|ChristKindl Fest 2014||Posted by Suzanne Gibson||on Nov 01, 2014||
|Food Pantry Shopping 2014||Posted by Mary Holcomb||on Jun 24, 2014||
The tradition lives on!
|India celebrates three years without polio.||Posted by Narayan Murarka||on Jan 19, 2014||
We are not just "THIS CLOSE" but Getting Closer and Closer.
|Interact Club's New Website||Posted by Tim White||on Jan 17, 2014||
Do you know of any outstanding high school students who could benefit from developing their leadership skills? (Maybe YOU?)
|BBRC Members Assisting at Barrington Giving Day 2013||Posted by Michael Lauzon||on Dec 13, 2013||
Another BGD Experience Under our Belts!
|The Rotary Foundation receives Guatemala’s highest honor||Posted by Steve Hollis||on Nov 04, 2013||
Acknowledging BBRC's International Committee for their dedicated hard work!
The last paragraph lists two of our projects. How about it?
|Trick or Treat Trot 2013- Results||Posted by Steve Hollis||on Oct 26, 2013|
|Western Rendezvous Round-Up||Posted by Suzanne Gibson||on Jun 30, 2013||
The Western Rendezvous was a resounding success! -
|Peace Through Service Presidential Citation||Posted by Suzanne Gibson||on Jun 04, 2013||
|UpComing Events on "Event Calendar"||Posted by Suzanne Gibson||on Jun 04, 2013||
Be Sure To Check the Events Tab and/or the Event Calendar for Upcoming Events Details - Also more "Meeting Pictures" in the Photo Album as of May 30, 13
|2013 Scholarship Award Recipients||Posted by Suzanne Gibson||on May 23, 2013|
|Western Rendezvous Dinner, Music & Fun||Posted by David Loop||on May 05, 2013||
6:00 PM till 11:00 PM
6:00 PM COCKTAILS - 7:30 PM DINNER
The Stonegate Conference Centre
2401 West Higgins Road, Hoffman Estates
(Click on image for further info)
GRAND PRIZE: $5,000
|Sister clubs form deep bonds of friendship and service||Posted by Narayan Murarka||on Apr 03, 2013|
|Micro-Credit Article in the Barrington Courier Review||Posted by Narayan Murarka||on Feb 23, 2013|
|Micro-Credit Program Discription||Posted by Narayan Murarka||on Feb 07, 2013||
Breakfast Rotary Charitable Foundation
(a 501c3 entity)
Barrington Breakfast Rotary Club
Contact: Narayan Murarka Ph: 847-836-0494 email@example.com
Rotary Micro-Credit Program
“Empowerment – Not Dependency”
The objective of this program is to provide opportunity for individuals to start, sustain, or expand an income generating business venture by offering seed money in the form of a loan --- often called micro-loans or micro-credits. The micro-credit program’s purpose is to empower people to become economically self-reliant. Our motivation is to provide “empowerment – not dependency” to individuals who have difficulty getting credit through the normal banking system.
This program is not meant to be a grant but a loan with full expectations for pay back of the principal with modest interest. The loan itself is not meant for personal consumption such as food, rent, medical expenses, education, etc. It is necessary for the recipients of such loans to have other sources of income to sustain themselves for day-to-day living.
Most non-profit and service organizations, including Rotary, address the needs of individuals in a holistic fashion, treating body, mind and spirit. Health and wellness begin with an individual's sense of well-being and security. Through this important program, we seek to deliver in some small measure on these basic human requirements. Few aspects of life are more essential than a livelihood that enables people to provide for themselves and their families.
This project is about “helping those who are trying to help themselves.” In other words, the program addresses and responds to the entrepreneurial spirit of individuals needing a helping hand. Our primary focus will be to attract only those people who are motivated, focused, and willing to put in hard work and are seeking opportunities to uplift their family’s life.
Micro-credit is also a means for self-empowerment. It enables the poor, especially women, to become economic agents of change. Engagement in an income generating business will serve as a role model for others in the community.
A limited number of loans, with a maximum amount of $5,000, are granted with a modest interest rate of prime plus two percent using simplified requirements compared to traditional banking institutions.
