Micro Loans – Changing lives for $25

Rotary Down Under magazine featured the following article in the March Edition on the Club’s involvement with Micro Loans.

“For the past ten years, the Rotary Club of Moonah, Tas, has scattered Microcredit loans across the globe. The club started with a pool of AU$100 on the Kiva website, beginning with a loan of $25. Usually repaid quickly, funds are then recycled towards another worthy recipient with the a great entrepreneurial business idea or pressing need. The club has been involved in every type of venture imaginable-including the funding of livestock to breed or sell by-products from, such as milk, eggs and fleece; vegetable seeds to plant crops to sell or barter with; sewing machines to allow mothers to offer mending and dressmaking services in order to hep feed their families; ingredients or materials to support manufacturing and more. Some of the club’s recent loans have included $50 to assist a Cambodian woman buy pesticides for her cashew farm, $100 towards building a sanitary toilet for a family in the Philippines, and $100 to an individual in Vietnam to help buy a cow. with only a little money, and dedicated club member Denis McKercher reviewing and accepting applications, it is a simple but effective international project helping people help themselves”

 

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