Project Description Country: Cambodia Location: Phnom Penh/Pursat Total Budget: $20,000 Area of Focus: Economic and community development Activity Type: Community Development: General Summary: 65 microloans for poor mothers in Cambodia (Phnom Penh City & Town of Pursat ) Through the "Microloans For Mothers" progam at two schools in Cambodia it's been demonstrated that there are mothers who can significantly improve their quality of life (and that of their families) through obtaining a small loan, with which they can start a simple business. This need is met by the issuing of a $100, $150 or $200 loan that is paid back, with interest, over a 6-month period. We propose giving 65 microloans over a period of 18 months. There would be three 6-month loan cycles from July, 2011 through December 2012. The first loan cycle has had 30 loans funded in amount of $3,250. (now in progress), and the second will have 45 loans issued (starting in January, 2012, and the third cycle will have 65 loans. The director of the project, Encinitas Rotarian, Niels Lund, recently visited Cambodia and gave presentations to the Rotary Clubs of Phnom Penh and Pursat, which will be connected to the project in 2012. $13,000 is allocated only for loan principal with administration costs being paid $4,000 Class Act and $3,000 Encinitas Rotary Club. MRM and District grant funds will be used only for loan principal. Class Act will provide additional funds next year for administrative costs. District funds (3,000), the club contribution (8,000), and the MRM Committee (5,000) , (4,000) by Class-ACT (the non-profit organization managing "Microloans For Mothers"). Project Contact Person District: 5340 Rotary Club of: Encinitas Primary Contact: Verne Scholl Email: vernescholl@yahoo.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 2011-12 Rotary Year.

Proposed Financing Existing Contributions Towards This Project Date Cash DDF Total Encinitas (5340) 19-Aug-11 $17,000 $3,000 $20,000 Total $17,000 $3,000 $20,000

Project Supporting Documents Alphabetical with icons By date with icons Alphabetical list format By date list format [9-Dec-11] Administration Detail [9-Dec-11] Budget [22-Mar-12] Existing Clients' Progress [4-Aug-12] Final Report [4-Aug-12] Financial Statement [30-Mar-12] Interim Report [30-Mar-12] Interim Report Financial Statement [1-Sep-11] July Progress Report for 15 Mothers [7-Jun-12] June Interim Financial Report [7-Jun-12] June Interim Report [22-Mar-12] New Clients Recieve Loans [9-Dec-11] Principal Detail [7-Jun-12] Sample Commnets from clients [1-Sep-11] The Program Process

Project Photos

History Log Entries 19-Aug-11 System Entry Creation of project page. 1-Sep-11 by Verne Scholl Niels lund, the project director, will be travelling to Cambodia this October (2011) to review, supervise and expand the project. 6-Dec-11 System Entry Pledge of $3,000 by Verne C. Scholl of the Rotary Club of Encinitas, District 5340. 8-Dec-11 System Entry Pledge of $9,000 by Verne C. Scholl of the Rotary Club of Encinitas, District 5340. 11-Dec-11 System Entry Project is now "Fully Pledged". 11-Dec-11 System Entry Project sent for club signatures. 11-Dec-11 System Entry Project signed by Verne C. Scholl. 12-Dec-11 System Entry Project signed by Gregory Harris. 22-Dec-11 System Entry Project approved by the District Approval Committee. 22-Jan-12 System Entry Check for DDF payment issued by Foundation Treasurer. 14-Feb-12 by Verne Scholl The first loan cycle was completed at the end of December 2011 with 100% of the loans repaid in full. The second 6-month cycle started in January 2012 with $4,300 in loan principal issued to 35 mother clients. A new loan group of 5 mothers has been added to the original facility. Also, we've added a brand new facility in Sre Spuey, a rural community to the North of Phnom Penh. Mothers who completed one loan cycle successfully have received a new loan of $200, while "first-time" clients received a $100 loan. M4M staff in Cambodia have submitted the January progress report on each mother's business, along with recent photos taken at meetings and at the business locations. We have comments from each mother client indicating their enthusiasm and thanking us for the loan. 22-Mar-12 by Verne Scholl Please see the March updates on the "Documents" tab - "Existing Clients' Progress" and "New Clients Receive Loans". 30-Mar-12 by Verne Scholl The Interim Report and Interim Financial Statement has been uploaded to the grants website 7-Jun-12 by Verne Scholl The second loan cycle will conclude at the end of June, 2012. To date 75 loans have been issued, and the number of mother clients served stands at 63. We have a repayment rate of 100% on loans due. 4-Aug-12 System Entry Project has been implemented and final report uploaded. 4-Aug-12 System Entry Final report approved by the District Approval Committee.