P-34

Zambia Microcredit Support

Description

Financing

Documents

Photos

History Logs

Project Description

Country: Zambia

Location: Lusaka

Total Budget: $10,000

Area of Focus: Economic and community development

Activity Type: Community Development: General

Summary: Microcredit project in Lusaka, Zambia


The intent of this project is to provide support to impoverished Lusaka, Africa women who are serving as caregivers to children (mostly AIDS/HIV orphans) in the Kuunika Lutheran Community School and elsewhere. Details will be available after Bink Cook and Ellen Casey (both are members of San Diego Rotary Club) return from their pending trip to Lusaka. The project likely will center on providing microcredit loans, enabling the women caregiver/entrepreneurs to start small businesses. Small loans (about $50 each) will benefit 150 - 200 women, or about of 750 - 1000 individuals, including family members. A nongovernmental organization (NGO) in Lusaka with experience in microcredit programs has been identified.

This project addresses economic and community development, and will help the participants identify and learn to run a business, generate income for their families, bolster their self-esteem, and contribute positively to the community as a whole.

Several 5340 district clubs will collaborate on this project through MRM (Mobilizing Rotary for Microcredit). The Kusinta Rotary Club in Lusaka will also be involved.

Project Contact Person

District: 5340

Rotary Club of: Chula Vista

Primary Contact: Duane Buckingham

Email: qltyfin@aol.com

Project Status

Completed
This project is "Completed". This means the project has been implemented and the report was accepted by the district leadership. The project will stay listed on this website as a testimony of the achievements of the project partners.

Project listed for the 2010-11 Rotary Year.

Proposed Financing

Existing Contributions Towards This Project

Date

Cash

DDF

Total

Chula Vista (5340)

29-Apr-10

$6,000

$4,000

$10,000

Total

$6,000

$4,000

$10,000

Project Supporting Documents


[17-May-12]
Bank Stmt


[17-May-12]
Borrowers list & Plan


[29-May-12]
Final Report

 

Project Photos

Microcredit Rotary 5340 Project P-34

Group Leaders

History Log Entries

29-Apr-10

System Entry

Creation of project page.

30-Apr-10

System Entry

Project sent for club signatures.

30-Apr-10

System Entry

Project signed by Duane Buckingham.

30-Apr-10

System Entry

Project signed by Lisa Johnson.

1-May-10

System Entry

Project signed by Suzanne Catanzaro.

3-May-10

System Entry

Project approved by the District Approval Committee

19-Sep-10

System Entry

Check for DDF payment issued by Foundation Treasurer.

15-Mar-11

System Entry

Project has been implemented and final report uploaded.

16-Mar-11

System Entry

Project reverted to 'Paid' status.

29-Mar-11

by Duane Buckingham

This project has not been completed. The project is 100% funded. Kusinta Rotary Club will be the “host club” The Matero Care Center the NGO (nongovernmental organization) has had a meeting with 34 women who are interested in getting the loans. There will be 40 loans at $100 each for a total of $4,000. We are waiting instructions on how to send the money to the Kusinta Rotary Club.

13-Sep-11

by Duane Buckingham

Loans of $100 each have been given to 40 women in the program

17-Mar-12

by Duane Buckingham

Of the 40 loans that were made, 26 have been repaid and the other 14 are expected to be paid soon. We seem to have improved communication with the contact in Zambia

17-May-12

by Duane Buckingham

On August 17, 2011, loans of $100 each were made to 40 women borrowers. They met weekly and made loan repayments, plus interest. To date, 32 of the women have successfully completed their first round of loans (repaid with interest), and on April 25, 2012, they each received a second loan of $100 each. They will be be making weekly payments of $4 each to repay the loan, with interest.

29-May-12

System Entry

Project has been implemented and final report uploaded.

29-May-12

System Entry

Final report approved by the District Approval Committee.

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