Village Saving & Loans Group 228.16 2,100.00 1,871.84 10.87% 53000 Agriculture Skills Training 53002 Learning Materials & Facilities 300.00 300.00 0.00 100.0% 53004 Technical Follow up (for 8group) 480.00 480.00 0.00 100.0% 53005 Trainer fees (1 day) 1,000.00 1,000.00 0.00 100.0% Total 53000 Agriculture Skills Training 1,780.00 1,780.00 0.00 100.0% 54000 Income Investment Activities 54001 Loan Provide to Group Member 6,000.00 9,040.00 3,040.00 66.37% Total 54000 Income Investment Activities 6,000.00 9,040.00 3,040.00 66.37% Total Expense 13,293.75 20,000.00 6,706.25 66.47% Net Income 6,758.08 0.00 6,758.08 100.0% 6
Appendix 2 Balance Sheet Jan 31, 13 ASSETS Current Assets Checking/Savings 11000 Cash on hand 200.14 12000 Cash in bank 6,365.94 Total Checking/Savings 6,566.08 Other Current Assets 14000 Cash Advance 192.00 Total Other Current Assets 192.00 Total Current Assets 6,758.08 TOTAL ASSETS 6,758.08 LIABILITIES & EQUITY Equity Net Income 6,758.08 Total Equity 6,758.08 TOTAL LIABILITIES & EQUITY 6,758.08 7
Appendix 3 Financials Income Apr12 May12 Jun12 Jul12 Aug12 Sep12 Oct12 Nov12 Dec12 Jan13 TOTAL 40000 Income 20,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20,000.00 42000 Interest Income from Bank 0.53 7.82 7.81 7.34 7.09 6.39 4.09 3.79 3.50 3.47 51.83 Total Income 20,000.53 7.82 7.81 7.34 7.09 6.39 4.09 3.79 3.50 3.47 20,051.83 Gross Profit 20,000.53 7.82 7.81 7.34 7.09 6.39 4.09 3.79 3.50 3.47 20,051.83 Expense 51000 Implementing and Monitoring 51001 VSLG Component Supervisor 32% 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 1,200.00 51002 Cashier (Based in SR) 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,000.00 51003 Loan Officer (Base in SR) 30% 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 50.00 500.00 51017 Project Team Meeting & Training 0.00 0.00 0.00 0.00 147.00 0.00 0.00 270.41 0.00 0.00 417.41 51019 Field allowance & transport 0.00 0.00 0.00 0.00 23.28 30.00 0.00 0.00 203.38 34.38 291.04 51020 Food, Accommodation & Transport 0.00 118.15 0.00 49.95 0.00 181.45 0.00 0.00 249.00 2.66 601.21 51021 VSLG Agent (Siem Reap) 10.00 57.39 60.00 60.00 60.00 60.00 60.00 60.00 60.00 60.00 547.39 51022 Management support cost (5%) 154.66 92.64 0.00 0.00 401.24 80.00 0.00 0.00 0.00 0.00 728.54 Total 51000 Implementing and Monitoring 434.66 538.18 330.00 379.95 901.52 621.45 330.00 600.41 782.38 367.04 5,285.59 52000 Village Saving & Loans Group 52002 Saving Kit for Group 0.00 0.00 0.00 228.16 0.00 0.00 0.00 0.00 0.00 0.00 228.16 Total 52000 Village Saving & Loans Group 0.00 0.00 0.00 228.16 0.00 0.00 0.00 0.00 0.00 0.00 228.16 53000 Agriculture Skills Training 53002 Learning Materials & Facilities 0.00 0.00 100.00 0.00 0.00 0.00 0.00 0.00 0.00 200.00 300.00 53004 Technical Follow up (for 8group) 0.00 0.00 140.00 0.00 0.00 0.00 0.00 0.00 0.00 340.00 480.00 53005 Trainer fees (1 day) 0.00 0.00 500.00 0.00 0.00 0.00 0.00 0.00 0.00 500.00 1,000.00 Total 53000 Agriculture Skills Training 0.00 0.00 740.00 0.00 0.00 0.00 0.00 0.00 0.00 1,040.00 1,780.00 54000 Income Investment Activities 54001 Loan Provide to Group Member 0.00 0.00 0.00 0.00 4,900.00 1,100.00 0.00 0.00 0.00 0.00 6,000.00 Total 54000 Income Investment Activities 0.00 0.00 0.00 0.00 4,900.00 1,100.00 0.00 0.00 0.00 0.00 6,000.00 Total Expense 434.66 538.18 1,070.00 608.11 5,801.52 1,721.45 330.00 600.41 782.38 1,407.04 13,293.75 Net Income 19,565.87 530.36 1,062.19 600.77 5,794.43 1,715.06 325.91 596.62 778.88 1,403.57 6,758.08 8