Help for Zvannieki Needed

This is an appeal to all blog readers, and in particular those who have either an interest in or have in the past supported Zvannieki.

As many of you will know, just before Christmas of last year, they moved from the Old Zvannieki into the new Zvannieki, and at that time the owners of the new Zvannieki agreed that they could purchase the new Zvannieki at a "advantageous price".

Well time has moved on and despite the Smiley Funds best endeavours and that of Juris Calitis, we have been unable to secure the finance to purchase the property.

We have approached local banks, but the key stumbling block is how we can convince the bank that the home can meet the monthly interest payments.

In terms of loan security Juris and Sandra have enough land and properties, to cover the actual loan itself, and would plan to sell all or some of these properties to repay the loan. But all of this takes time, and for obvious reasons if a guarantee of interest payments cannot be made, then the bank does not want to be placed in the position of "repossessing" a children's home.

So if any of you out there have any ideas, or very rich uncles / aunts etc, then please let me know.

The home needs to raise Ls180,000.00 to purchase the home and the surrounding 29 hectares of land, and this would mean monthly interest payments of around Ls700.00.

All of this is beyond the Smiley fund resources.