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Mobilizing Rotary for Microcredit MRM. Dee Doe La Jolla Sunrise Rotary Club Pauline Lim- Endresen SD Downtown Breakfast Rotary Club. Microcredit and Rotary International. History of District 5340’s Microcredit efforts First 8-Club collaboration in District 5340
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Mobilizing Rotary for Microcredit MRM Dee Doe La Jolla Sunrise Rotary Club Pauline Lim-Endresen SD Downtown Breakfast Rotary Club
Microcredit andRotary International • History of District 5340’s Microcredit efforts • First 8-Club collaboration in District 5340 • Microcredit in India 2003 • 3 Rotarians from, 2 from San Diego Club 33 and 1 from La Jolla Sunrise founded MRM for District 5340
Microcredit andRotary International • RAGM approved in 2007 • Help Rotary Clubs launch microcredit projects, capitalizing on Rotary’s unique strengths
MRM & District 5340 Rotary ClubsCan we get 100% participation?
International Collaborations 2006/2007 Ghana Total $600,000 Funds: San Diego District 5340 MRM ($50,000), Rotary District in Calgary, San Diego-based Foundation, Bill & Melinda Gates Foundation NGO: Opportunity International 2009/2010 Liberia Total $200,000 Funds: San Diego District 5340 MRM, Rotary District in Calgary, Rotary District in Alaska Feed the Hungry Foundation NGO: Foundation for Women in Liberia
International Collaborations 2009/2011 India Total $29,600 RI TRF #: 71746 Funds: San Diego District 5340 MRM, Rotary District 2080 in Italy, Rotary District 3170 in India NGO: BAIF Institute for Rural Development
MRM results Total funds raised since 2003: over $1.2 million
Microcredit in San DiegoFoundation for Women Luz Arreola, 1st loan cycle Jewelry sales and Cisco business training facilitator Irma Knighton, 2nd loan cycle Low fat tamales production and sales
Microcredit in San DiegoFoundation for Women Sandra Romero & daughter, 2nd loan cycle Swiss Just natural wellness products Angelica de la Torre, 8th loan cycle Jewelry sales
Microcredit in San DiegoFoundation for Women City Heights Somali Group Fardowsa and friends, 2nd Loan cycle Production and sales of samosas and Somali food
Microcredit in San Diego Guest speaker, Karla Duarte, teaching the Spring Valley Microcredit group marketing and business management class
Microcredit in Mexico Financiera de Esperanza • Chilapa, Guerrero, Mexico • Host Rotary Club in Chilpancingo • June 2010: Total five loan officers. 2095 borrowers at end of April. • Farm animals: raising chickens to sells eggs in the area; raising goats to sell milk; raising pigs for meat to sell; • Community sewing projects. seamstress; buying; a collaboration of four women to make elaborate dresses to sell to wealth women in Chilapa • Handicrafts, shoes, candles, tortillas, flowers
Microcredit in Mexico Microloan BorrowersAlam & Xochitl with Indigenous Center Meeting
Microcredit in AfghanistanMatching Grant in 2004/05 Encinitas Coastal/La Costa Rotary Club $37,870 RI MG #55095 Microcredit revolving loans in Jalalabad, Afghanistan: Update in 2007: Our grant was the catalyst needed to get our partner, Relief International, to actually become a chartered micro-finance lender in Nangarhar Province. Once they were chartered, they were awarded a $500,000 capital grant by USAID to increase lending activity.
2010/2011 Microcredit projects Honduras (La Mesa Sunrise) $2k Zambia (Chula Vista/Club 33) $10k Cambodia (Encinitas) Honduras (Poway)
Opportunity International Videos from Opportunity International 1) microcredit and microfinance in operation (click) 2) images from around the world. How our support of microfinance is needed (click2)
Thank you & QuestionsMRM Rotary ClubsPlease join us, we need YOU