Director,
T.E.(Terry)
Manning,
Schoener 50,
1771 ED
Wieringerwerf,
The Netherlands.
Tel:
0031-227-604128
Homepage:
http://www.flowman.nl
E-mail:
(nameatendofline)@xs4all.nl : bakensverzet
by
and
"Money is not
the key that opens the gates of the market but the bolt that bars them"
Gesell, Silvio The
Natural Economic Order
Revised English
edition, Peter Owen,
“Poverty is created scarcity”
Wahu Kaara, point 8 of the Global Call to Action Against Poverty, 58th
annual NGO Conference, United Nations,
As
the various phases of the project are executed, ownership in the various
structures formally passes to the people of the project area through transfer
to the 05.07
Cooperative New Horizons for Kiogoro. The
Cooperative holds the structures on behalf of the particular organ (for example
tank commission, or well commission, or special purpose fund) involved.
Ownership of installations at tank commission level is vested in the tank
commissions (Cooperative New Horizons for Kiogoro for and on behalf of the tank
commission concerned). Ownership of installations at well commission level is
vested in the well commissions (Cooperative New Horizons for Kiogoro for and on
behalf of the well commission concerned). Ownership of property and equipment
at central project level will be vested in the project management.
Until all debts for specific structures foreseen in 07.10 the balance sheet have been repaid, the project
coordinator will retain the right to recover any installation supplied under
the project should the beneficiaries not meet their financial obligations for
them. Where formal money seed funds are obtained by way of interest-free seed
loan, the interest free loans will be repaid over a period of 10 years. Until
repayment where required has been completed, the 05.07 Cooperative New Horizons for
Kiogoro is responsible for maintenance and
administration. However the 05.08
NGO Project New Horizons for Kiogoro through the project
coordinator retains all rights of substitution to protect the interests of
financing parties.
The
project includes the formation of cooperatives for the on-going maintenance of project
structures. The project coordinator will support, free of charge, the 05.07 Cooperative New Horizons for
Kiogoro and the maintenance cooperatives in
the provision of on-going maintenance during the first two executive years of
the project. The project coordinator or his substitutes will continue to
support, not necessarily free of charge, the 05.07 Cooperative New Horizons for
Kiogoro and the maintenance cooperatives in
the provision of on-going maintenance during the next following period of eight
years of project operation.
Pumps
and structures supplied under the project have a life-span of more than 20
years. Once the seed capital has been fully repaid at the end of ten years,
on-going monthly contributions will create a large surplus for future renewals
and extensions of the project facilities. Until it is needed, this money will
be continuously re-invested interest free in micro-credit loans for local
productivity development.
Ownership
of drinking water installations, PV lighting and refrigeration and water
testing equipment installations in schools and clinics will be vested in the
tank commissions where the schools and clinics are located.
Next file :
04.13
Certainty as to project execution.
Back to:
04.12 The participating parties.