FINGO Funding Instrument for Non Gubernamental Organizations

[GENERAL] Name and surname of main applicant

Juan Facundo Couto Icasati

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Co-proposers and additional applicants

Héctor León Guillén Soldevilla from México City.

CEO and Founder of the social business incubator "INICIA LOVE"

https://www.inicialove.com

Claudio Hermida from Buenos Aires City.

Researcher Computer Science.

Analytic problem solving resulting in elegant designs and solutions.

Specialties: category theory - abstraction - verification - functional and object-oriented programming.

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

10

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

Yes

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

CREATE A SYSTEM THAT BE A TRANSPARENT BANKING CLOCKWORK, which allows accounting in real time, from the NGO through the blockchain.

Donors will have the possibility to see how the donations are spent.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

"No dependencies"

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] Please provide here more information on the open source status of your project outputs

We will start using the GPL license.

This license allows us to run the program, study it, and distribute it, either in an exact copy of the program or in modified versions.

Something important to mention is that this is a copyleft license, which means that, in addition to offering the right to do whatever we want with the software, any derivative work must be distributed under the same license.

[METADATA] SDG rating

SDG - Target 3.2

By 2030, end preventable deaths of newborns and children under 5 years of age with all countries aiming to reduce neonatal mortality to at least 12 per 1000 live births, and under 5 mortality by at least up to 25 per 1000 live births.

https://www.who.int/data/gho/data/themes/topics/indicator-groups/indicator-group-details/GHO/sdg-target-3.2-newborn-and-child-mortality

PEDIATRIC OBSTRUCTIVE SLEEP APNEA

Preventing Obstructive Sleep Apnea during childhood is one of the main objectives of the "Certificated Organizations on the Promotion of Child Development from Prevention", bringing education and treatments to avoiding poor development of the airways in future adults.

NGO´s PARTICIPATION PROTOCOL

It serves as a filter and certifies that FINGO Authorized Donor NGOs meet the minimum requirements covered by SDG Target 3.2.

The Funding Instrument for Non Governmental Organizations (FINGO) will only fund the confirmed entities that approved a participation protocol that certifies it´s an Organization that promotes Child Development from Prevention.

MEDICAL COURT SPECIALIZING IN CHILD DEVELOPMENT

• Dr Jesús Rangel-Chávez, Pediatric ENT Physician from México. https://www.atmeiatrea.club/rinoestoma 
• Dr Marisa Santos Janeiro, Pediatric Dentistry Specialized in Orthodontics from Argentina. https://dramarisasantos.com.ar/trayectoria/ 

They will be in charge of verifying that the medical content of the funded NGOs meets the requirements of the STS. His work will be ad-honorem.

[SOLUTION] Please describe your proposed solution

• HOW WE PERCEIVE THE PROBLEM TO SOLVE.

The Treasury of NGOs are like a Black Hole into which resources enter and no one knows what they are used for in detail. The Accounting of NGOs should be public and easily accessible.

• REASONS FOR APPROACHING IN THAT WAY.

Organizations have no transparency on accounting and do not exist any solution to audit what the NGOs do with the money people donated. So moving all the accounting to the blockchain and showing it in real time, will generate confidence from donors, increasing the demand of donations. The main idea is to be able to allow donors to track where their donations go using the Cardano´s Blockchain.

• WHO ARE ENGAGE?

Donors and NGOs Authorized Donees(1). FINGO is the bridge between donors and confirmed entities that approved a participation protocol that certifies it´s an Organization that promotes Child Development from Prevention.

Therefore, there will be a double check for NGOs that receive donations.

• The first check will be the external requirement of being an “authorized donor NGO”, which enables the issuing of tax-deductible receipts for donations, prior authorization from the corresponding State Entity.
• The second is the internal "participation protocol", which aims to determine what is dedicated to the promotion of Childhood Development.

In the medium term, with the solution already developed and in operation, we will see the possibility of incorporating into the STS, NGOs that are not authorized to issue tax-deductible receipts (the “no yet” Authorized Donees), scaling the project to an endless number of Entities that for different reasons do not comply with the requirements of the Tax Administration to be able to grant the tax benefit to its donors.

• HOW DEMONSTRATE THE IMPACT?

The impact of FINGO will be demonstrated on the actions of NGOs financed with complete traceability, being auditables in real time by donors, across the Cardano´s Blockchain.

1- What does it mean for an organization to be an authorized donee?

