Rotarian Action Group for
Microfinance & Community Development
Home
Share Your Story
About RAGM
Conferences
Join Us
Our Publications
Microcredit Publications
Subscribe
Board of Directors
RAGM Bylaws
Contact Us
Blog Posts By SteveR
Honduras, Rotary & the Canadian Government6 days ago
Rotary Supports Microcredit Forum in Calgary October 201452 days ago
Foreign Affairs, Trade and Development Grant for Honduras56 days ago
Celebrating 40 Years in Honduras61 days ago
Global Brigades Calgary is now in Honduras. May 13, 2014136 days ago
More
Global Publications
Honduras, Rotary & the Canadian Government6 days ago
Ebola - What's wrong now in Africa & how Microcredit will help16 days ago
Letters for Liberia - Why Rotarians Can Make a Difference 20 days ago
Rotary Supports Microcredit Forum in Calgary October 201452 days ago
More
Microcredit
Honduras, Rotary & the Canadian Government6 days ago
Rotary Supports Microcredit Forum in Calgary October 201452 days ago
Foreign Affairs, Trade and Development Grant for Honduras56 days ago
Celebrating 40 Years in Honduras61 days ago
Maintaining Microcredit Relevance84 days ago
More
Visit us on Facebook
Liberia: Phase 1 & 2
Category: Microcredit | By SteveR, 16-Aug-2011 | Viewed 2644  Comments 0 | Source Foundation for Women Liberia
Contributing Clubs: Calgary Sarcee, High River, Calgary West, Calgary Heritage Park, Canmore, Pincher Creek, Orillia, Brooks, Olds, U-End, MEDIC, Calgary Progress Club and individual donors

Project Start: April 1, 2010
Project Completion: Phase 2, ongoing

163_248314910_4.jpg
Emily Peal, CEO Foundation for Women Liberia with trust group members
This project was spearheaded by the Microcredit Task Force and the Rotary Club of Pincher Creek  - Phase 1 and the Rotary Club of Brooks — Phase 2.  In total, this project will exceed $100,000 which will be donated to the revolving loan fund for poor women in Liberia to start and maintain small businesses in Monrovia and surrounding counties.   

Phase one of this project is complete.  470 poor women in Liberia were provided with $100 loans indirectly impacting 2,350 family members.  All loans were made to women and the payback rate is 95%.  Phase 2 will be an expansion of equal size to new clients and new geographic areas in Liberia.

Included in this funding was a matching grant of $25,000 from Government of Alberta, Community Initiatives Program who has received and acknowledged final reporting for this project Phase 1.  Phase 2 has been submitted to Government of Alberta for approval for an additional $25,000.  With the matching funds, this project will be completely funded.

Press Release Vice President Boakai, Liberia, West Africa


Monday, March 29, 2010
Meanwhile, Vice President Boakai has described the San Diego, California based Foundation for Women as a true partner in the government's effort to transform the lives of the Liberian people.

He noted that in just three years of operation in Liberia, the Foundation for Women through its micro-credit loan has touched the lives of many rural women.

"This is a project that is very dear to us. The President is aware of it and holds it very dear to her heart, knowing very well that her own grandmother was also marketer," the Liberian Vice President said.

He observed that said the small monies given out as loans to marketers, especially rural women have performed miracles because they have enabled them to manage their families and build their own homes.

Vice President Boakai further noted that the program not only helps to empower the women, but also to establish some integrity among people borrowing money.

The Liberian Vice President thanked the Founder of the Foundation to Women for reaching out to Liberian women, noting, "There couldn't be a better program for rural women".
Comments
To post a comment, you must be a member and Login.
This blog represents the opinion of the writer only. It does not necessarily represent the view or opinion of this organisation. We make no warranty of the accuracy, validity, or source of the content on this web page or any of the blogs presented on this web site. Similarly, the comments to blogs on this web site and this page do not necessarily represent the view or opinion of this organisation.
Login
Categories
Conflict
Education
Events
Food
Healthcare
Literacy
Microcredit
News
Other
Population
Rotaract
Service Projects
Social Development
Water
Top Writers
RAGM
RotaryGlobal
CMC-2011
RFPD
Editor
SteveR
SDR
VMC-2011
Hayley
BriggsB
© Design Copyright 2014 Mindstream Media.  Content Policy  |  Terms of Service