Sustainable Financing of Conservation and Development in the Maya Mountain Marine Corridor
Sustainable Financing of Conservation and Development in the Maya Mountain Marine Corridor
The long-term goal of the project is that TIDE is financially self-reliant and thus able to realize its vision that Toledo’s healthy ecosystems support biodiversity, communities and sustainable development. Toward this goal, the specific objective to be achieved within the project time-frame is:
Objective: TIDE’s paying volunteer program Ridge to Reef Expeditions is making a net profit, and employing and building the capacity of local people in conservation work, thus contributing financial and human resources to community-oriented solutions for conservation and sustainable development in Toledo.
 

Project Snapshot

Grantee:
Toledo Institute for Development and Environment
Country:
Belize
Area Of Work:
Biodiversity
Grant Amount:
US$ 25,000.00
Co-Financing Cash:
US$ 42,321.25
Co-Financing in-Kind:
US$ 11,996.25
Project Number:
BZE/COMPACT/OP6/Y1/CORE/2015/01
Status:
Satisfactorily Completed

Photo Gallery

Project Characteristics and Results
Project sustainability
As was echoed by various stakeholders throughout the end of project evaluation, while landscape scale conservation and community engagement are strengths for TIDE, financial sustainability is an area that the organization needs to continually work on. This NGO is very dependent on short-term grants, leaving the areas under its management vulnerable. For TIDE to achieve financial self-reliance, the management of the NGO believes that it must be able to finance 50% or more of its fixed costs through self-generated income, possessing a diverse portfolio of funders such that they are not reliant on any one funder., The organization needs to continue working on its finance strategy to meet funding gaps. As it relates to the activities conducted through the project, a minimum of six customers is required to run an expedition to operate at a profit. Thus far, this has been successfully achieved but extra effort needs to be expended to maintain and improve upon the quality of the services offered to customers. It should be noted that customer expectation for one expedition group was higher than was sold and TIDE worked to gradually improve customer satisfaction throughout the span of this grant. It is advisable that TIDE should continue to be assertive in its marketing campaign of nature based experiences offered. In this respect, an attractive website has been constructed and a Facebook group has been formed where prospective customers can communicate with former customers providing transparency and creating trust. TIDE therefore has a more established track record, demonstrated by video, photos and customer testimonials. Additionally, for TIDE to remain sustainable, it may be advisable that the association continues to network with entities including UB, BTIA and the BTB, which could assist in providing support (e.g. marketing) and creating the enabling environment for TIDE to continue to gain exposure and opportunities to provide services and generate income for the entity.
Promoting Public Awareness of Global Environment
In terms of sharing with external audiences, during the project, we will share videos, photographs and testimonials from customers via the website and social media. We will also write up the information captured from customers, staff and stakeholders so that, at some point in the future, we can share our experience of setting up and running a paying volunteer program. This can be an effective model for mobilizing financial and human resources for environmental protection and sustainable development from which other NGOs and communities can benefit. We recommend that the experience derived from this project be capatured, documented and disseminated.
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Indicators
Biophysical
Hectares of globally significant biodiversity area protected or sustainably managed by project 24300
Empowerment
Innovative financial mechanisms put in place through SGP project 25000

Partnership

Oak Foundation

Grantee Contact

Mrs. Celia Mahung
Phone: 501-722-2274
Email: cmahung@tidebelize.org
 

Address

One Mile, San Antonio Road
Latin America & Caribbean , 501
 

Website

http://www.tidebelize.org

SGP Country office contact

Mr. Leonel Requena
Phone:
(501) 822-2462
Email:

Address

UNDP Belize,3rd Floor, Lawrence Nicholas Building Complex ,P.O. Box 53,South Ring Road,
Belmopan, Central America