Microfinance: Interest to Action Part 5 of 5

2014 ROTARY INTERNATIONAL CONVENTION

“MICROFINANCE: INTEREST TO ACTION”June 3, 2014, Legends Room, ANZ Stadium

Sydney Olympic Stadium

“Good Governance as a Platform in Implementing Microfinance Program

by Rotary Clubs”

CARLOS H. YTURZAETA, CPA

RAGM Regional Outreach Director for East AsiaAssistant Governor, RI District 3830Past President, Rotary Club of Makati EDSA, RI D -3830Vice-Chairman, Good Governance Advocates & Practitioners of the Philippines (GGAPP)

• Microfinance or Microcredit as a Tool in Poverty Alleviation

• Microfinance is being used in many 3rd world and developing countries

• Microfinance vs Typical Community Service Projects

• Microfinance is helping the marginalized to have dignity resulting to empowerment

Rotarian Action Group for Microfinance and Community Development

• Microfinance is a type of community loan program.

• Microfinance works on “one for all, all for one” basis.

• Microfinance satisfies the avenues of service and the areas of focus, particularly, economic and livelihood program.


• Microfinance has an output: MICRO ENTERPRISE or MICROBUSINESS.

• Microfinance is, therefore, to be properly managed and supervised.

• Otherwise, there will be no success and the objective of Microfinance fails.

• Critical to this is Good Governance


• Good Governance is:– Transparency– Accountability– Fairness– Integrity– Stewardship

• Good governance will result in excellence and professionalism.


• Good governance will result in more Microfinance initiatives that can be implemented on a District-wide basis.

• Good governance will become a platform for all the microfinance endeavors that a Rotary Club will implement.


Indispensable Declarations:

Core Values - Rooted in the values of a “good parent of a good family” – what we hold dear.

Mission – Rooted in the mission using microfinance as a tool in uplifting the economic and social condition of our marginalized brethren.

Vision - Rooted in the long-range objective of providing dignity for humanity.


Key Success Factors:• Learn from other successful Microfinance

organizations and endeavors – best practice

• Microfinance becomes successful if it is founded on sound personal values and principles which lead to Good Governance.

• A successful Microfinance Program is one that can be replicated throughout generations.


• Microfinance is a sacrifice – Service Above Self.

• Microfinance will give Rotarians pure joy – He who serves best, profits most.


2014 ROTARY INTERNATIONAL CONVENTION

“MICROFINANCE: INTEREST TO ACTION”June 3, 2014, Legends Room, ANZ Stadium

Sydney Olympic Stadium

“Good Governance as a Platform in Implementing Microfinance Program

by Rotary Clubs”

CARLOS H. YTURZAETA, CPARAGM Regional Outreach Director for East Asia

Assistant Governor, RI District 3830Past President, Rotary Club of Makati EDSA, RI D -3830

Vice-Chairman, Good Governance Advocates & Practitioners of the Philippines (GGAPP)Email Address: [email protected] and mobile nos: +639175360937

YEAR1997 - RCC ORGANIZED JULY 12, 19971997 - present SITIO MALAYA DAY CARE CENTER

– First project.2000 - MATCHING GRANT NO. 16001 for P 989,000.002001 - present MICRO CREDIT PROJECT AND OTHER

LENDING SERVICES

Sustainability of Clubs Community Service ProjectsSustainability of Clubs Community Service Projects

Beneficiaries:350 families - Sitio

Malaya280 families - Sitio

Tuyuan250 families - Sitio

Cubic

LOAN : 3,000 – 30,000 Pesos

REBATE SYSTEM:

10% reward - 100% repayment on time 2001- today - 13 YEARS – 100% REPAYMENT RECORD 2007 - 2008 - MALAYA TUYUAN CUBIC MULTIPURPOSE

COOPERATIVE organized from P 90,500.00 rebates for 5 years received from the Rotary Club of Parañaque Micro Lending – Seed Money for Coop.



2014 (6 years) - Seed Money of P 90,500.00 is now P 1.3 Million, with 87 members

from 39 Charter members.

- MTCMP Coop – produced a 3 Module seminar.

1. MORAL VALUE FORMATIONS2. BASIC ACCOUNTING3. RECRUITMENT MODULE.

ACTIVITIES IN THE RCC AREA:ACTIVITIES IN THE RCC AREA: - Weekly Feeding Program by RCC.- Annual Medical / Dental Mission done by RCC

and RCP.- Dengue Fumigation- Quarterly Seminars for members and

prospective members- Monthly Board Meeting for MTCMP Coop.- Annual Christmas party for Day Care Children

and gift giving.


Cont...Cont...

- General Assembly including election of officers for RCC and MCTMP Coop.

- Strategic planning including Annual Budget and review of Policies and Procedures.

- RCP SPOUSE SCHOLARSHIP for 4 Elementary students.

- Continuing improvement/rehabilitation of Day Care and Livelihood Center, Day Care Center Library and RCC / Coop Headquarters.


SITIO MALAYA RCC / MTCMP SITIO MALAYA RCC / MTCMP COOPERATIVE ACCOMPLISHMENTSCOOPERATIVE ACCOMPLISHMENTS

Project Name:

Sitio Malaya RCC Humble Beginning


Project Name:

Sitio Malaya RCC Day Care Center


Project Name:

Sitio Malaya RCC Compound


Microcredit Project Credit Investigations & Evaluation

SITIO MALAYA RCC / MTCMP COOPERATIVESITIO MALAYA RCC / MTCMP COOPERATIVEACCOMPLISHMENTSACCOMPLISHMENTS

Project Name : Microcredit Project – Example of Borrowers Location : Sitio Malaya, Merville, Parañaque CityClassification : RCC - “Livelihood and Entrepreneurship”


CESAR B. DELUYAS, JR.- Sari-Sari Store & Bakery- RCC Past President &

Past Coop ChairmanCredit Limit: P30,000


Project Name : Microcredit Project – Example of Borrowers Location : Sitio Malaya, Merville, Parañaque CityClassification : RCC - “Livelihood & Entrepreneurship”


CHARLIE C. TOBIAS- RCC/MTCMP Coop Member- Motorcycle Spare Parts & ServiceCredit Limit: P30,000




MARY J. GONZAGA- RCC/MTCMP Coop Member- Meat Processing & Lutong Ulam

Credit Limit: P15,000




MA. DULCE M. DELA CRUZ.- Internet & Computer Rental- RCC / MTCMP Coop Member





ELAINE H. HERMIDA- RCC/MTCMP Coop bod Chairperson- Sari-Sari Store & Soft Drinks Dealer





EZABETH & TONY CALDO- RCC/MTCMPC Treasurer & Member- School Supplies & Electronic Services





ROMANA G. LABRADOR- RCC/MTCMP Coop Member- Tricycle Operator & Eatery





MOTORCYCLE LIVELIHOOD LOANS FOR TRICYCLE OPERATORSSo far 6 RCC/Coop Members Availed the MLL payable in 24 and 36 months at a lower and affordable amortizations.


Microcredit Loan Releases


Sitio Malaya RCC/MTCMPC Strategic Planning Session


Sitio Malaya RCC/MTCMP Coop Pre-Membership Orientation


Sitio Malaya RCC/Coop General

Assembly & Social Gatherings


Sitio Malaya RCC/Coop Regular Monthly Board Meeting

Government & Nonprofit

Microfinance: Interest to Action Part 5 of 5