Posted by Pieter Taljaard
A two-part sustainable development project including micro-finance and sustainable water
These sustainable community development projects build health, education, and economic opportunities into families, neighborhoods, and complete communities – in a dignified, stewarded, and sustainable way. This was the opportunity presented at today's meeting!
The Rotary Club of Airdrie was instrumental in the initiation of this project 2012, and it has grown and delivered more than expected. Stage V will be launched in April 2018. Bill Fitzsimmons and Duncan Stanners, from the Rotary Club of Calgary West, relayed some very heartwarming success stories, wonderfully illustrated with photos of the people and ventures that not only benefitted from the schemes, but are prospering to help others.
Besides offering safe and affordable micro-finance products to the entrepreneurial poor in Northern Honduras, and a safe and sustainable water system to the very rural poor in Eastern Honduras, both elements of the project (micro-finance and water) includes training components, support from local finance staff, and the village volunteer water committee.
The new targeted micro-finance branch for 2018 will be self-sustaining within 18 months, and with a projected 98% repayment rate based on the history of the others.