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	D-1353    Ecuador - Guayaquil Village Banks $18,050 The main objective of this project is to improve the quality of life of 120 families given them the opportunity to have their own small business. Ten banks of twelve women each will be established. They will receive an average loan of $150. The main components are to acquire knowledge of their desired entrepreneurship, accounting practices, customer service, a culture of loan payments, good health, and basic education for the participating families. The project will benefit up to 540 persons considering that an average Ecuadorean family has 4.5 members. Each family member will have the opportunity to learn the business, accounts, customer service, how to resolve problems, how to maintain good health, and pursue basic education for all family members. This microcredit project will be organized and supervised by a committee formed by members of Rotary Club Guayaquil Cerro Azul with some visits from the Rotary Club La Mesa Sunrise and constant internet communication as to the progress of the project. Furthermore, both clubs will guarantee that reports are timely and accurate regarding the participating village banks and their performance during the project period. Primary Host Partner in the Project Country Club: Guayaquil Cerro Azul District: 4400 Primary Contact: Jorge Herrera Email: [invalid email on file] Check all projects from: [District 4400] [Guayaquil Cerro Azul Rotary Club] [Jorge Herrera] Primary International Partner Outside the Project Country Club: La Mesa Sunrise District: 5340 Primary Contact: David Ballesteros Email: david.ballesteros@sdsu.edu Check all projects from: [District 5340] [La Mesa Sunrise Rotary Club] [David Ballesteros] Proposed Financing Primary Host Sponsor Rotary Club/District Rotary Club of Guayaquil Cerro Azul $700 Primary International Sponsor Rotary Club/District Rotary Club of La Mesa Sunrise $4,000 District 5340 DDF $2,000 Additional Rotary Clubs/Districts Rotary Club of Encinitas Coastal $2,000 District 5340 DDF $2,000 Amount requested from the Rotary Foundation $7,350 Total $18,050 Status and Progress Information Completed This project is completed. Project listed for the 2008-09 Rotary Year. The Matching Grant application number from TRF is #69593. The TRF Staff in charge of this grant is Valerie Pereira (valerie.pereira@rotary.org). La Mesa Sunrise Rotary is part of the District 5340 Consortium, Mobilizing Rotary for Microcredit (MRM), which will contribute $6000 cash and $4000 DDF (La Mesa Sunrise will contribute $1000 cash and $500 DDF). <14-Dec-08> System Entry Creation of project page. <3-Feb-09> System Entry Grant paperwork sent to The Rotary Foundation. <9-Feb-09> by Susan Thorning Your request has been assigned the file number, Matching Grant #69593. Please reference this number on all future correspondence with Foundation Staff. <31-Mar-09> System Entry Grant approved by The Rotary Foundation. <15-Oct-09> by Susan Thorning TRF staff has indicated that the following payment requirements must be completed by 15 December 2009 or your grant will be cancelled automatically. -Signed Agreement Form from RC Guayaquil Cerro Azul -Payee Information from RC Guayaquil Cerro Azul -Contribution of US$700 from Guayaquil Cerro Azul <10-Dec-09> by Susan Thorning Guayaquil Cerro Azul must submit $700 by December 15 to avoid cancellation of this grant. All other documents and donations have been received. <25-Jan-10> by Susan Thorning Payment of your grant has been authorized. Start watching project account in two weeks from this date. <19-Jul-11> by David Ballesteros D-1353, Village Banks project, Guayaquil, Ecuador was submitted to TRF and accepted on March 7,2011. Next report due on March 7, 2012. <4-Mar-12> by David Ballesteros Final Report, D-1353,Village Banks, is being submitted the week of March 5, 2012, to The Rotary Foundation. <4-Mar-12> by David Ballesteros Final Report for D-1353, Village Banks in Guayaquil, Ecuador is being submitted to The Rotary Foundation the week of March 5, 2012. <23-Mar-12> System Entry Grant status changed to "Completed". Web site design by Philippe Lamoise, D2G Pages, pictures and video on this site © Philippe Lamoise 2001, 2005 This website is a private initiative by Rotarian Philippe Lamoise, Torrey Pines Rotary Club, District 5340, to help the clubs and districts worldwide to do matching grants with The Rotary Foundation.