• Accessing national and international lists to receive economic resources from foundations, companies and people or even receiving an inheritance from someone.
• Having legal certainty to receive donations by being included at the Official Gazette of the State or Country where is from.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

VALUE TO THE CARDANO COMMUNITY?

• Proves the effectiveness of the Cardano Blockchain in real-life applications.

• Attract new sponsors and promote the Cardano Ecosystem.

• Drive innovation in Fundraising, enhancing interaction between projects and donors.

• FINGO has the potential to bring true value with the capital provided by the Cardano treasury.

• The ability for donors to monitor their contributions on the blockchain may improve Cardano standing as a platform for blockchain applications that promote social impact projects

• Fostering demand for ADA and providing accessible information through the blockchain activity.

HOW WILL MEASURE THIS IMPACT?

• Showing how the system gives the funds to real projects that the donor selected.

• Escalating the project with more future financiers, who pay the expansion to other levels (FFF in the beginning, Foundations and International Organizations later in).

• HOW WILL SHARE THE RESULTS?

• Developing the Social Tracking System (STS) that will be a complete Social Nets report of each situation or expense, emulating FINGO in its own management of the project:

A supervisory bot is attached to the accounting system, which for each income or expense of the NGO, publishes a ticket, to which the personnel responsible for the management of the economic resource will have the possibility of attaching to the published ticket all the multimedia evidence they consider, This publication being voted and commented on by donors. For more detailed information about STS you can visit our WEBSITE.

• And producing meetings on Youtube LIVE with the FINGO Team reporting results and being questioned by the Cardano users.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

A high-performance team must be created to work on the execution and start-up of the project, each one committing to do the impossible so that the project sees the light, compromising their own professional reputation.

The Team are mainly operating at their own costs and only asking for operational overhead, which shows their personal investment and the commitment on the intently hood to succeed.

• Facundo Couto in Strategy and Public Relations. Mentor and Entrepreneur in the Health sector. Responsible for human capital management, he is the one who had the idea and developed the project from scratch.

https://www.linkedin.com/in/juanfacundo  

https://linkr.bio/Facundo 

https://www.atmeiatrea.club/ 

https://www.ortodonciamedica.org/  

• Cristhian Tejada in Mechanics and Programming.

Blockchain Structure. Responsible for the Management of the Technical Team.

https://www.linkedin.com/in/cristhian-tejada/ 

• Francisco Montenegro in Crypto Asset Strategy.

Blockchain Consultant. In charge of Financial Management.

https://www.linkedin.com/in/francisco-montenegro-409224155  

• Héctor Guillén in International Grants.

Consultant specializing in obtaining non-refundable Seed Capital from Foundations and International Organizations.

https://www.linkedin.com/in/h%C3%A9ctor-guill%C3%A9n-soldevilla-255a841a3  

https://inicialove.com/ 

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Month 0 to 1

• Concept development and detailed planning.

• Develop the Social Tracking System (STS) to start using from the beginning and attach it to FINGO in later stages. STS It will be made up of 3 development phases. 

• Development of Phase 1 of STS with the help of Claudio Hermida and associate a backend developer in exchange for 5% participation.

• Finalize the Business Plan for the conceptualization stage and future possibilities for the development of the final product (include the specific roles of each team member and the hiring needs of permanent or temporary staff) Establish the KPIs of each milestone and detailed role of each member.

• Write the Bylaws of the Society. After that, Facundo will travel from Buenos Aires to El Salvador under his charge to establish the Company (Public Limited Company in El Salvador, under the coverage of the Digital Assets Law).

• Legal advice specialized in digital assets for the Constitution in charge of the founding capital contributed by Facundo.

• ZOOM + Twitch + YouTube event to report and debate the results of the completed stage.

EXPENSES: u$ 5.000 (Facundo own capital for the Company Foundation)

Month 1 to 4

• Rent the Global Annual Access to Coworking in the REGUS Business Center.

• Hire a programmer who masters the PLUTUS language (Cristhian Tejada has worked with professionals who could fill this role)

• Write smart contracts to have optimal tokens for the donation process (this stage could be extended, depending on the difficulties that arise along the way, so it will be a requirement for the Programmer to be committed to the Project beyond their remuneration)

• The token must obey the criteria and objectives of the donor entity and that these coincide with the criteria and objectives of the donor.

• Development of Phase 2 of STS.

• ZOOM + Twitch + YouTube event to report and debate the results of the completed stage.

EXPENSES: u$ 3.000 (50% advance payment to the Programmer)+ u$ 1.760 (Coworking)

Month 4 to 6

• Start creating movement in the System with self-donations and monitor that the destination of the resources are assigned as selection or votation made by the donors.

