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Rotary Club: Homer-Kachemak Bay Project Title: Loans to Kiva businesses 1. Describe the project. What was done, when and where did project activities take place? Our Club received a Matching Grant of $500 from District 5010, which along with the Club's donation of $1,000, provided a total of $1,500 for KIVA micro credit loans. The Coordinator for this project managed the allocations of the loans and reported that 20 micro credit loans were provided for this money. The overall default rate for these loans is under 2%. Most of the allocated money is currently being used to fund projects or has already been repaid. All the information is detailed on the KIVA website for our Club's account. Our club focuses on small businesses that are owned by women in developing countries. Please note that the total funds were $500 more than we stated in our Grant application. 2. How many people benefited from this project? Minimum of 20 3. Who were the beneficiaries, how were they impacted by this project, and what humanitarian need was met? The beneficiaries were individuals from many countries that requested small business loans. These individuals do not have access to traditional loan institutions. These loans provide economic development for poor areas around the world. 4. How many Rotarians participated in the project? 6 Rotarians 5. What did they do? Please give at least two examples, not including financial support provided to the project. The Rotarian Coordinator of this project determined which projects to support and allocated the funds via the KIVA website. The International committee for our Club, about 5 active Rotarians, gave thoughts and advice on the types of businesses they wanted to support - mostly women owned businesses in developing countries. The Project Coordinator also gave a workshop to the RYLA student conference, early in March in Homer, about KIVA and showed how to select projects and to donate funds. 6. If a cooperating organization was involved, what was its role? KIVA is the organization which allocates micro credit loans to many businesses all over the world. Our Club works with KIVA through their comprehensive website that lists all the projects that need funds. 7. Income
8. Expenditures
District must retain receipts of all expenditures for at least five years. Please scan and upload to the project's "Documents" tab all invoices (be sure they are marked "paid"), receipts and/or copies of checks for the full amount of the project budget. By signing this report, I confirm that to the best of my knowledge these District Grant funds were spent only for eligible items in accordance with Trustee-approved guidelines, and that all of the information contained herein is true and accurate. I also understand that all photographs submitted in connection with this report will become the property of RI and will not be returned. I warrant that I own all rights in the photographs, including copyright, and herby grant RI and TRF a royalty free irrevocable license to use the photographs now or at any time in the future, throughout the world in any manner it so chooses and in any medium now known or later developed. This includes the right to modify the photograph(s) as necessary in RI's sole discretion. This also includes, without limitation, use on or in the web site, magazines, brochures, pamphlets, exhibitions and any other promotional materials of RI and TRF.
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