Microcredit
Is The Gift that keeps on giving
“Capitalism, it turns out, can achieve what charity and good intentions
sometimes cannot.”
Nicholas Kristof & Sheryl WuDunn in Half The Sky, Turning Oppression into Opportunity for Women
Worldwide
The Grameen Bank story:
Professor Dr. Mohammad Yunus Founded Grameen Bank, Bangladesh, 1976 Nobel Peace Prize in 2006 Began with $27 loaned to 42 women
• to buy straw to make baskets Over US$7Billion loaned, over 7million borrowers ~ 5% borrowers move out of poverty each year Repayment rate better than 95% Mostly women borrowers; children beneficiaries Creating, supporting Entrepreneurs & Future
Leaders
Microcredit & Rotary Int’l
Eliminating poverty through the provision of microfinance
Help Rotary Clubs launch more microcredit projects, capitalizing on Rotary’s unique strengths
Rotary Clubs & MRMwe need your continued participation
Brawley El Camino Real La Mesa Rancho Bernardo Sunrise
Calexico Encinitas La Mesa Sunrise Rancho Santa Fe
Camp Pendleton Encinitas Coastal Lemon Grove San Diego (Club 33)
Carlsbad Escondido Mission BaySan Diego Downtown Breakfast
Carlsbad Hi-Noon Escondido East Mission ValleySan Diego Uptown Sunrise/Mid City
Chula Vista Escondido Sunrise National City San Luis Rey/Oceanside
Chula Vista Sunrise/Bonita Fallbrook Oceanside San Marcos
Coronado La Jolla Old Mission Shelter Island
Del MarLa Jolla Golden Triangle Point Loma Southeast San Diego
Del Mar-Solana Beach Sunrise
La Jolla New Generations Ramona Torrey Pines La Jolla
El Cajon Noon La Jolla Sunrise Rancho Bernardo
Microcredit projects byRotary Clubs in District 5340
Rotary Year
Country, $$$ raised in our District
Rotary Club(primary sponsor)
2003/04 India $20,000 8 Rotary Clubs
2004/05 S. Africa $25,000Zambia $15,000Ecuador $18,000Afghanistan $37,000
La JollaLa Jolla SunriseLa Mesa SunriseEncinitas Coastal
2005/06 Ecuador $20,000India $25,000Niger $24,000
La Mesa SunriseLa Jolla SunriseLa Jolla Sunrise
2006/07 Uganda $25,000India $13,000Sri Lanka $25,000
San MarcosDelMar/SolanaB SunriseDel Mar
Microcredit projects byRotary Clubs in District 5340
Rotary Year
Country, $$$ raised in our District
Rotary Club (primary sponsor)
2007/08 Liberia $24,000Zambia $24,000Ecuador $18,000Kenya $24,000Ghana $600,000
La Jolla SunriseLa Jolla SunriseLa Mesa SunriseSan Diego (33)MRM
2008/09 Nepal $25,000Mexico $69,000Ecuador $18,000
EncinitasSan Diego (33)La Mesa Sunrise
2009/10 Liberia $200,000 La Jolla, MRM
2010/11 Honduras $2k, Uganda $5k, Zambia $10k, India $10k, Niger $10k
La Mesa, Club 33, La Jolla Sunrise, Golden Triangle
International Collaborations2006/2007 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
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)
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
2010/2011 Microcredit projects
Honduras (La Mesa Sunrise) $2k Uganda (San Diego) $5k India (La Jolla Sunrise) $10k Zambia (SD/Chula Vista) $10k Niger (Golden Triangle) $10k
Videos from our District website
Miracles of Microcredit
http://www.rotary5340.org/international/microcredit.html
Rotarians Action Group on Microcreditwww.RAGM.org
Introduction to Microfinance/Microcredit www.WhyMicrofinance.com
Thank you & Questions
Rotary Clubs & MRMPlease join us, we need YOU
Brawley El Camino Real La Mesa Rancho Bernardo Sunrise
Calexico Encinitas La Mesa Sunrise Rancho Santa Fe
Camp Pendleton Encinitas Coastal Lemon Grove San Diego (Club 33)
Carlsbad Escondido Mission BaySan Diego Downtown Breakfast
Carlsbad Hi-Noon Escondido East Mission ValleySan Diego Uptown Sunrise/Mid City
Chula Vista Escondido Sunrise National City San Luis Rey/Oceanside
Chula Vista Sunrise/Bonita Fallbrook Oceanside San Marcos
Coronado La Jolla Old Mission Shelter Island
Del MarLa Jolla Golden Triangle Point Loma Southeast San Diego
Del Mar-Solana Beach Sunrise
La Jolla New Generations Ramona Torrey Pines La Jolla
El Cajon Noon La Jolla Sunrise Rancho Bernardo