Microfinance: Interest to Action Part 3 of 5
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This document discusses why engaging with Rotary is important and the efforts of the Rotary Foundation to improve health, support education, and alleviate poverty globally. It outlines the Foundation's grant model and focus areas of peace, disease prevention and treatment, water and sanitation, maternal and child health, basic education and literacy, and economic development. Specific examples are given of microfinance projects funded in Africa and South Asia, including clean water wells, eco-toilets, health camps, fruit trees, roads, electricity, literacy programs, vocational training, and loans to support activities like tailoring and raising chickens. Oversight of funded projects is also emphasized.
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Microfinance: Interest to Action Part 3 of 5
- 1. WHY EngagE RotaRYWHY EngagE RotaRY??
- 2. In Africa & South AsiaIn Africa & South Asia ~ 3.2 Billion~ 3.2 Billion
- 3. 7 Billion 3.3 B < $2/DaY3.3 B < $2/DaY 2.7 Billion2.7 Billion 27 Million/YEaR27 Million/YEaR PovERtYPovERtY
- 4. tHEtHE RotaRY FounDation’sRotaRY FounDation’s EFFoRtEFFoRt Doing Good in the WorldDoing Good in the World …to enable Rotarians to advance world understanding, goodwill, and peace through the improvement of health, the support of education, and the alleviation ofthe alleviation of povertypoverty
- 5. CHangE in gRantCHangE in gRant MoDElMoDEl ANNUAL PROGRAMS FUND 50% 50% District Designated Fund World Fund SHARE Global GrantsDistrict Grants Other (Cash, DAF, Permanent Fund) 50% (max) 50% (min)
- 6. New GraNt ModelNew GraNt Model Achieve SustainableAchieve Sustainable ResultsResults Of the 6 Areas of FocusOf the 6 Areas of Focus Peace Conflict Prev. & Res. Disease Prev. Treatment Water & Sanitation Maternal & Child Health Basic Ed & Literacy Economic Comm. & Dev
- 8. 0 Clean Water Wells – 600’ to 1000’0 Clean Water Wells – 600’ to 1000’ Water & SanitationWater & Sanitation New Source of waterNew Source of water
- 9. 400400 Eco – ToiletsEco – Toilets One Per Joint FamilyOne Per Joint Family have iNStalledhave iNStalled
- 10. Health Care CampsHealth Care Camps Disease Prevention & Treatment Maternal & Child Health ProvidiNG PeriodicProvidiNG Periodic
- 11. RecipientRecipient Economic & Community Developmen 10,000 Fruit Trees10,000 Fruit Trees Have PlantedHave Planted
- 12. Built RoadsBuilt Roads Economic & Community Development Electric PolesElectric Poles Have ProvidedHave Provided
- 13. adult literacyadult literacy initial First steP!initial First steP! Basic Education & LiteracyBasic Education & Literacy Education In Bengali, English &Education In Bengali, English & Accounting
- 14. Vocational Training ForVocational Training For MothersMothers Economic & Community Development MDG #3 Providing earning caPabilitiesProviding earning caPabilities
- 15. Loans to Women OnlyLoans to Women Only MicroFinance PrograMMicroFinance PrograM $100/Tailor$100/Tailor $75/Dozen Chicks
- 16. A Lot of oversight!A Lot of oversight! Deepa Walking the VillageDeepa Walking the Village Jayanta’s Warning!Jayanta’s Warning!
- 18. Micro finAnce integrAL pArtMicro finAnce integrAL pArt of…of… Creating This ImageCreating This Image For Our Planet!For Our Planet!
Notes de l'éditeur
- Continuation of leadership [will await Leadership outline to use for reference] [#87967200]
- Continuation of leadership [will await Leadership outline to use for reference] [#87967200]
- Early in the process, the Trustees—through recommendation from the Future Vision Committee—adopted the motto, mission statement, and priorities, which were approved and endorsed by the RI Board and the 2007 Council on Legislation. The Rotary Foundation’s new motto and mission are: READ FOR THE AUDIENCE Note that some words in the mission are underlined. The committee and trustees used these key words as the basis for the Foundation’s future focus.
- Now, how do we fund this new grant structure? First, the current SHARE system will remain—Annual Programs Fund contributions will be split 50/50 between the District Designated Fund (or DDF) and the World Fund. Within the DDF, each district may elect to receive up to 50% of the available DDF for Rotary Foundation District Grants. The remaining DDF—50% or more—along with World Fund, cash flow through contributions, permanent fund earnings, named gifts, and donor advised funds support Rotary Foundation Global Grants. Keep in mind that the current World Fund matching concept so familiar and attractive to Rotarians will remain in the funding model. However, the World Fund match of DDF, cash and DAF will only be available for Global Grants. The Foundation will no longer provide a World Fund match for smaller, less strategic projects and activities. Additionally, the Trustees approved the concept that packaged grants will be primarily funded from the World Fund. However, clubs and districts may also use DDF and cash to purchase packaged grants.
- Rotary Foundation Global Grants will be awarded in the six areas of focus. Designed to support larger projects and activities, these grants offer opportunities to participate in more strategically focused, sustainable activities. Under this grant type, clubs and districts will select from two options: 1. Club- and district-developed projects will be similar to larger matching grants and 3-H grant projects, GSEs, and ambassadorial scholarships. Both humanitarian and educational activities must meet the minimum award amount ($15,000) and relate to an area of focus to be eligible for global grants. We will discuss the funding model shortly. 2. Packaged grants may be coordinated with a strategic partner. The Foundation will work to provide projects and activities “off the shelf” that have a standardized approach in creating, implementing, monitoring, and reporting. It is anticipated that packaged grants will be funded entirely by the World Fund or in coordination with the strategic partner. We will discuss this concept further shortly.