KIVA Loan Statistics

KIVA Loan Statistics

Rotary Club of Ladysmith

International Committee Minutes

November 5, 2013 7.00 p.m.

A.) Reviewed the proposed agenda

  1. regrets: Dan Spence, Rejean Beaudoin, Ed Nicholson, Frank Wood

B.) Review of International Services 2013-2014 Budget

David Brown: provided an update:

  1. World Community Service Projects: $2500.00
  2. Foundation, Donations: $2000.00
  3. Microfinance (Kiva): $1000.00
  4. Emergency Relief: $1500.00
  5. Group Study Exchange: $300.00

The 2013-2014 Budget has no funds allocated to International Student Exchange.

C.) Update on current projects:

Barb Bezeau: provide an update on Kiva loan statistics and OIKO Credit Workshop:

1. KIVA Loan Statistics

Me / Average Kiva User
Total Amount Lent / $10,175.00 / $323.07
Total Amount Repaid / $8,332.23 / $268.33
Total Amount Lost / $43.56 / $2.48
Total Amount Refunded and Expired / $100.00 / $8.69
Outstanding Portfolio / $1,699.21 / $43.03
/ Delinquency Rate / 0.85% / 3.58%
/ Default Rate / 0.54% / 0.97%
/ Currency Exchange Loss Rate / 0.04% / 0.03%

*Updated as of Nov 04, 2013 12:11 am

Loans by Status

All / Fundraising / Funded / Paying Back / Paid Back / Ended With Loss / Refunded / Expired
346 / 13 / 1 /
92
(11 Delinquent) / 231 / 5 / 4 / 0
  1. OIKO credit workshop
    Ed Nicholson and Barb attended in Nanaimo. Barb reconfirmed that funds invested in OIKO are insured and can be readily accessed. OIKO funds are used for ethical investments. Barb described how funds are being used in the Rain Forest to help manage the resource.

Andy Bohay: Update on International Student Exchange

The possibility of an International Student exchange was identified to the students at Ladysmith Senior Secondary. A meeting of parents and students was held. At the meeting four students attended, however one student did not have her parent with her. A fifth student has identified interest but could not attend the meeting. At this time the students and parents are still deciding if they can participate.

If we are successful in identifying a suitable candidate for the 2014- 2015 exchange, we will need some funds for the initial meetings that are required.

A commitment from the executive that the necessary funds for us to participate in the 2014-2015 exchange is needed before we select a student to participate. This is to be raised at the next meeting of the Directors.

Dan Spence Emergency Relief

Dan was unable to attend but he did inform the committee thathe didn't have anything further to report on Disaster Aid Canada but that he will be starting the lottery draw again this year starting this month.

John Mulrooney was unable to attend; but he provided the following update:

1. The Mexican Community Centre - project of OakBay Club

The Mexican Community Centre which we gave life to last year is going through the stages of receiving RI acceptance.

This is the budget outline to which Ladysmith committed $2000.00
No. / Description / Supplier / Category / Local cost (MXN) / Cost in USD
1: / Bldg renovation / Local material vendors / Supplies / 178220 / 14000
2: / Electrical service & installation / local vendors / Supplies / 76380 / 6000
3: / Digital media computer equipment / Local vendor / Equipment / 101840 / 8000
4: / Learning program expansion / Local staff / Personnel / 101840 / 8000
Total budget: / 458280 / 36000
2. Update on the Guatemala permaculture project

Mary and John Mulrooney will leave for Guatemala on or before the25th of January, go on to San Lucas Tolimanvia Antigua. They will meet with Marie Cruz, of the women's centre, Felix the project co-ordinator for the centre and Oak Bay Rotarian Jacqueline Mealing to see that all is ready to go(their plan complete, final adjustments,purchases made etc.). They will then bus to Antigua to attend the Rotary Project Fair. Mary and John will return to San Lucas on February 2nd in order to work on the project until approximately February 15th. The women and Felix will manage the project andJacqueline Mealing who will continue to be in Guatemala and report to me at the end of April with any receipts not yet collected.

This $5000 project is the Ladysmith club'sresponsibility
$2500 up front from our club, to be refunded
$500 contribution from club
$1000 from Oak Bay
$1000 from Mid-island

.

Project summary

The Centre will conduct training sessions on permaculture and organic agriculture on an acquired piece of land, hold movie forums to raise awareness of childhood socio-environmental issues, hold two environmental festivals in co-ordination with schools, develop self-sustaining work for youth, and provide two children’s field trips. Building beehives and honey production training is a part of the program. Also included is some family health promotion (high child mortality et al).

1.Pay the centre’s stipends for educators

2.Provide essential education supplies

3.Provide computer and internet service

4.Provide garden tools for the permaculture project

5.Provide education, tools and equipment for bee-keeping

6. Pay the centre’s rent and services

6.Pay the centre

D.) Action Items

  1. Investment of a portion of the Club’s reserve funds in to OIKO credits. Our strategic plan identifies that we will increase our investment into OIKO Credits. The monies invested are insured and can be readily accessed. OIKO Credits also pays and annual interest on monies invested. The Committee recommends to the Executive that the Treasure identify a portion of our reserve funds and arrange for these funds to be invested in OIKO credits.
  2. The executive commit to fund a student exchange in 2014-2015. The commitment required is approximately $5500.00.

Minutes compiled by: D. Brown

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