Project Summary

Malawi - Northern Malawi

[71] Micro-credit fund for Malawi

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Project value: 100000 GBP
Funding sought: 52000 BWP
Project status: Active, seeking further funds

Status Dates

Date project entered into database: 2010-01-26 12:35:30

The project has been established by the Rotary Club of Burnham Beeches, in the UK, and the Rotary Club of Lilongwe, in Malawi. The Rotary Club of Burnham Beeches will liaise with the OIUK to ensure the formation of the trust banks in Malawi. The Rotary Club of Lilongwe will work with the OIBM to ensure the compliance with the operating procedures with the requirements of the project. The cooperating organization will be Opportunity International UK, (OIUK) based in Oxford UK within District 1090. OIUK operates in Malawi through its bank, Opportunity Bank of Malawi (OBIM). The target is £100,000 over three years. After 2 years £47,000 has been contributed to the project. Several trust groups will be established.

Failure of matching grant schemes will probably mean that the target will not be reached.

Primary Host Partner in the Project Country

Club: Lilongwe

Primary International Partner outside the Project Country

Club: Burnham Beeches
Project Coordinator:
Champions:

Other Information

Project selection criteria:
A number of like-minded Rotarians were inspired to get a project moving
Sustainability of the project:
Yes, the use of Opportunity International as chosen partner means that the scheme is well managed andd sustainable
Description of the community where the project is to be located:

Malawi villages earn about $1 per day. There are several villages in which trust groups can be established. The selection of villages is dependent on research by Opportunity International and overseen by local Malawi Rotarians

Record added: 2010-01-26 12:35:30 by Paul ROGERS, Faringdon & District