G-2686

Microcreditos South of Sonora

Description

Financing

Documents

Photos

History Logs

Project Description

Region: North America

Country: Mexico

Location: Navojoa

Total Budget: $74,300

Area of Focus: Community economic development




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Proposal Form

NEED IDENTIFIED:

Marginalization in Southern Sonora: Cajeme, Álamos, Navojoa, Etchojoa, Benito Juarez and Huatabampo in Sonora

Among the causes that multiply marginalization and make it a vicious circle, we can mention the following:

1.-Disinterest on the part of the population in integrating into the economy, taking advantage of available resources and in other cases, lack of support for people who are driven to create and manage projects

2.-Lack of strategic development orientation with a participatory approach to rural areas in all its stages.

3.-Lack of real involvement of social actors in an orderly and strategic way in accompanying the lagging areas to the change of mentality towards entrepreneurship, take advantage of available resources in a sustainable way, solve their problems as a community and self-manage their development.

HOW THE PROJECT WILL MEET THOSE NEEDS:

The Microcredits program with GRAMEEN DE LA FRONTERA seeks to create sustainable development in the rural regions of southern Sonora

The Program is presented as a long-term non-welfare development strategy that seeks to develop self-management capacities for development of families by offering:

1.-Microcredits.- Through this program, the institution has a microfinance institution that allows it to grant loans to women entrepreneurs.

2.-Financial Education.-We provide financial education for families to make adequate use of their resources. As a special program, we provide financial education to children from 4 to 12 years old as part of the core activities of the summer camp.

3.-We provide advice and guidance for new business ideas and ongoing businesses in rural areas who want to professionalize their activity

HOW THE FUNDS WILL BE USED:

Funds will be used to extend finance around 281 women that are in the GRAMEEN Microcredits program.

HOW CLUB MEMBERS WILL BE INVOLVED:

Rotarians will monitor and auditing the results of the Microcredit program

Primary Host Partner

District: 4100

Rotary Club of: Navojoa

Primary Contact: Hector Iduma Valdez

Email: hector.iduma@carrier.com

Primary International Partner

District: 5340

Rotary Club of: Del Mar-Solana Beach

Primary Contact: Fernanda Torres

Email: fernandatorresg@msn.com

Project Status

Need $1,500
This project needs to receive some pledges to go to the next level. Please check the "Financing" tab to see the list of current pledges. Once the amount pledged is equal to the project budget, the status of the project will be automatically changed to "Fully Pledged".
Click here to pledge support for this project.

Project listed for the 2020-21 Rotary Year.

Proposed Financing

Existing Contributions Towards This Project

Date

Cash

DDF

Total

Navojoa (4100)

21-Feb-21

$1,000

$0

$1,000

District 4100 DDF

5-May-21

-

$5,000

$5,000

District 4130 DDF

5-May-21

-

$30,400

$30,400

Del Mar-Solana Beach (5340)

5-May-21

$1,000

$0

$1,000

Remaining Amount to Raise

Additional Club Contribution (Needed) - Add a contribution

$1,500

-

$1,500

Amount Requested from The Rotary Foundation

-

$35,400

$35,400

Total

$74,300

DDF contributions in grey are pending approval of the corresponding district committee.

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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Go to the administration page to upload photos.

History Log Entries

21-Feb-21

by Hector Iduma Valdez

Entry of Microcredit South of Sonora project

21-Feb-21

by Hector Iduma Valdez

System Entry: Creation of project page.

27-Feb-21

by Hector Iduma Valdez

Change budget numbers from $115000 to $70250

28-Mar-21

by Hector Iduma Valdez

New contribuitions added to the Grant

5-May-21

by Hector Iduma Valdez

System Entry: Pledge of $5,000 DDF by Hector Iduma Valdez of the Rotary Club of Navojoa, District 4100.

5-May-21

by Hector Iduma Valdez

System Entry: Pledge of $1,000 by Hector Iduma of the Rotary Club of Del Mar-Solana Beach, District 5340.

5-May-21

by Hector Iduma Valdez

System Entry: Pledge of by Carlos Sandoval of District 4130.

5-May-21

by Hector Iduma Valdez

System Entry: Project is now "Fully Pledged".

5-May-21

by Hector Iduma Valdez

System Entry: Project reverted to "Published".

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