Remittance Projects by Alphabet
Quatro por Uno - Mexico
Quatro por Uno (Four to One) is a remittance matching programme in Mexico. It was initiated by a US based home town association (HTA). They were seeking ways to contribute to home town development, and sought contact with the local government for assistance. The local government, federal government, national government and Western Union now meet every dollar remitted for development projects by HTAs.
Rohal Poultry Firm
Rohal Poultry Firm was established in 2010 by some NRBs from UAE. Initially US$ 15,000 was invested which has now increased to US$ 30,000. Family members of NRBs and professional management team are responsible for the management of this scheme. This scheme is yet to become sustainable and incurred loss US$ 12,000 due to various diseases of poultry and high price of poultry feed.
Rubel Poultry Farm
The poultry farm was established in 2007 by a migrant staying in Malaysia. Initially US$ 7000 was invested in it and current total investment is US$ 15,000. Family members of the migrant are responsible for running the business. This scheme is financially and operationally sustainable. The average monthly income is US$ 300.
Rwanda Diaspora Mutual Fund
The Mutual Fund acts as a pool of capital from Rwandans in the Diaspora for collective investments in Rwanda. The mission of the Fund is to promote the financial well-being of the Rwandan Diaspora, while participating in the socio-economic growth of the country. The project is initiated by the national government and is in the process of development (Dec 2011).
Suriname Capital Investment Fund
The objective of the project is to mobilize Suriname entrepreneurs to jointly invest in Small and Medium enterprises (SME) in Suriname. The project spurs entrepreneurship by giving investors financial ‘injections’ through Diaspora investments.