• Internal verification of the optimal functioning of the programming code, that results in a technical report by Cristhian Tejada and the designated Programmer.

• Development of Phase 3 of STS.

• ZOOM + Twitch + YouTube event to report and debate the results of the completed stage.

EXPENSES: u$ 3.000 (remaining 50% of the payment to the Programmer)

Month 6 to 7

• Through online marketing and public relations actions, invite members of the Global Crypto Ecosystem to test the system by making micro-donations and give them the opportunity to test the optimal functioning of the smart contracts.

• Establish a commission for the system of 3% of donations, which allows FINGO to be economically viable and have institutional independence.

• Incorporation of STS into FINGO.

• ZOOM + Twitch + YouTube event to report and debate the results of the completed stage.

EXPENSES: u$ 5.000 (Marketing and Publicity)

Month 7 to 9

Through hybrid in-person and online conferences, introduce the conceptual project at meetings for entities external to the crypto ecosystem in Mexico City, Buenos Aires and Zonte Beach, El Salvador, inviting them to test the system in beta phase to optimize according to market requirements, and have the chance to meet the crypto professionals, in a 6 hours meeting on saturday:

• CDMX: It will be an in-person event broadcast live on Zoom + Twitch + YouTube with guests from the crypto ecosystem and philanthropy, where we will present the project and invite professionals from both worlds (crypto + philanthropy) to participate and network.

• BAIRES: It will be an in-person event broadcast live on Zoom + Twitch + YouTube with guests from the crypto ecosystem and philanthropy, where we will present the project and invite professionals from both worlds (crypto + philanthropy) to participate and network.

• EL ZONTE: It will be an in-person event broadcast live on Zoom + Twitch + YouTube with guests from the crypto ecosystem and philanthropy, where we will present the project and invite professionals from both worlds (crypto + philanthropy) to participate and network.

• ZOOM + Twitch + YouTube event to report and debate the results of the completed stage.

EXPENSES: u$ 12.437

u$ 5.837 (in person events) + u$ 6.600 (travels and accommodations)

Month 9 to 10

• With the concept optimized to go to the product stage to raise funds for NGOs, launch the project to begin operating in the market with the working capital generated in the previous stages, plus the raising of new funds from Ideascale and other interested organizations and entities.

• Raising funds through established Crowdlending platforms for the promotion of FINGO's functional prototype.

• Start planning to hire a Frontend Developer for the post-F12 stage.

• Project ready to present at F14 in 2025 of Cardano Use Cases: product.

• ZOOM + Twitch + YouTube event to report and debate the results of the completed stage.

EXPENSES: u$ 0

[RESOURCES] Who is in the project team and what are their roles?

Facundo Couto in Marketing, Strategy and Public Relations. 

• Responsible for Human Capital Management. 
• He's the Mentor of the entire project, who connects all the components in the mix. Plan the necessary strategies to meet the objectives.
• Create, motivate and advise the TEAM. Make organizational decisions for a specific period (MILESTONES).
• He will invest in the constitution of a Public Limited Company (Sociedad Anónima de Capital Variable) in El Salvador, protected by the Digital Assets Law and under the warranty of the National Commission of Digital Assets, the amount of u$5000 for the share capital.

Cristhian Tejada in Mechanics and Programming.

• Responsible for the Management of the Technical Team.
• He's the technical mind of the team, responsible for designing the mechanics between systems, programmers and user ecosystem.
• Collaborates in exchange for a participation, without charging for his work except in relation to the payment of travel expenses.

Francisco Montenegro in Crypto Asset Strategy.

• In charge of Financial Management.
• He's the financial mind of the team, who collaborates in exchange for a participation, without charging for his work except in relation to the payment of travel expenses.
• Collaborates in exchange for a participation, without charging for his work except in relation to the payment of travel expenses.

Hector Guillén in International Grants.

• External Consultant Specializing in Obtaining Non-refundable Seed Capital from Foundations and International Organizations.
• He's the fundraising mind of the team, that will help in the strategy for Foundations and International Organizations.
• Collaborates in exchange for a participation, without charging for his work except in relation to the payment of travel expenses.

Claudio Hermida in Mentoring.

