Congratualtions to Georgetown Rotary!
We are pleased to announce that Global Grant 16-33516: Microcredits for Entrepreneur Women of Tamaulipas, submitted in Melinda’s year (Rotary year 2015-16) by the Rotary Clubs of Georgetown (D-5870) and Ciudad Victoria (D-4130), has been approved by The Rotary Foundation. The award is in the amount of $40,400 USD.
This Global Grant will make a significant impact that will help alleviate poverty in vulnerable sectors of the population in Cuidad Victoria, Mexico by creating an economic resource and skills development for women entrepreneurs. The microcredit loans will help stimulate successful and sustainable self-employment which will contribute to a better local economy and the reduction of the crime rate in our community.This Global Grant will make a significant impact that will help alleviate poverty in vulnerable sectors of the population in Cuidad Victoria, Mexico by creating an economic resource and skills development for women entrepreneurs. The microcredit loans will help stimulate successful and sustainable self-employment which will contribute to a better local economy and the reduction of the crime rate in our community.
At least 120 women entrepreneurs will benefit from the microcredit loans in each of two cycles. Overall, the global grant will benefit approximately 240 women, their families, and the community. Some women (about 90 of the 120) will receive loans individually and others will receive them as a group of women in the same family business. By providing training and micro loans for women entrepreneurs we will enhance their ability to have a successful and sustainable business. This leads to increased income, personal development, increased self-esteem, and better overall economic stability. In doing so, the local economy improves, poverty rates decrease, and related criminal activity will be reduced.