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GYCA Voices from the Field: Small Grants program!
This blog details the progress of GYCA members who have been awarded small grants to carry out projects developed in e-courses taught Global Youth Coalition on HIV/AIDS



numforx   numforx Alenwi's TIGblog
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Overcoming challeges of the project in Cameroon

Completing the 'Our Chances with HIV II' project was a great experience of the challenges of Project management. We faced challenges ranging from the respect of timeliness, maintaining HIV confidentiality rules and working with partners.

Let me share one experience with you here. When GYCA announce our award in late January,it was good news because our project was planned for January to June 2010. However, things were not that smooth when we realized GYCA could not provide the funds until mid February. Waiting till the funds were available meant we will miss important date on our Plan of action especially the National Youth Week which runs from February 1 - 10.

We therefore had to look for alternatives means of funding. There was no liquid money in our account so we had to go for a micro-finance loan.

The risk with taking a micro finance to pre-finance a project is paying the interest on loan when it was not budgeted in the plan of action. We were lucky that the late transfer of funds coincided with a risen currency exchange rate. the surplus from the currency exchange was thus used to pay the interest on the micro finance loan.

What if the exchange rate didn't work in our favor? It is therefore advisable that project managers should always keep in mind that they might need a supplementary source of funds to pre-finance activities in the case of eventual delay in funding.

June 18, 2010 | 5:46 AM Comments  5 comments

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Maubex Allan Maubania
June 23, 2010 | 7:28 AM
Impressed
It calls for a courageous project manager to take such a step. But just like you stated it, you were just lucky. Just imagine you weren’t lucky!
All I know is that for any PM, never take a risk whose outcomes you cannot handle. Put that in mind next time you take a risk of such gratitude.
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