Profile For Financial Assistance                      

Introduction

The aim of this profile is to explain the process of receiving donations, loans and sponsorships from individuals and organizations. The process will show the accountability, transparency and correct use of the donated money.

Initially we have started the program and got a huge response from villagers in Bangladesh, with more cows requested by existing recipients and an appeal for new cows by others. To successfully continue this project we need urgent help from various sources.

The Procedures

The procedures start when an individual or organization shows interest in providing financial support. Then the Chairman will contact Trustee Board members who are also Executive Committee members for the possible grant and make preparation to receive the money. When the money is given to the Chairman, he will transfer it through a bank account to the Executive Board to use the money to buy cows.

Figure: The Procedures for Providing Financial Assistance

Reporting on the Financial Support

The financial donor or loan provider will receive a money receipt immediately after delivering the money to the Chairman. Executive members will buy cows and the provider will receive a list of families or recipients’ names along with pictures with their cows. A report will be provided to the donor after eighteen months regarding the money, its distribution and profits. This will be a standard policy of the organization.

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Appendix- 1 (Money Receipt)

Rural Emancipation Society (RES), Bangladesh

-Uplifting the Poor

Charharipur, Shambugang, Kotwali, Mymensingh

Registration No.: S-6355(600)/07

Money Receipt

 Date:

Received with thanks.

(Majharul Talukder)

Chairman

RES, Bangladesh