Operationally, the objective is to continue to provide microfinance loans to SME clients (Small to Medium Enterprises) with emphasis again on the “Small Enterprises” of the SME category. Phase 6 (D7080) will address these objectives by providing 1) loan funds to a targeted segment, and 2) specific training to micro-businesses. As seen in previous phases, the program is sustainable and will grow small businesses and create jobs
Project Name: Honduras Microfinance Project
Sponsoring club: Tillsonburg
Host Club: Real de Minas- Tegucigalpa
Project Contact Name: John Gilvesy
Project Contact Email :Address jgilvesy@gmail.com
Project Contact Contact Number: 5196888049
Location of the Project Honduras
Project Description
"All clubs have been asked to confirm their support for the Rotary Club of Tillsonburg Honduras Microfinance Project. We are hoping that all clubs in the District will commit at least $1,500 ... and with matching grants from both the Canadian Government and RI, would raise over $400,000.
Below is excerpt from our draft global grant application.
PS ...if you have nothing to do, we could use you on our project team??
... The multi-year Honduras Economic and Community Development program (HECD) has been supporting the
development of microfinancing in Honduras for several years. The District 5360 Microfinance Task Force (MTF) has
continued to expand its mandate to address new areas of need for financing in Honduras. The Rotary Club of
Tillsonburg and District 7080 is proposing to provide assistance.
In support of previous phases including HECD Phases (GG #26173, GG #1419611, GG #1637324 and
GG#1744647) we wish to assist with the expansion of microfinance loans to the entrepreneurial poor of
Honduras.
Strategically, our objectives are to build upon previous successes ... to expand microfinance projects in Honduras so
that the impact can continue to grow and multiply.
Operationally, the objective is to continue to provide microfinance loans to SME clients (Small to
Medium Enterprises) with emphasis again on the “Small Enterprises” of the SME category.
Phase 6 (D7080) will address these objectives by providing 1) loan funds to a targeted segment, and 2) SMEspecific
training to micro-businesses. As seen in previous phases, the program is sustainable and will grow small
businesses and create jobs.
Charity may not on its own end poverty. Microfinance objectives include granting safe and affordable training and
loan products to the entrepreneurial poor. This ""teaches how to fish"", and the funds to grow business, provide for
families, send children to school, hire neighbours, and create jobs...to earn a way out of poverty.
As indicated in applications for previous phases, not everyone is an entrepreneur – some people are better suited to
being exceptional employees – and therefore, in order to fill the “missing middle” of the developing economies, we
need to continue to address, build, and stabilize the SME-level of the economy.
Opportunity International in partnership with Instituto para el Desarrollo Hondureno (IDH) are well positioned to
address the SME economic void.
We agree that SME’s are crucial to providing jobs for others in their communities, and as more jobs are provided,
more income is created, the community’s purchasing power is increased, other spin-off businesses are created due
to demand, and the whole community prospers in the long-run.
With target NET available funds of $474,000 Canadian proposed for this phase, we understand that Opportunity
International & IDH Honduras Microfinance Institutions (partners) can potentially leverage Project Funding X 5 ie)
$474,000 x 5 = $2,370,000 ... potentially creating Jobs for as many as 2,800 people living in poverty.
HECD Phase 6 (D7080) will continue to extend benefit in three ways: 1) providing access to affordable capital for
small businesses to grow, and 2) as they grow, they will need to hire more employees, therefore generating jobs,
and 3) IDH will continue to provide SME-specific training ... a true and positive ripple effect within the communities of
HONDURAS.
As for previous Phases, project participants will be invited to join annually scheduled insight trips offered by IDH ...
allowing clients, friends and neighbors to learn how microfinance loans and respective training make a significant
difference in the recipient communities.
Hoping your club will support this initiative and commit at least $1,500.
Thanks for the Inspiration,
Project Start Date: 30/11/2018
Project Completion Date: 30/11/2019
Project Category: Community
Area Of Focus: Economic and community development
Cost Of The Project: hoping that all clubs in the District will commit at least $1,500
Project Images Link http://mtf5360.rotaryglobal.net/docs/Insight%20Tour%20Brochure%20-%202%20Nov%202018_304.pdf
Web Links https://opportunityinternational.ca/what-you-can-do/2018-rotary-insight-trip-to-honduras