Our Projects                                                         

Cost and Profit Sharing:              

 We provide a simple cost-free training that consist of several hours for rural people. Such a training program gives them an overview of our functions and operations including the loan disbursement policy, knowledge and skills of producing agro-based livestock and talk about the opportunity for better lives. This training also assists them in understanding the philosophy of the organization, the aim and purpose behind it.

Under our project, the borrower raises the cow for a certain number of months, probably between twelve to fifteen months. Normally, within that time, the cow will be ready for use as meat. For an example, the initial purchase of the cow costs about AU$150 and after about fifteen months it will be worth about AU $300. The profit will be AU $150 (300-150=150), which will be divided in half. The organization will be repaid the initial purchase money plus AU $75 (50% of the profit) and the man or woman who raised the cow will get AU $75. We buy another cow with $150 and give her/him again a new calf to raise.

The profit from two persons ($ 75+ $ 75) we buy another cow for a new third person.    

Many of those women or men have never earned or even seen that amount of money as most people can only earn about AU $2 a day as daily laborers.

With approximately AU $75 they can build a house or buy housing material (ex. tin, wood) or lease a piece of land for cultivation.

Several measures have been taken so that there is to prevent theft or other losses. For example, the borrower will need to sign an agreement with two witnesses that they have to take care proper of the cow and there will be severe consequences if the cow is lost or stolen.

To prevent the death of the cows, periodic vaccinations are provided by the organization, free of charge to the poor borrowers.

Current Projects:                            

The organization launched its first project in December 2006. It began its journey from a small part of a village called Char Hari Pur, in the District of Mymensingh. For the first time RES invested AU $2000 (US $1700) received as personal funds from the RES founder. RES bought 10 cows for about initially. With the condition of 50% profit sharing, the cows were distributed among 10 rural poor, divorced and destitute women.

In March 2007, RES bought another 18 cows and distributed them among 18 poor women. Now a total of 28 families are helped with 28 cows within 5 months of the project start.

Other Administrative Costs:            

Infrastructure development and setting up “Rural Emancipation Society” in the village of Char Hari Pur, in the district of Mymenshingh, Bangladesh.

Within the first two year, project administrative costs need to be maintained. After the initial two years, administrative costs will be covered from the expected earned profit (from the 50% shared money). 

Administrative costs may include periodic vaccinations for cows  - this will be provided free to the poor. This vaccine will need to be bought from the market and arrangements made for a veterinary surgeon (who will also need to be paid.) to come to the village.

The project will be expanded from its earned profit (from the 50% shared money) where a part of it will be used for administrative costs and the rest will be reinvested to buy new cows helping new families or existing families.

The contribution and donation from other individuals will help its expansion and meet the growing need to help more people.

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