After more than
20 years of post communism and a free market economy, Romania still
faces numerous challenges to bring adequate financial support to the
families struggling with life which The Smiles Foundation supports each
Unlike developed western nations there is very
little to no welfare even for the poorest people. Since Romania
joined the European Union in 2007 some progress has been made with
infrastructure, but the poor and weak continue to suffer because of
corruption, a sluggish economy and government inefficiencies.
The Smiles Foundation
began its work in Romania
when Kevin Hoy (Smiles Founder and Chief Executive) visited
Romania in 1990 just months after the fall of communism. From its simple
beginnings, today the organisation manages over 20 active projects,
serving more than 1,500 people, employing 100 staff in Romania, and
relies on regular giving from over 500 committed monthly supporters,
along with numerous fund-raising events throughout the year.
The Foundation’s website details how the projects operate which over the
past 15 years has included infrastructure development with a
School, Nursery, Emergency
Housing Unit, Community Centre, Residential Homes for the Elderly and a
Day Centre for the Disabled
along with a
Mission Centre for visiting
More than £4 million ($6
million) has been invested in infrastructure assets plus £3.8 million
($5.7 million) in operational support. The Smiles Foundation is able to
manage significant resources and achieve magnificent results.
A Foundation you can trust.
the leadership decided to establish some micro businesses under the
wholly owned Trading Company
Tosity was appointed
in 2011 to manage the projects within the Enterprise Initiative and
works very hard and is deeply committed to making a success of the
The Foundation’s first
investment was the purchase of a
FARM (Livestock & Arable)
We initially focused on Pig
Production and farming the 80 acres of land owned with Wheat, Barley,
Maize Corn and occasional Sun Flower. Capital Investment in the Farm
amounted to approximately £250,000 ($375,000)
second opportunity in 2011 was a
business. (Growing Plants under
Glass). We contracted with Bosch Inveca (A Leading Glasshouse Builder
from Holland) to construct a state-of-the-art Glasshouse of 4,310 sq.
Metres (50,000 sq ft) which currently grows hundreds of thousands of
flowers which are sold across Romania, to State Departments and
Wholesalers. The initial Capital Investment was a further £250,000
The third initiative was opening
RETAIL STORES which
have now been operating in Salonta (2010) Oradea (2011) and Alesd
(2012). Our feature and speciality is selling clothes imported from
United Kingdom and America. Two of the store properties (Salonta &
Oradea) are owned by Smiles and one (Alesd) is rented. Initial Capital
Investment was £70,000 ($105,000).
With all that has been learnt since
establishing the Initiative in 2010, there is still considerable
investment required to enable us to achieve the full potential through
On the Farm, due to
an aging and deteriorating Barn, we had to cease holding Live Stock
until major renovation work can be done, or even the building of a new
Barn. Anticipated investment needed is £30,000 ($45,000) for renovation
or up to £70,000 ($105,000) for a new construction. Meanwhile we are
focusing on the profitable Arable Farming but to achieve full-potential,
Live Stock needs to be reinstated. We would also like to increase our
Farm Land by another 20 acres which we could manage and this would
likely increase our profit by 25%. 20 acres would cost approximately
At the Glasshouse, we have seen orders
increase each year and now we have 400% more than in 2013. In 2016 we
purchased an additional Unit of 1,250 square metres (12,500 sq foot)
with special attention to Winter Flowers as the smaller unit makes
heating more viable. We grew 12,000 Poinsettia for Christmas and every
plant was sold. The majority to one customer who actually buys in
180,000 poinsettias from Greece, but would be very happy to buy from us.
We just don’t have the space! Our additional Unit cost £36,000
($54,000). We would also like to consider purchasing our own truck for
deliveries as we spent in 2016 - £10,000 ($15,000) on delivery services.
Our increased business in 2017 will significantly increase these costs.
With the Retail,
we would like to purchase the building currently being rented in Alesd
but additional capital would also be required of approximately £60,000
All the Enterprise Initiative projects involve
considerable Cash-Flow demands as farming can be 9 months from sowing to
harvesting – Glasshouse an average of 6 months from planting to selling
and 2-3 months with Retail Stock, acquiring it in UK or America with
payment on order – shipping to Romania to seeing it sold at check-out.
The Smiles Foundation has been well supported
by Capital Donations or Loans towards these projects which enables us to
fund Sminro as well as financially possible.
Many people are as keen to support this type
of initiative just as much as some of our direct social support projects
– because our Enterprise Initiatives are actually encouraging Romanian’s
to work in a commercial environment that not only helps their own
family, but has the comfort of knowing 100% of the profit goes to the
Smiles Foundation and its Work amongst the poor and needy who we serve
throughout Bihor County.
The Smiles Foundation is sole owner of the
Sminro Business and so all profits are covenanted 100% to Smiles the
charity. A very tax-efficient arrangement!
Please consider sharing the opportunity with
us through one of these 2 Options:
to Smiles Enterprise
(Approved for UK Gift Aid/US Tax Deductible)
An INTEREST FREE LOAN
to Smiles for the Enterprise Initiative Project.
Min 3 Years/Max 10 Years - Loan Term & Repayment Plan by agreement.
This is a very special opportunity to invest
in a Business aiming to provide an annual HARVEST into the ministry work
of The Smiles Foundation.
This means your support, whether by Donation
or Loan, is enabling a regular donation to be made to Smiles through the
profits of Sminro.
As regular as the Harvest.
Confirm your interest or ask your questions
The Smiles Foundation Chief Executive: Kevin Hoy