Past RI President
Jonathan Majiyagbe: "We
can also fight poverty through
microcredit projects, which provide small loans to establish modest ventures......"
(a
concept attracting the interest of Rotary Clubs)
(please click each bullet)
Rotarian Action Group for
Microcredit (RAGM)
36 US Clubs combine
with Gates Foundation to raise $600,000 for Microcredit
Slumdog
Entrepreneur - Rotarian Action Group for Microcredit - 24 Feb 2009
Rotary International -
Revolving Loan
Funds
Opportunity International Australia
Opportunity
International - giving the poor a working chance
Ba Rotary
Village Project, Fiji
Aus
Aid 13 February 2006 - Approaches to Microfinance
World
without poverty
The
Millennium Development Goals Report 2007
Revolving Loan Funds - RICommunity
Service eNewsletter - November/December 2005
Also
known as “village banking”, “micro-enterprise”, or “micro-credit”,
revolving loan funds provide small loans to people who want to start
or improve businesses but who have no credit history or access to
commercial bank loans. The ultimate goal is for these entrepreneurs
to become financially independent and eligible for loans from
commercial banks. Revolving loan funds are an excellent way for
Rotary clubs and districts to encourage development and growth among
the most vulnerable people in their communities and can be designed
to fit the needs of virtually any community.
