Investment Project: RCCS Romania

Proton recently sought to raise sponsorship for the Romanian Center for Cross-Cultural Studies (RCCS) in Constanta, Romania.

The Mission School had a need of a €60,000 loan in order to complete the renovations and refurbishment of their facility for the Fall intake of students. This project as you will see below has incredible potential for the generation of cash to help maintain the School, so this was a viable and stable investment that will see leaders empowered, workers equipped and be a well placed facility for other events. We are excited to tell you that we were able to raise the €60,000 loan that was needed. We received €15,000 through partnership with individuals and companies that responded to the opportunity whilst Ian was in Australia recently and €45,000 from the Proton Foundation’s Entrepreneurial Fund.

About RCCS

In 1996 Dobrogea Mission and Evangelization School was established in Constanta (SMED). Initially, students only attended classes for six months. Then in 2000, a major new objective was implemented and SMED was renamed Romanian Center for Cross-cultural Studies (RCCS). 2001 saw the first graduating class of eleven students who had attended daily classes for six months.

The Investment Project

The project is for the freehold ownership and refurbishment of the RCCS Center. The Center since purchased has increased in value to €500,000. They required a €60,000 loan for three years to complete. They had obtained €15,000 towards this but still needed €45,000. Along with this loan, they have raised €300,000 (donations) so they are well underway with achieving the overall goal. The RCCS needed the loan urgently in order to complete all the work that was needed in order to start to gain rental revenue this year coupled with the upcoming student intake. The college will have the ability to rent 40 beds for 18 weeks in the year. They estimate they will have a profit of €5 per bed per day. This equates to €25,200. Partnering organisation Next Level International are confident that with Short Term Mission teams and Conferences the total NLI usage will equate to 80% of available time. This will produce €20,000 at today profit on a twelve-month cycle. The Mission School is a part owner of a property shared by the local church. The estimated share in the property value is €135,000. When this property is sold it will release some extra cash that could pay back the loan sooner than the 36 month period.

Project Outcomes

1. The Mission School will be fully functional
2. It will provide a fresh revenue stream for the School.
3. It will give stable prices for the STM teams coming into Romania for the next decade.
4. It will give a reasonable place to train church planters and leaders for the foreseeable future.

Endorsements

The whole project is endorsed by the local Pentecostal denomination and is overseen by Bishop Ghita Ritisan.