G-1018

Guatemala Micro-finance

Description

Financing

Documents

Photos

History Logs

Project Description

Region: Central America

Country: Guatemala

Location: Huehuetenango

Total Budget: $46,250

Area of Focus: Economic and community development


Microfinance Committee of San Diego Rotary Club 33 Funding Request for Guatemala Microfinance Project" Administered by Earth's choice and Women of Coffee Microfinance (WCMF)

September 2015

Earth's Choice/Woman of Coffee Microfinance (WCMF)is requesting $50,000 to grow it's Microfinance programs in Guatemala to be administered by the International Women's Coffee Alliance (IWCA) country chapter, and Rodrigo Barillas, member of Rotary Club _____

Earth's Choice/ Women of Coffee Microfinance has partnered with the (IWCA), to provide loans to women entrepreneurs who are creating or expanding their businesses. The objectives are to 1) increase their skills and income, 2) improve food security and 3) protect their coffee forests. We are using the proven Grameen Bank microfinance methodology to bring critical stability to women, their families and communities as these female entrepreneurs build profitable and sustainable businesses. The funds will provide seed money for a revolving loan fund to the IWCA Guatemala Chapter. Women coffee producers will have access to low interest group loans and pre and post-loan financial literacy and business training. The program targets women who have proven themselves as specialty coffee producers but who do not have access to financial services. We give women the opportunity to successfully manage a small loan from $200 to $400 in a group setting. One hundred percent of loans have been repaid so far, giving the women the skills and business background to take on larger loans.

IWCA consists of 18 chapters throughout Africa and Central America. These chapters consist of women producers, entrepreneurs and various representatives of the coffee industry. Earth's Choice was an early pioneer of organic fair trade coffee, whose CEO Karen Cebreros, is also co-chair of the Microfinance Committee of San Diego Rotary Club 33. It has become apparent to Earth's Choice that fair trade alone is not doing enough to ease poverty in coffee growing regions around the world. Accordingly, Earth's Choice helped organize Women of Coffee microfinance (WCMF), a 501(c) (3) that, among other things, provides microfinance loans to women coffee growers. WCMF started making loans in 2012 with the ADIESTO coffee cooperative in Huehuetenango Guatemala. To date, the loan recipients have repaid their loans 100% and have grown the portfolio by 10 %. Also in Guatemala, Earth's Choice is part of a partnership between Rotary International, Rotary Guatemala and WAKAMI to provide in-kind loans to rural women jewelry makers. WAKAMI lifestyle jewelry is made by some of the "poorest of the poor" and is sold in 25 countries around the world.

In September 2014, Earth's Choice began a partnership with a women's coffee cooperative "MASICH" in Chiapas Mexico to expand their textile factory. Earth's Choice has made another pioneering step by signing a "Memorandum of Understanding" with the International Women's Coffee Alliance to provide loans for IWCA chapters in 18 countries. Under this MOU, WCMF opened it's 1st loan programs in April 2015 with "Alianza de Mujeres en Café de El Salvador" (AMCES)." Alianza de Mujeres en Café de Colombia" (ALMUCAFE), is scheduled to open in October, 2015.

Problem. Small holder women coffee producers do not have access to affordable financial services; do not have consistent income streams and lack sufficient business skills to manage a loan and a growing business. The "poorest of the poor" in Latin American countries or those who live on less than $4.00 a day, 40% of who are women. These women coffee producers in Latin America are greatly affected by many issues such as deforestation, migration to urban areas for low paying jobs, drug trafficking, political unrest, land mines left from civil war and a current outbreak of Hemileia vastatrix or "coffee leaf rust" (la roya) that has reduced coffee production in Mexico and Guatemala by 40 - 65% respectively.

With these funds WCMF will be able to assist approximately 400 families

Primary Host Partner

District: 4250

Rotary Club of: Guatemala de la Ermita

Primary Contact: Maureen Gray

Email: rbarillas@rotaryermitas.org

Primary International Partner

District: 5340

Rotary Club of: San Diego

Primary Contact: Maureen Gray

Email: rbarillas@rotaryermitas.org

Project Status

Approved
This project is "Approved". This means the application has been approved by The Rotary Foundation, and the project is ready for implementation.

