Matching Grant ApplicationThe Rotary Foundation (TRF)
Please provide the name of the project site, the city or village, state or province, and country. List multiple locations, if applicable.Name of project: Rotary Micro-credit in El Salvador Location: Sonsonate Department & San José Villaneuva Country: El Salvador Describe the project and the problem or need it will address, including the intended beneficiaries and how the project will benefit the community in need. Provide the estimated length of time needed to complete the project.The Rotary Club of North Renfrew has partnered with Club Rotario Noroeste and a partner NGO Micro-finance Institution (MFI) ENTERPRISE MENTORS INTERNATIONAL to re-establish Rotary Micro-credit in El Salvador. In 2008 North Renfrew Rotary invested $5,000.00 USD in 34 businesses. Funding came from the North Renfrew Club, a District Simplified Grant and other Clubs in Rotary District 7040. Club Rotario Noroeste and the MFI have monitored the use of the funds through 3 credit cylcles with 97% success. Additional funds are being sought to expand the operation throughout the Department of Sonsonate and the entire country of El Salavador. North Renfrew Rotary will administer the donations for International Clubs. The host Club and the MFI will provide regular reports on the Micro-banks. The need is great. We can make a difference in the lives of families living in poverty. ***We are looking for additional capital to open a second Bank in the community of San José Villaneuva (12,000+ population) as part of a multi-club, multi-year sustainable community Program with our partner NGO Epilogos. We are looking for support in the range of US$1,000 - 2,000 per club. Which priority area of Rotary's work does this apply to?: Micro Credit, Is this a new project/programme:
Primary Club/District: D Club ID number (if known): District Country: Primary ContactWho from the host organisation are overseeing the carrying out of this project/programme?Project Lead: Other Project Contacts:
|