Microcredit Program
Mar 20, 2020
Randy Steinman
Microcredit Program
The Rotary Foundation notified the district’s Microcredit Chair, Randy Steinman (Kansas City Plaza Club), on October 24th the next $25,000 installment for the microcredit grant has been wired to the district. These funds are part of a $125,000, five year Global Grant project to provide business startup loans to women living in poverty in Santo Domingo, Dominican Republic.
 
To date this project has helped approximately 80 women start businesses with small loans of $250-750 US. The profits from these businesses help repay the loans and create an income stream to help these women lift themselves and their families out of poverty. Of these women 32 have already repaid their loans in full.