Project listed for the 2016-17 Rotary Year.

The TRF Grant application number is #1752790.

Proposed Financing

Existing Contributions Towards This Project

Date

Cash

DDF

Total

Escondido (5340)

28-Sep-15

$2,000

$2,000

$4,000

San Diego (5340)

10-Dec-15

$5,000

$2,000

$7,000

El Cajon Sunset (5340)

1-Jan-16

$6,000

$6,000

$12,000

San Diego Downtown Breakfast (5340)

1-Jan-16

$4,000

-

$4,000

Guatemala de la Ermita (4250)

1-Jan-16

$500

-

$500

Amount Requested from The Rotary Foundation

$8,750

$10,000

$18,750

Total

$46,250

Note: as of July 1, 2015 there is a 5% additional support fee for cash contributions. This fee does not appear in the financials above because it does not apply if the funds are sent directly to the project account (without going through TRF, and therefore without Paul Harris credit). Clubs sending their cash contribution to TRF must be aware they will have to send an additional 5%.

Project Supporting Documents

Project Photos


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History Log Entries

31-Aug-15

System Entry

Creation of project page.

28-Sep-15

System Entry

Pledge of $2,000 by Johnny Watson of the Rotary Club of Escondido, District 5340.

10-Dec-15

System Entry

Pledge of $31,334 with $5,000 DDF by Maureen gray of the Rotary Club of San Diego, District 5340.

10-Dec-15

System Entry

Project is now "Fully Pledged".

10-Dec-15

System Entry

Project reverted to "Published".

10-Dec-15

System Entry

Pledge of $5,000 by Maureen gray of the Rotary Club of San Diego, District 5340.

21-Dec-15

System Entry

Pledge of by Maureen gray of the Rotary Club of San Diego, District 5340.

31-Dec-15

System Entry

Pledge of $26,334 with $2,000 DDF by Johnny Watson of the Rotary Club of Escondido, District 5340.

31-Dec-15

System Entry

Project is now "Fully Pledged".

1-Jan-16

System Entry

Pledge of $6,000 with $6,000 DDF by Richard Makau of the Rotary Club of El Cajon Sunset, District 5340.

1-Jan-16

System Entry

Project reverted to "Published".

1-Jan-16

System Entry

Project is now "Fully Pledged".

1-Jan-16

System Entry

Pledge of $2,000 with $2,000 DDF by Karen Cebreros of the Rotary Club of San Diego Downtown Breakfast, District 5340.

1-Jan-16

System Entry

Pledge of $5,000 by Maureen Gray of the Rotary Club of Guatemala de la Ermita, District 4250.

11-Jan-16

by Marge Cole

Rotary District Foundation Committee approved $6000 DDF match to El Cajon Sunset; $2000. to San Diego Downtown Breakfast Club; $2,000. to Escondido Club on January 11, 2016 for this grant.

18-Apr-16

System Entry

Application Sent to The Rotary Foundation through Member Access.

11-Jul-16

by Maureen gray

The final total budget amount of this grant is $47,750

The finance page needs to show an Additional 1,000 that has been pledged by the Chula Vista RotaryClub. I am not able to add it to the finance page due to technical difficulties. Will adjust as soon as possible.

The 47,750 is the final amount submitted to RI

Thank you so much,

maureen gray

21-Aug-16

by Maureen gray

Great news: Our project has received Approval from Rotary International.

17-Nov-16

by Maureen gray

System Entry: Application approved by The Rotary Foundation.

28-Feb-17

by Maureen gray

Guatemala de la Ermita/Rodrigo Barillas, our host Club dropped out at the last minute. We have secured a new partner, Club Nueva Guatemala. Our contact is Jesus Palomo. I am redoing the Global Grant application to reflect the change, and will be submitting it today. We are excited about working with our new Rotarian partners.

22-May-17

by Maureen gray

We received Final Approval from TRF on May 2nd. We should be fully funded any day.

Maureen

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