StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Sustainability - Admission/Application Essay Example

Cite this document
Summary
With the introduction of this program FTC is attempting to provide a way for Chebinie women to be able to support themselves and ultimately their families. One of the main goals of FTC is to free children from poverty around the world, so it makes sense that Chebinie women are…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful
Sustainability
Read Text Preview

Extract of sample "Sustainability"

Microfinance and the Kipsigis of Southwest Kenya What is the FTC (Free The Children) group trying to accomplish through the introduction of this program? With the introduction of this program FTC is attempting to provide a way for Chebinie women to be able to support themselves and ultimately their families. One of the main goals of FTC is to free children from poverty around the world, so it makes sense that Chebinie women are given some means to be able to provide this. Education is the key to freeing children from poverty, but this can only be done if (1) a mother can afford to send her kids to school and (2) if she has some form of income herself to make up for the fact that her children cannot assist her in the home.

The FTC organization has already been in the Kenyan area for more than a decade, and previous efforts to provide alternative sources of income for women proved effective. However, this entailed giving goats and cows to these mommas so that they could use the milk for nutrition and also to sell. There is only so much growth in this way, and that is why it is now time for FTC to consider some other means of assistance. Microfinance will be a great vehicle through which to improve the lives of regular Chebinie women, and the concept has already proven to be successful in other areas of the world.

Of course, that does not mean that it will be successful in Kenya. Some cultural and/or religious considerations will need to be taken into account so that micro financing schemes can adapt to the local people and not the other way around.2. What will be the key factors that will determine whether this objective will besuccessfully accomplished? What will be the major cost drivers in the future? One of the key factors that will help determine whether this objective will be successfully accomplished is the rate at which the loans are paid back.

Not only will this help develop good borrowing habits on the part of the Chebinie women, but it will also show that their ventures are working. The repayment of the loans forms a vital aspect of the program because that is what keeps the scheme moving along. If any Chebinie women fall behind in their payments or do not contribute to the program, then ultimately the objective will not be accomplished. This also requires complete buy-in from all the Chebinie women involved because they have to be willing to make short-term sacrifices for long-term benefits.

The initial process of setting up the program will be critical in this regard because it will have to be communicated to all the women just exactly what is expected of them. As a side effect, there is also the ability to create more of a community atmosphere to the whole process because the Chebinie will be required to work together somewhat. In the future the main cost drivers will be inflation in the local economy because this has the ability to raise the operating and living costs of the women and make it harder for them to pay back the loans in time.

Although they may be able to make loan repayments in the short term, it may be the case that in the long term these women will not be able to pay back their loans at the same rate. Also, the expectations of the women could also act as a cost driver. For example, once the women have tasted some success with the program then some of them could want to spend beyond their means, i.e. take out a loan to purchase a house, etc. As long as the women remain within budget and do not get carried away then the program has the potential to do wonders for them.

The key is education and teaching them about how to be a responsible business owner so that loan repayments do not get out of hand.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Sustainability Admission/Application Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Sustainability Admission/Application Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/management/1634199-sustainability
(Sustainability Admission/Application Essay Example | Topics and Well Written Essays - 500 Words)
Sustainability Admission/Application Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/management/1634199-sustainability.
“Sustainability Admission/Application Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/management/1634199-sustainability.
  • Cited: 0 times

CHECK THESE SAMPLES OF Sustainability

The Process of Assessing the Environment

This paper discusses about environmental Sustainability, mainly focusing on the Brundtland Report about the same.... Therefore, it becomes clear that there are a lot of issues which stand in the way of environmental Sustainability and its success.... Sustainable Environment The planet earth, the only one of its kind and the only one known to sustain life, is slowly succumbing to its unnatural death....
6 Pages (1500 words) Essay

Sustainability and Ethics

A special attention is paid to the problem of Sustainability in the business.... Sustainability has become a major beacon in the development of business strategies and it is important for any business manager to be able to know what business Sustainability is in order to carefully and effectively include it in the business model and ensure that the business has a good Sustainability plan (Brockett and Rezaee, 2012).... However, the challenge to its is that there are various definitions of Sustainability, and although they are all similar, they all defer from each other in at least one critical way....
4 Pages (1000 words) Essay

Sustainability Indicators

Date Sustainability Indicator Program An indicator is an illustration given in different ways showing a community what aim has been set to them that they have to achieve and if the community is going in the right direction, how far the community is from the goal set to them, as to where they want to be in a set timeframe.... Sustainability indicators | Sustainable Measures").... There are two types of indicators used, Sustainability indicator and a typical urban indicator....
3 Pages (750 words) Essay

Environmental Sustainability

The essay “Environmental Sustainability” focuses on a processor state that can be maintained at a certain level indefinitely.... When the aspect of Environmental Sustainability comes into the picture, numerous environmentalists have given numerous sets of causes, impact, and effects.... REETI 10 /5/2008 ENVIRONMENTAL Sustainability The environment around us is the most important aspect of our lives, since it provides us with every possible source and means that go into the sustenance of life....
2 Pages (500 words) Essay

Environmental Sustainability and Chinas Recent Economic Development

The economic conditions are definitely exhilarating, but western economists say that there are obvious pitfalls in the economic path chosen by Chinese government unless it makes amends for economic and environmental Sustainability.... China's recent economic development has been beyond all expectations....
8 Pages (2000 words) Essay

Economics for Sustainability

This essay describes the economics for Sustainability issue, that have a significant impact on the environment such as transport, energy, construction, industry and agriculture.... The researcher of this essay seeks to discuss the basic, mainstream economics concepts agreeing or disagreeing with the core concepts of Sustainability.... In conclusion, the researcher of this essay discusses two perspectives, that have different arguments regarding Sustainability, although there are various complementing arguments....
8 Pages (2000 words) Essay

ENVIRONMENTAL SUSTAINABILITY

?? This is because the demand will increase since the country's economy and every Your full November 11, Environmental Sustainability We use energy to exist, develop and grow.... Hari estimates that there will be “10 billion people on earth by 2050” which means that population will continue to grow and cause an increase in the global warming thus decreasing the planet's Sustainability.... ?? This leads to planet un-Sustainability because crop failures and AIDS will lead to many premature deaths in the coming years which will be a natural measure of population control....
2 Pages (500 words) Essay

Organic Farming and Sustainability

… The paper "Organic Farming and Sustainability" is a great example of a term paper on agriculture.... nbsp;The simplest description of the term Sustainability is the overall capacity to endure (Harris, 2000).... From the human perspective, Sustainability can be explained as the maintenance of long-term well being.... The paper "Organic Farming and Sustainability" is a great example of a term paper on agriculture.... Introduction The simplest description of the term Sustainability is the overall capacity to endure (Harris, 2000)....
8 Pages (2000 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us