Guest Speaker Doris Olassen

The guest speaker was introduced by Rotarian Steve Mew . Doris Olassen from Opportunities International gave a wonderful presentation on the role of micro-credit as a stimulator of individual and community economic initiative. This dynamic approach has grown at a rate of 26% per annum, with over 98% of micro-loans and village lending initiatives being successfully repaid. Over 85% of borrowers are women. In addition to banking and finance, the loans officers, coach, train and mentor loan participants in marketing, in basic financial planning practices including savings and investment, and in health planning and community development. A number of inspirational success stories were shared by video, giving a feel for the situation and potential for these projects in the Third World. It is clear to see how these projects help in job creation, support of orphans and aids victims, and in restoring dignity to individuals and communities. Rotary is a strong supporter of Opportunities International, with Alberta taking a strong lead. Targets for fundraising for this year are $4,000,000. The speaker was thanked by Tomiko. Notes this week by Malcolm Ross