APPROACH AND ToC | laposadadeocu

Theory of Change (ToC)

Theory of Change: suggested intervention to bring results to La Posada de Ocú.

Create a Patronato with its Board of Directors for La Posada de Ocú

To serve as an sustainable place to do business, socialize and enjoy Ocú´s famed hospitality, history and folklore.

Transfer shares for building and land rights to Patronato

Central government funds to restore La Posada

Business model set up:

Administration and Organization

d

Indicators (Interventions) for Preconditions:

A

b

c

Assumptions (External Factors)

A.1 Creation of a Patronato by Panamá´s National Legislature to administer, conserve and protect the facilities of its business, cultural and social complex and the assets entrusted to it.

A.2 Selection of the Patronato`s Board of Directors

Time frame: 18 months

B.1 Obtain approval of all shareholders to transfer their shares for the physical building of La Posada to the Patronato at a symbolic/no cost.

B.2 Transfer the land deed where La Posada stands from the Ocú Municipality to the Patronato at a symbolic/no cost.

Time frame: 6 months

C.1 Secure funding from Panama´s central government for the restoration of La Posada (approximately: US $ 500,000).

Time frame: 12 months plus 12 months for refurbishment.

D.1 Create a social enterprise framework, including projected revenues/expenses, financing, target customer base and marketing strategy

D.2. Raise the required funds to meet start up costs.

Time frame: To be accomplished during the projected 12 month refurbishment.

A positive climate for political/economical commitment from the National Government and the Municipality of Ocú in order to safeguard an important heritage building in a financially sustainable way.
Maintenance of consumer trends towards locally sourced food/materials and experience tourism.

Narrative (Logic Model)

If a Patronato for La Posada de Ocú is created to control and manage its land and building assets, it will be able to negotiate with Panama´s government the required funding to restore this structure and organize and complete a working business model, that will allow La Posada to serve as a sustainable location to do business, socialize and enjoy Ocú´s famed hospitality, history and folklore.

Time frame

La Posada will be fully operational in a four-year time frame (48 months).

Although it might be considered as lengthy, it takes into accournt normal wait times for Panamanian bureaucracy to operate.