• Theorical Technical Consultant
• Collaborates in exchange for a participation, without charging for his work except in relation to the payment of travel expenses.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

BUSINESS CENTER: 

Coworking at REGUS GLOBAL ACCESS for 8 months access 

Unlimited use, Monday to Friday, operating hours of each business center

u$ 190 + VAT x month = u$ 220 x 8 months

u$ 1.760

SOFTWARE DEVELOPMENT:

Programmer with Mastery of the PLUTUS language.

• He will have to commit to the Project beyond the maximum budget of 100 hours of programming until reaching the planned result. 
• u$ 60 per hour: 100 hours. 

40 hours of development.

40 hours for fixes.

10 hours for possible extras.

Invoiced by the freelance programmer to the company.

u$ 6.000

PR, MKT & ADS:

u$ 5.000

Search Engine Marketing:

• Google Ads.

u$ 2.500

• Meta Ads.

u$ 2.500

Search Engine Optimization:

• Made by Facundo free of charge.

u$ 0

In-Person + on line Event in MEXICO CITY, Mexico:

u$ 3.700

• Hall rental at COVADONGA HALL x 50 pax x 6 hours

at 21st Puebla St, ZIP 06700.

u$ 350

• Mic and speakers rent.

u$ 200

• Coffee, Tea, Juice and Water (continuous service).

u$ 1200

• Fly Buenos Aires-Mexico City, return, for Facundo.

u$ 900

• 3 nights of AirBnB lodging.

u$ 150

• Fly San Salvador-Mexico City, return, for Cristhian.

u$ 300

• 3 nights of AirBnB lodging.

u$ 150

• Fly San Salvador-Mexico City, return, for Francisco.

u$ 300

• 3 nights of AirBnB lodging.

u$ 150

In-Person + on line Event in BUENOS AIRES, Argentina:

u$ 5.462

• Hall rental at BROADWAY HOTEL x 50 pax x 6 hours.

u$ 412

• Mic and speakers rent.

u$ 200

• Coffee, Tea, Juice and Water (continuous service).

u$ 1700

• Fly Mexico City-Buenos Aires, return, for Hector.

u$ 900

• 3 nights of AirBnB lodging.

u$ 150

• Fly San Salvador-Buenos Aires City, return, for Cristhian.

u$ 900

• 3 nights of AirBnB lodging.

u$ 150

• Fly San Salvador-Buenos Aires City, return, for Francisco.

u$ 900

• 3 nights of AirBnB lodging.

u$ 150

In-Person + on line Event in EL ZONTE BEACH, El Salvador:

u$ 3.275

• Hall rental at PALO VERDE HOTEL x 50 pax x 6 hours.

u$ 575

• Mic and speakers rent.

u$ 200

• Coffee, Tea, Juice and Water (continuous service).

u$ 1000

• Fly Buenos Aires City-San Salvador- return, for Facundo.

u$ 900

• 3 nights of AirBnB lodging.

u$ 150

• Fly Mexico City-San Salvador, return, for Hector.

u$ 300

• 3 nights of AirBnB lodging.

u$ 150

Extras and the other expenses will be paid by each one.

TOTAL u$ 25.197 / ADA 56.349 (depending on the currency exchange rate)

• AD-HOC 1: The Founding Team will not collect money from Cardano funding for their work. For now it will be ad-honorem in exchange for the following distribution of shares, which includes the Cardano Foundation, giving it the possibility of control over decisions while being within the Board of Directors:

15 % - Facundo Couto.

5 % - Cristhian Tejada.

5 % - Francisco Montenegro.

5 % - Hector Guillén.

5 % - Claudio Hermida

5 % - Backend STS Developer.

10 % - Cardano Foundation 

50 % - for future stock options + IPO.

In later stages with an economically viable product, we will look at assigning salary and performance rewards to the Founding Members.

• AD-HOC 2: Other expenses will be paid by Team Members or other funding sources such as Crowdlending Platforms, Foundations or International Organizations interested in starting to develop the solution.

• AD-HOC 3: We will adjust expenses to the available resources, trying to optimize and save as much as possible, to continue financing the project, returning the rest of the unused economic resources to the working capital of the Company.

• AD-HOC 4: Depending on the exchange price of ADA against the dollar at the time the proposal is approved, the total price will have to be recalculated.

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

• It's an innovative solution that uses blockchain technology to improve transparency in Fundraising. This could help to attract new sponsors and promote the growth of the Cardano Ecosystem.

• Donations will create demand for ADA, appreciating it´s monetary value.

• Donations will be used in impact projects, easily measurable quantitatively by the transactional amount.

• This project has the potential to bring true value to the Cardano Ecosystem.

• Functional prototype done.