Project developments:
- In February 1998, the Phelex Foundation funded RMB 35,000
to establish a 50mu tea garden project in partnership with
local government. A tea-processing machine was purchased.
In the meantime, 92 needy students received the Foundation's
tuition assistance; among those 42% were girls.
- In 1998, processing tea leaves brought RMB 7,579.93 income,
which was used to provide tuition aid to 70 needy students
and the purchase of stationery for 170 students.
- In 1999, the project profit reached RMB14,830. The school
spent RMB 8,000 on tuition assistance for needy students.
To expand the project, teachers and villagers raised RMB
40,000 to build a mushroom farm. The school paid RMB 3,400
in taxes the same year.
- In 2000, tea processing gained an income of RMB 16,000,
but mushroom farm lost RMB 20.000 due to slowdown market.
However, the school paid RMB 7,300 in local taxes. The Foundation
loaned RMB 20,000 to the project, and the local government
sponsored RMB 10,000, half of what it promised.
- In early 2001, foundation staff visited the project site
and failed to reach an agreement to reduce local taxes on
the project with local government. After the exhausting
negotiation the school lost incentive to continue their
efforts to help needy students.
- The project had to come to an end.
|
|
Print
friendly version
Send this page to your friends
