P-5391

Micro-lending for Refugees

Description

Financing

Documents

Photos

History Logs

Project Description

Country: Kenya

Location: Ongata Rongai

Total Budget: $5,000

Area of Focus: Community economic development

Activity Type: Community Development: General

Summary: Micro-loans to members of 7 groups of refugees and others in Ongata Rongai town near Nairobi


The Rotary Club of Nairobi Karengata, Kenya, has identified a community need in Ongata Rongai town for micro-loans to members of groups of refugees (70%) and Kenya citizens (30%), who cannot obtain regular credit. Groups must have pre-existed for at least a year, and members must know each other well and must guarantee each other's loans. The implementing partner, Alliance for African Assistance-Kenya, will manage the project without fee. Seven groups will be selected after an interview process and will be trained to maintain business records. Loans will be made electronically (using Mpesa) from a separate bank account maintained by the implementing partner, and loan repayments will be deposited in that account. Project funds will be a "revolving fund" that will provide new loans as repayments are made. Rotary Club members will be involved in interviewing groups, providing business training, and oversight. See attached documents.

Project Contact Person

District: 5340

Rotary Club of: San Diego

Primary Contact: Roger Haines

Email: rogerhaines43@gmail.com

Project Status

Approved
This project is "Approved". This means that the district leadership has reviewed and approved the allocation of district funds for this project. Once the funds from the district have been issued, the status of the project will be changed to "Paid".

Project listed for the 2024-25 Rotary Year.

Proposed Financing

Existing Contributions Towards This Project

Date

Cash

DDF

Total

San Diego (5340)

24-Jul-24

$2,500

$2,500

$5,000

Total

$2,500

$2,500

$5,000

Project Supporting Documents

Project Photos


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History Log Entries

24-Jul-24

by Conrad Heede

System Entry: Creation of project page.

21-Sep-24

by Roger Haines

System Entry: Project sent for club signatures.

21-Sep-24

by Roger Haines

System Entry: Project signed by Roger Haines.

22-Sep-24

by Alan Turner

System Entry: Project approved by the District Approval Committee.

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