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Ann Arbor Rotary Club Service Trip October 11 – 18, 2014 FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS FOR WOMEN - Guatemala

FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

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Page 1: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

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FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS FOR WOMEN - Guatemala

Page 2: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Team Meeting planning the week Rosemarie Rowney, Ashish Sarkar,

Nishta Bhatia and Bob Hyzy

Back to School Sue Buetler follows the kids to school

Participants representing RCAA

Ashish plays soccer in the square with kids

Page 3: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Attended two Rotary Clubs

Orphanage, Quetzaltenango

Meetings -Namaste Guatemaya

Hospice for Children BUSY TIMES. . . . .BEAUTIFUL PEOPLE

Page 4: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

GOALS: Meet the women served by the project Observe project staff in action Interact with Guatemalan partners Bring the story home to RCAA

Page 5: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

THE CLIENTS Goal = 181 To date = 136 served

Page 6: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Promotion

Business Education

Loan Business Coaching

Repayment

The Nine Month Small Business Development Cycle

Page 7: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Pr

Page 8: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Educational costs are $235 for each client; Global Grant Total = $42,500

RCAA supports the business education and coaching components of the project in the

clients’ homes

Business Education/Business Coaching

Page 9: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Visual aid separates personal expenses from business expenses

Page 10: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Loan Officer visits business owners once a month to collect loan payment

Micro loans supported by KIVA through Namaste Guatemaya

Signing the Contract and Receiving the Check

Page 11: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Micro Loans average $235; repayment over nine months

Page 12: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Business coaches and loan officers are well qualified by education and experience

Women in good standing are eligible for three cycles

End of the Cycle

Page 13: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

LIGHT UP ROTARY! Global Grant Project Guatemala Sponsored by: • Rotary Club of Ann Arbor • Las Americas Rotary Club • Rotary District 6380 • Rotary International

Foundation

Page 14: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Namaste Guatemaya Bob Graham, Founder

Rotary Las Americas Guatemala City

Our partners in Guatemala

We also visited Rotary Antigua

Page 15: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Please consider joining the next Guatemala trip: January 26 – 31, 2015 1 day in Antigua visiting clients in the field 3 days at Lake Atitlan at Women’s Conference Service and travel An amazing time filled with inspirational people!

Page 16: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS
Page 17: FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and … · Ann Arbor Rotary Club Service Trip. October 11 – 18, 2014 . FINANCIAL LITERACY, SMALL BUSINESS DEVELOPMENT and MICRO LOANS

Thanks to others involved in the project: 1. Dave Reid 2. Jason Whipple 3. Dave Shotwell 4 Fred Beutler 5. Len Stenger (very instrumental in planning this trip) 5. Paul Smith (very instrumental in planning this trip) 6. Rob Northrup 7. Rick Detweiler 8. Bernie Lugaurer 9. Pat Pooley 10. Jody Tull 11. Kofi Gyan 12. Barbara Bach 13. Lois Stenger 14. Amy Freundl 15. Mousumi Banerje. 16 Rachel Pooley (helping with translation and interpretation)

You are awesome Rotarians!