This Global Grant proposal will involve 1200 entrepreneur women in Guayaquil, a city and outer suburbs of 2.5 million inhabitants. There are approximately 500,000 persons in dire economic need floating around the city, many of whom are squatters on land without basic services, such as sufficient food availability, educational opportunities, medical clinics, and lack of financial resources to establish small businesses. Government intervention to alleviate these basic needs has been slow. Women play the key role in families of 6-7 members trying to keep family together and survive. Three Rotary Clubs--Cerro Azul, Rio Guayas, and Occidente will work closely with Hogar de Cristo, a Cooperating Organization, with considerable experience working with Rotary humanitarian grants. In addition on how to establish a business, training also involve money management, good customer service techniques, and the importance of savings usage. The thrust of the project is to provide small loans of $150 to $200 for each cycle to begin a business endeavor, such as selling food commodities, clothing, small furniture, cleaning supplies, etc. Loan repayment schedule is done on a weekly basis. The beneficiaries will be considered for additional loans after paying the loan fully at the end of a cycle, usually four months. Timeline for the completion of this project is twelve months.
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 2012-13 Rotary Year.
The TRF Grant application number is #26011.
Proposed Financing
Existing Contributions Towards This Project
Date
Cash
DDF
Total
Guayaquil Cerro Azul (4400)
20-Apr-12
$5,000
$4,500
$9,500
La Mesa Sunrise (5340)
20-Apr-12
$4,000
$4,000
$8,000
Río Guayas (4400)
24-Apr-12
$7,000
$0
$7,000
Guayaquil Occidente (4400)
24-Apr-12
$5,000
$0
$5,000
Del Mar (5340)
6-Jul-12
$2,000
$2,000
$4,000
Escondido (5340)
6-Jul-12
$1,500
$1,500
$3,000
Encinitas (5340)
6-Jul-12
$1,500
$1,500
$3,000
San Diego Downtown Breakfast (5340)
6-Jul-12
$1,000
$1,000
$2,000
Amount Requested from The Rotary Foundation
$13,500
$14,500
$28,000
Total
$69,500
Project Supporting Documents
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Project Photos
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History Log Entries
20-Apr-12
System Entry
Creation of project page.
22-Apr-12
System Entry
Project reverted to "Published".
22-Apr-12
System Entry
Pledge of $33,000 by John Fistere of the Rotary Club of La Mesa, District 5340.
22-Apr-12
System Entry
Project is now "Fully Pledged".
22-Apr-12
System Entry
Pledge of $33,000 by John Fistere of the Rotary Club of La Mesa, District 5340.
22-Apr-12
System Entry
Project reverted to "Published".
24-Apr-12
System Entry
Pledge of $3,000 with $3,000 DDF by David Ballesteros of the Rotary Club of La Mesa Sunrise, District 5340.
24-Apr-12
System Entry
Pledge of $7,000 by Luis Eduardo Burbano of the Rotary Club of Río Guayas, District 4400.
24-Apr-12
System Entry
Pledge of $19,000 by Ivan Rubio of the Rotary Club of Guayaquil Occidente, District 4400.
24-Apr-12
System Entry
Project is now "Fully Pledged".
24-Apr-12
System Entry
Project reverted to "Published".
9-May-12
by David Ballesteros
Global Grant, G280, PROPOSAL, "Village Banks for Ecuador." has been submitted to TRF.
6-Jul-12
System Entry
Pledge of $2,000 with $2,000 DDF by Peggy Martin of the Rotary Club of Del Mar, District 5340.
6-Jul-12
System Entry
Pledge of $1,500 with $1,500 DDF by Johnny Watson of the Rotary Club of Escondido, District 5340.
6-Jul-12
System Entry
Pledge of $1,500 with $1,500 DDF by Verne Scholl of the Rotary Club of Encinitas, District 5340.
6-Jul-12
System Entry
Pledge of $1,000 with $1,000 DDF by Pauline Limm of the Rotary Club of San Diego Downtown Breakfast, District 5340.
6-Jul-12
System Entry
Project is now "Fully Pledged".
12-Jul-12
System Entry
Proposal Sent to The Rotary Foundation through Member Access.
12-Jul-12
System Entry
Proposal approved by The Rotary Foundation.
1-Aug-12
by Pam Russell
D5340 Rotary Foundation Committee approved $10,000 DDF for this grant today.
3-Oct-12
by David Ballesteros
G-280, Global Grant 26011, Village Banks for Ecuador, has been submitted to The Rotary Foundation in Evanston and we are expecting for the application to be approved in October 2012.
2-Mar-13
System Entry
Application Sent to The Rotary Foundation through Member Access.
2-Mar-13
System Entry
Application approved by The Rotary Foundation.
19-Jan-14
by Peggy Martin
Project approved in November;Funds released
16-Apr-14
by Peggy Martin
Project underway with loans out to groups of women.
16-Apr-14
System Entry
Payment has been issued by The Rotary Foundation.
3-Dec-14
by David Ballesteros
G280, TRF#26011, has its next reporting date extension in December, 2014, approved by TRF due to the death of the Primary Contact Jorge Herrera. PP Priscilla Carcache is now the Host Country Primry contact and will be submitting shortly.
16-Jun-15
by David Ballesteros
Under the new leadership of Past President Priscilla Carcache, This Microcredit Global Grant (TRF# 26011) is progressing nicely. Hogar de Cristo, Cooperative Organization, and Guayaquil Cerro Azul Rotary work cooperatively to enhance job opportunities for women involved in poultry sales, pastries, soft drinks, hair dressers, etc. In addition the CO offers other family services at a low cost. Repayment of loans weekly continue to be prompt.
17-Feb-16
by David Ballesteros
This Microcredit Project is still on-going with Village Banks of up to 14 women. Project on the outskirts of the metropolitan city of Guayaquil is near Hogar de Cristo, Cooperating Organization, who provides support services and some space for the women. I, as the Primary International Contact visited the Project on February 10 and 11, 2016 and met with some of the women observing their Village Banks and was satisfied with their progress.
28-Jul-22
by Philippe Lamoise
Per Janice Kurth this project is closed at TRF.
28-Jul-22
by Philippe Lamoise
System Entry: Final Report sent to The Rotary Foundation.
28-Jul-22
by Philippe Lamoise
System Entry: Final Report approved by The Rotary Foundation.
