This project will provide extensive business training and close to 600 microloans, starting as low as $25, to indigenous Lenca women and some men in Honduras' rural highlands known as the Lenca Corridor, so they can start or expand a small business and begin to lift themselves out of extreme poverty. It is estimated that 90,000 poor women in this region would benefit from microloans. During bi-weekly Grameen-style meetings with a loan officer, Rotary loan clients will receive education on business, human rights and health topics presented on brightly colored posters so that even illiterate clients can follow the presentations. This training will help the clients throughout the process of launching and growing their businesses. Because repaid money will go back into circulation to fund more loans, this one-time Rotary grant will be recycled for years and transform many lives. Real de Minas Rotary Club members will provide oversight and assistance in the design and implementation of the project, and members of the International partner clubs will make a site visit to review the progress of this project.
Completed
This project is "Completed". This means the project has been implemented and the report was accepted by The Rotary Foundation. The project will stay listed on this website as a testimony of the achievements of the project partners.
Project listed for the 2011-12 Rotary Year.
The TRF Grant application number is #25552.
Proposed Financing
Existing Contributions Towards This Project
Date
Cash
DDF
Total
Rancho Bernardo (San Diego) (5340)
30-Jun-11
$500
$500
$1,000
Poway (5340)
30-Jun-11
$7,000
$7,000
$14,000
Escondido (5340)
31-Aug-11
$1,000
$1,000
$2,000
Encinitas (5340)
31-Aug-11
$1,500
$1,500
$3,000
San Diego (5340)
31-Aug-11
$1,500
$1,500
$3,000
La Jolla Sunrise (5340)
31-Aug-11
$1,000
$1,000
$2,000
Cupertino (5170)
20-Sep-11
$1,000
$1,000
$2,000
Amount Requested from The Rotary Foundation
$6,750
$13,500
$20,250
Total
$47,250
Project Supporting Documents
There are no documents yet for this project. Go to the administration page to upload documents.
Project Photos
History Log Entries
28-May-11
System Entry
Creation of project page.
1-Jun-11
System Entry
Pledge of $12,000 by Winifred Cox of the Rotary Club of Poway, District 5340.
30-Jun-11
System Entry
Pledge of $7,000 by Winifred Cox of the Rotary Club of Poway, District 5340.
30-Jun-11
System Entry
Pledge of $500 by William Angus of the Rotary Club of Rancho Bernardo (San Diego), District 5340.
1-Jul-11
System Entry
Project is now "Fully Pledged".
11-Jul-11
by Philippe Lamoise
Contribution of $12,500 DDF approved by the District 5340 Rotary Foundation Committee.
11-Jul-11
System Entry
Pledge of $5,000 with $5,000 DDF by John Fistere of the Rotary Club of La Mesa, District 5340.
31-Aug-11
System Entry
Project reverted to "Published".
31-Aug-11
System Entry
Pledge of $7,000 by Winifred Cox of the Rotary Club of Poway, District 5340.
31-Aug-11
System Entry
Pledge of $1,000 by Johnny Watson of the Rotary Club of Escondido, District 5340.
31-Aug-11
System Entry
Pledge of $1,500 with $1,500 DDF by Verne Scholl of the Rotary Club of Encinitas, District 5340.
31-Aug-11
System Entry
Pledge of $1,500 with $1,500 DDF by Bink Cook of the Rotary Club of San Diego, District 5340.
31-Aug-11
System Entry
Pledge of $1,000 with $1,000 DDF by Dee Doe of the Rotary Club of La Jolla Sunrise, District 5340.
31-Aug-11
System Entry
Project is now "Fully Pledged".
20-Sep-11
System Entry
Pledge of $1,000 with $1,000 DDF by Cecilia Babkirk of the Rotary Club of Cupertino, District 5170.
21-Dec-11
System Entry
Proposal Sent to The Rotary Foundation through Member Access.
21-Dec-11
System Entry
Proposal approved by The Rotary Foundation.
22-Mar-12
by Winifred Cox
With the consensus of all parties, and notification to The Rotary Foundation, the Host Club for this project has been changed from the Siguatepeque Rotary Club, to the Real de Minas Rotary Club in Tegucigalpa, Honduras.
28-Apr-12
System Entry
Application Sent to The Rotary Foundation through Member Access.
9-Jul-12
System Entry
Application approved by The Rotary Foundation.
26-Dec-12
System Entry
Payment has been issued by The Rotary Foundation.
30-Oct-13
by Winifred Cox
The Real de Minas Club of Tegucigalpa, Honduras, has distributed the grant money to the Adelante Foundation, to fund training and two cycles of microloans that will enable hundreds of impoverished Lenca women to start businesses. The first cycle of loan money has been distributed to clients, and many repaid loans have been reissued. The project is on target to be completed in December, 2013. The November 2013 Rotarian Magazine has a photo story describing the impact of these loans in individual lives. The Rotary Club of Poway-Scripps, USA, is honored to be the International Sponsor of this project, in partnership with many other USA Rotary Clubs and Districts.
4-May-14
by Winifred Cox
Project is completed and final report is being prepared.
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