Page History

Summary of Fall 2017:

This semester our team has been successful in the research and initial development of an accounting tool intended to aid AguaClara at Cornell, APP, and the individual communities in efficiently gathering, reporting, and summarizing financial data integral to the successful execution of plant operations and potential to receive impact investments. Our experimentation with the tool using real data from the plants in Honduras has led to the conclusion that this tool will most likely be suitable for our needs. Our next steps include getting feedback on the tool and hopefully sending members from the team down to Honduras to help implement it.

In addition we have compiled a list of potential impact investors that we feel value similar social impact to AguaClara and fit our financial needs for the construction of future plants. We look forward to securing our next location large enough to be funded by an investment rather than a grant and putting together financial materials to present to potential investors to secure that funding.

The questions the investments team addressed during the fall 2017 semester were:

1. Can we create a database of potential investors (lenders), including a profile of each investor (inc. types of projects financed, investment criteria, board members)?

2. Can Which professionals can we correspond connect with various professionals to aid in the development of our team?

3. Can we effectively build a computerized accounting tool to be used by the community board to facilitate financial management and reporting?

4. Can AguaClara be in a position by the end of this calendar year to formally approach possible investors to provide financing for a specific water project in Honduras?