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This project is completed. Project listed for the 2007-08 Rotary Year. The Matching Grant application number from TRF is #65755. The TRF Staff in charge of this grant is Valerie Pereira (Valerie.Pereira@rotary.org).
D5340 Mobilizing Rotary for Microcredit (MRM) which comprises several Rotary clubs, including La Mesa Sunrise, has approved $6000 for this effort plus requesting DDF.
<27-Oct-07> System Entry
Creation of project page.
<1-Feb-08> by David Ballesteros
D-941 has been submitted to District 5340 for final approval and once approved should be forwarded to The Rotary Foundation
<6-Feb-08> System Entry
Grant paperwork sent to The Rotary Foundation.
<13-Feb-08> by Brennan Pate
Valerie Pereira wrote, asking for clarification on the name of the international club contributing US$2,000. It was described as "Rotary Club of Mobilizing Rotary for Microcredit DAF." Her request was answered by David Ballesteros.
<3-Apr-08> by Brennan Pate
Valerie Pereira wrote that the following additional info is needed by 30-Apr in order to complete the application:
-Item 4. Rotarian Involvement on the board of the Revolving Loan agency, if appropriate. Are detailed plans listed to ensure these criteria will be met?
-Provide additional information for Rotarian participation. Aside from the selection of the beneficiaries, please provide additional detailed participation. Will there be any teaching, mentoring, visiting the beneficiaries, etc…?
-Item 5. Training and Payback Schedules. Grant projects that involve the establishment of a revolving loan fund must include training. Describe the counseling and training activities of Hogar de Cristo that will be provided to the loan recipients, such as vocational training.
-Item 6. Revolving Loan Fund Agreements. Each agreement will specify loan policies for that credit group, including interest rates, loan amounts, and payback schedules. Will written policies and agreements be used in the project?
-Item 7. Continuity Plan: Identify who will take control of the funds, to ensure that the loan fund capital will continue to be used for revolving loans in accordance with the policies adopted. Please provide a detailed continuing project activity plan and agreement between Hogar de Cristo and the local club.
-Item 8. Project Administration Expenses. What costs will be incurred besides loan fund capital to establish and run the project? Please provide information for administration expenses. There was no information provided.
-Item 9. Use of Interest and Fees. Interest and fees generated by revolving loan fund capital from TRF may be used for administrative expenses that support the revolving loan project. How will the interest and fees be used in the project?
-Item 10. Ultimate Disposal of Funds. Describe what will be done with the loan fund capital and any remaining earned interest in the event that the revolving loan project is terminated, either before or at any time after the final report for the grant project is submitted.
-Item 11. Loan Guarantee Systems. TRF does not fund loan guarantee systems. Will any Foundation funds be used to guarantee loans by another agency?
-Item 14. Other Rotary Programs. Will other Rotary programs been utilized in support of the project?
<3-Apr-08> by Brennan Pate
David Ballesteros wrote Valerie Pereira and Beatriz de Plaza asking the latter to make the proper adjustments for the issues raised by the Technical Reviewers.
<23-Apr-08> by Brennan Pate
Valerie Pereira wrote that she had not received the information as listed before and needs it by 30-Apr in order for the application to be considered for the '07-'08 year.
<5-May-08> System Entry
Grant approved by The Rotary Foundation.
<12-May-08> by Philippe Lamoise
$6,000 contribution from the Matching Grants Website DAF sent to TRF. Amount taken from the MRM credit.
<24-Nov-08> by Susan Thorning
Valerie.Pereira@rotary.org emailed that items are still missing and requested the payee information and the contribution of US$700 for RC Guayaquil Cerro Azul. Tese items must be submitted by January 31, 2009.
<19-Dec-08> by Susan Thorning
All documents and payments received. Grant being forwarded for payment. May take up to 4 weeks.
<10-Dec-09> by Susan Thorning
Please note that a project report is due for this grant in January. Special forms are required for microcredit grant reporting.
<16-Feb-10> by Susan Thorning
The 12 month report for this grant was due in January. A past due report will delay the approval of other pending grants. Please submit a report as soon as possible.
<19-Mar-10> by Susan Thorning
Grant 72306 can not be funded until an acceptable report is submitted on this grant.
<7-Apr-10> System Entry
Grant status changed to "Completed".
<7-Apr-10> by Susan Thorning
Confirmation received from Valerie Pereira that the report for this grant has been accepted.
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