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The provision of a small loan for those who are too poor to have access to conventional financial services

Micro Loans - a hand up not a hand out!


Our schemes in Sri Lanka continue to prosper.  The original funds sent to RC Galle and RC Kandy in early 2005 after the tsunami remain virtually intact though the Galle Club decided in mid 2011 that their funds were not being sufficiently utilised and so agreed to transfer £1950 to Kandy.  RC Kandy received another £2000 in February 2011 from RC Skipton to aid victims of the major floods in the Batticaloa area restart businesses.  The reporting club in D1040 is RC Skipton.

The first new scheme of the last Rotary year was launched through the Rotary Club of Kampala West, Uganda in November 2011.  The Club are working with the Uganda Youth Empowerment Scheme to provide loans to the village of Kawempe, a northern suburb of Kampala.  The District connection with this Club is through their member, former GSE Team Leader, Sam Bwaya.  The lead Club in D1040 is Bradford Bronte and the 'seed' fund was £2000.  A member of RC Dewsbury visited Uganda in June and saw the scheme facilitator.  It is possible that RC Dewsbury will take over the lead of this scheme as they have a more hands-on capability.

Our second scheme went live in May this year and is in Kenya, through the Rotary Club of Nairobi Industrial.  RC Skipton Craven has an on-going project in the village of Kayole to assist an orphanage and school.  The gap between school and university leads to many pupils dropping out into gangs or prostitution so a Micro Loan scheme to help youngsters make a start in business is proposed.  The start ups will be mentored by the Nairobi Club, the Chase Bank and the school staff.  Personal contact with the village is made half yearly by a Skipton Craven member and this Club will be the lead Club for reporting.  Once again the 'seed' fund was £2000.

 

The final scheme of the last Rotary year commenced in Nepal during June.  RC Pokhara Fishtail received their seed fund of £2,000 and RC Bingley Airedale is the D1040 contact.  Advice on their suitability was obtained from a RC Dronfield member who has visited Pokhara on a number of occasions and knows the team there quite well. 


Just to remind everyone the basis that these loans are granted is quite simply:-

  • No interest is charged
  • No security is taken
  • No legal action will ensue in the event of default

We need your help to raise the "seed" funds for proposed new schemes, as stated above the loans are relatively small amounts but £100 from every Club in our District would secure a number of new schemes.  A small amount of money goes a long way in the third world – help the people to help themselves.

 

 

Grateful thanks to the following Rotary Clubs for their support Skipton, Leeds, Aireborough, Bradford Bronte, Bradford West, Denby Dale, Harrogate, Wetherby, Keighley, Bingley, Otley, Haworth & W V, Sowerby Bridge, Skipton Craven, Wakefield, Knaresborough, Horbury & Ossett, Heckmondwike, Helmsley, Calverley, Dewsbury & many individuals.

7/3/13 Click on  A YouTube film that shows the benefits of Micro Loan Schemes. This is NOT the D1040 operator.If you know of a likely overseas Club that would join our scheme, please contact Peter Warburton

For further information contact Peter Warburton at peter.warburton@skiptonrotary.org  

Peter Warburton

RC Skipton
D1040 Micro Loan Co-ordinator

August 2012

 

 

shows the benefits of Micro Loan Schemes.  This is not the D1040 operator.  If you know of a likely overseas Club that would join our scheme please contact Peter Warburton at peter.warburton@skiptonrotary.org 
 

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