A Micro-Credit recipient must be an American Citizen or Green Card Holder and live or have business in a geographical area associated with Rotary District 6440 as shown. There are over 70 local Rotary Clubs in this area. Applicants should contact their local Rotary Club for sponsorship.
The primary factor affecting the approval of the loan will be the viability of the proposed venture and the Applicant’s ability to repay the loan. This will depend on gross revenue, either actual or projected, profit margin, cash flow and repayment schedule from the business venture. Other sources of income will also be considered to assess the Applicant’s ability to repay the loan.
The Rotary Micro-Credit Program offered by the Barrington Breakfast Rotary Club is for the benefit of individuals residing or doing business within the Rotary District 6440 jurisdiction. We will work with our sister clubs in the area to facilitate its implementation. Rotary Clubs are requested to contact us so that we can walk through the process and help them qualify potential Applicants. Participating Rotary clubs are not required to provide any funding nor will they have financial liabilities.
Applicants are required to provide references from a service club, a business and/or an individual. This individual should be a person of good standing within the community and is expected to know the individual Applicant and his/her family over a period of time and vouch for the honesty, integrity and character of the Applicant. He/she will not be involved in handling any money nor will he/she be co-signing the loan.
The Barrington Breakfast Rotary Club will administer this program in its entirety. A Committee has been set up to review the application: There are three basic factors that need critical review:
§ Does the Applicant show commitment, dedication, and perseverance?
§ Does the business venture have a reasonable chance to succeed?
§ Is there enough cash flow for the loan to be repaid?
The committee members will interview the Applicant, make a site visit, and review credit/background check results, etc. The committee will deliberate and make the final decision. Committee’s decision is Final.
The following information will be requested from the Applicant.
Our goal is to make the process as simple as possible. We recognize that a prospective Client may be discouraged when confronted with too much paperwork. We will work hand in hand with the Applicant to ease such a concern.
Once the loan is granted, the client will be assigned Rotary members to serve as Mentors. The Mentors will frequently talk to the client, assess the Client’s progress, and offer advice or support as appropriate. The Mentors will also see that the Client is following the payment schedule.
Rotary ….. “Doing good in the world while having fun, fellowship and friendship”
“Rotary is a family of volunteers actively participating in meaningful community service projects while having fun, fellowship, and making lifelong friends with people from all walks of life worldwide.”
|Overview||Posted by Narayan Murarka||on Feb 06, 2013||
Rotary Micro-Credit Program Overview
January 16, 2013
Barrington Breakfast Rotary Club (BBRC) is proud of its community service project, the Rotary Micro-Credit Program, which focuses on small loans ... often called micro-loans.
This project is about “helping those who are trying to help themselves.” It addresses and responds to the entrepreneurial spirit of individuals who need a helping hand.
Our goal is to attract motivated and focused people who are willing to work hard to uplift their life and that of their families.
The Rotary Micro-Credit Program offers these key features: It is for smaller amounts, it focuses on creating new sources of income, and it is personalized and customized to the opportunity at hand.
The loan (maximum amount of $5,000) is granted at modest interest rate (prime + two points) with full expectation of payback. It is exclusively for entrepreneurial activity – not personal consumption (such as food, rent, medical expenses etc.).
A Micro-Credit recipient must be an American Citizen or Green Card Holder and live or have business in a geographical area associated with Rotary District 6440. There are over 70 local Rotary Clubs in this area. Applicants should contact their local Rotary Club for sponsorship.
The key difference between Micro Loans and normal bank loans is that we at Barrington Breakfast Rotary Club being a service club offer mentoring. Once the Micro-Loan is granted, our club will assign a club member to serve as a Mentor. The Mentor will frequently talk with the loan recipient, assess progress, and offer advice or support as appropriate.
