ARIZONA ROTARY MICROCREDIT PROGRAM-UPDATE
It’s time…and so without further fanfare here is our NEW website; azrotarymicrocredit.com
Yes, we could tell you about all the great information that’s in it, but we are not going to do that-go look and find out about it yourself! And while you are looking it over, if you have been on a Borrowers trip, there is space for you to write up and add your comments. -So Do It!
Speaking about Borrower Trips, our next one is November 14-16 and there are 5 spots left. Join PDG’s Larry Horton, Michelle Holcomb and DG Jim Schmidt along with several hundred other Rotarians that have been on this no cost Rotary trip to meet and interact with our beneficiaries of this project.
So how is the program doing? Let’s-look at it. We started with one Global Grant for $102,000 and then added one for $88,000 and another for $83,000-that’s about $273,000 and then over the last couple of years we added another $100,000 to the program, not quite but close-there is $370,000 and change operating the program. Since this program has started we have tracked over 4 Million Dollars in usage-and that does not even count the secondary impact of this program
Working with our microcredit lending institution (MFI) CrediSilivia we find that we have over 3000 qualified borrowers, in Nogales and Hermosillio that we do not have funding for. So, contact PDG Abe Feder at abefeder1@gmail.com and ask him (or one of the other committee members) to come out to your club to present an exciting, informative Power Point program so that your club can join the others that support this program and change the lives of others that you can go visit.
Wait…there’s more…ask us about the Hermosillo Municipal Economic Development Agency (AMDE) that has asked our MFI CrediSilivia and the Arizona Rotary Microcredit Project to be part of a program that provides 90 days of business training along with an interest free first loan.
Go ahead ask us-after all it's your program…
PDG Abe Feder-Chair
Arizona Rotary Microcredit Program