For more information, visit www.BarringtonBreakfastRotary.org
Contact via email: firstname.lastname@example.org
Or call 847-836-0494
Embed the video here: Here is the link-
|BBRC 25 years!||Posted by Suzanne Gibson||on Jan 29, 2013||
|BBRC To Host BACC's Feburary's Networking Event||Posted by Vernon Jones||on Jan 16, 2013|
|Barrington Area Chamber of Commerce's "Bliss Holiday ATHENA Award"||Posted by Suzanne Gibson||on Nov 20, 2012||
|Jim - Congratulations and welcome aboard!||Posted by Suzanne Gibson||on Nov 15, 2012||
|Our Newest Paul Harris Fellow -||Posted by Suzanne Gibson||on Nov 01, 2012||
|Trick or Treat Trot 2012||Posted by Steve Hollis||on Oct 27, 2012||
|BBRC Kris Kringle Mart||Posted by Malcolm Rosenfeld||on Oct 22, 2012||
|Sunday Afternoon at the Library with Roger Thurow||Posted by Marie Bolchazy||on Sep 30, 2012||
|Barrington Area Retailer Benefits from Rotary Micro-Loan program||Posted by Narayan Murarka||on Sep 27, 2012||
Barrington business owner Todd Rhodes is thankful
|This note from Jim Proebstle||Posted by James Proebstle||on Jul 24, 2012||
Jim and Carol are working with Dan Evans and economically disadvantaged youth.
|President's Weekly Notes||Posted by Suzanne Gibson||on Jul 16, 2012||
Weekly news, comments, and observations, from our President
|Breakfast Rotary's Micro-Loan Program||Posted by Narayan Murarka||on Apr 18, 2012||
The Barrington Breakfast Rotary Club (BBRC) is proud to launch its latest community service project, the Rotary MicroLoan Program, which focuses on small loans...often called micro loans. The objective of this program is to provide "micro-loans" to deserving low and moderate income people, for the specific purpose of starting, sustaining, or expanding an income generating business venture.
|BBRC Presents Its Initial 2010 donations||Posted by Michael Lauzon||on Apr 02, 2011|
|kite fly 20011||Posted by Steve Hollis||on Apr 02, 2011||
The Kite Fly this year is scheduled for Saturday May 14th at Citizen’s ParkTime and more details to come
|Maria Coons||Posted by Maria Coons||on Feb 06, 2011||
|Marie Bolchazy||Posted by Marie Bolchazy||on Sep 23, 2010||
|Lou Bolchazy||Posted by Lou Bolchazy||on Sep 23, 2010||
|John Kent||Posted by John Kent||on Aug 02, 2010||
|Suzanne Gibson||Posted by Suzanne Gibson||on Sep 11, 2008||
|Mark Gibson||Posted by Mark Gibson||on Sep 11, 2008||
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|Barb Grace||Posted by Barbara Grace||on Nov 08, 2007||
|Gary Lemon||Posted by Gary Lemon||on Oct 18, 2007||
|Stephanie Crenshaw||Posted by Stephanie Crenshaw||on Oct 18, 2007||
|Michael Lauzon||Posted by Michael Lauzon||on Aug 23, 2007||
|Wayne Duke||Posted by Wayne Duke||on Aug 17, 2006||
|Marvin Hill||Posted by Marvin Hill||on Aug 10, 2006||
|Michael Deering||Posted by Michael Deering||on Jun 22, 2006||
|Gary Ecklund||Posted by Gary Ecklund||on Jan 19, 2006||
|Mike Baker||Posted by Select Member||on Aug 18, 2005||
Company: E.C. Healthquotes LLC
|John Haniotes||Posted by John Haniotes||on Mar 19, 2003||
|Curt Larson||Posted by Curtis Larsen||on Dec 19, 2002||
|Keith Hanson||Posted by Keith Hanson||on Jan 17, 2002||
|Bruce Grabenkort||Posted by Bruce Grabenkort||on Jan 01, 2002||
|Ron Hamelberg||Posted by Ronald Hamelberg||on Apr 04, 1999||
|Vern Heeren||Posted by Vernon Heeren||on Oct 02, 1997||
|John Cole||Posted by John Cole||on Apr 19, 1988||
Classification: Manufacturer Representative
|Barrington Middle Schools and Sunny Hill Continue||Posted by Michael Lauzon|
Download the website sponsorship guide