President’s Comment – 30 Apr 17

Paul Harris on kindness

“We humans are creatures of habit, and it is just as easy to acquire the habit of speaking kindly as it is to acquire the habit of speaking unkindly” — Paul Harris, 1935

 

 

 

 

 

 

Paul Harris, circa 1915. Appeared in “The Rotarian,” February 1915, May 1938, and February 1945.

When he spoke at the 1935 Rotary Convention in Mexico City, Paul Harris had only recently returned from a journey though Asia and the Pacific. He reflected on the opportunities for friendship he encountered on his trip and reminded members of their duty to act as ambassadors of goodwill. Read the full speech.

Editor’s note: 19 April marks the anniversary of Paul Harris’ birth. Learn more about Rotary’s founder.

 

This article shows some great projects completed by Rotaract Clubs

Sustainable projects earn top Rotaract honors

 By Sallyann Price

During its first year, the club opened a library and science lab for the local school and helped students prepare for college entrance exams and careers. It also targeted infrastructure, bringing clean water into homes and building bridges to link neighborhoods flooded during the rainy season. To stimulate economic growth, the club opened a weaving cooperative for female entrepreneurs.

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  2. The Rotaract Club of the University of Moratuwa, Sri Lanka, built a library, science lab, and bridges, and launched a weaving cooperative in a rural village. Rotary has honored the club with the 2017 Rotaract Outstanding Project Award. 

    “Rather than initiating a project to donate materials, we thought a project to address all the issues in the village would be much more beneficial to all,” says Chamal Kuruppu, president of the University of Moratuwa Rotaract club.
    Best multidistrict project went to Rotaractors in Brazil for their campaign to combat hate crimes in online communities. More than 1,000 Rotaract members from 34 Brazilian districts planned activities during World Rotaract Week in 2016, adapting the campaign to their communities — such as partnering with a university to design a workshop series on Internet hate crimes — and using their social networks to spread messages of diversity, inclusion, and peace.
    This year, over 300 projects were nominated in 52 countries. The awards recognize the best single-club project, best multidistrict project, and outstanding service projects in each of six geographical regions. The best single-club project and best multidistrict project receive $500 each for future service activities and will be invited to inspire other Rotaractors at the Rotaract Preconvention in Atlanta.

President’s Comment – 23 Apr 17

Hi All,

Club Changeover GoToMeeting – Wednesday 12 July

I have organised our Club Changeover Meeting for Wednesday 12th July 2017 at 7.00pm to be held online with a GoToMeeting invite to all members and guests. I hope that this date suits all of our members.

If you open the Annual Letter from Bill and Melinda Gates below you will see some statistics about their work great work but also about the needs of the world that are not being met at present. It makes interesting reading and some things worthy of our support.

ROTARY’S POLIO EFFORTS PRAISED BY BILL AND MELINDA GATES

Every year, Bill and Melinda Gates publish an annual letter to broaden awareness and interest in key global health and development programs. This year’s Annual Letter mentioned polio among their foundation’s ongoing efforts to fight disease and inequality, specifically, the incredible progress that’s been made towards polio eradication. Melinda Gates offers these kind words to reaffirm the important role Rotary has had leading the way to a polio-free world:

“We’re awed by the teams of vaccinators who take risks to reach each child. And we’re inspired by the infinite persistence of Rotary International. They were leading this fight long before we joined it, and they’ve just kept moving forward.”

She goes on to say, “They know going from 350,000 cases to 37 is amazing, but success is zero.” Even though a handful of polio cases have been reported this year, there is a chance these are the last cases of polio in history. This June, Bill Gates will speak at the Rotary International Convention in Atlanta, Georgia, USA to discuss how we can — and will — end polio together. 

President’s Comment – 16 Apr 17

Board Meeting held Wednesday 12th April

Thank you to all who attended the meeting last Wednesday. If I had not mixed up the timings we would have had 8 attendees – so apologies for the mix up but we had a good role up anyway. As discussed at the meeting please read about KIVA and give some consideration to donating a small amount to an account that I have established in the name of Rotary E-Club of D9700, Australia. Contact me by email for details of how to login and make a donation.

We can discuss starting to lend the funds we accumulate at the next Board meeting.

KIVA

Kiva is an international nonprofit, founded in 2005 and based in San Francisco, with a mission to connect people through lending to alleviate poverty. We celebrate and support people looking to create a better future for themselves, their families and their communities.

Website – https://www.kiva.org/

By lending as little as $25 on Kiva, anyone can help a borrower start or grow a business, go to school, access clean energy or realize their potential. For some, it’s a matter of survival, for others it’s the fuel for a life-long ambition.

100% of every dollar you lend on Kiva goes to funding loans. Kiva covers costs primarily through optional donations, as well as through support from grants and sponsors.

Kiva by the numbers:

2.4Million Borrowers in 83 Countries.

1.6M Lenders who have loaned $967.2M Loans funded through Kiva at 97.0% Repayment rate

It’s a loan, not a donation

Kiva believes lending alongside thousands of others is one of the most powerful and sustainable ways to create economic and social good. Lending on Kiva creates a partnership of mutual dignity and makes it easy to touch more lives with the same dollar. Fund a loan, get repaid, fund another.

You choose where to make an impact

Whether you lend to friends in your community, or people halfway around the world (and for many, it’s both), Kiva creates the opportunity to play a special part in someone else’s story. At Kiva, loans aren’t just about money—they’re a way to create connection and relationships.

Pushing the boundaries of a loan

Kiva started as a pioneer in crowdfunding in 2005, and is constantly innovating to meet people’s diverse lending needs. Whether it’s reinventing microfinance with more flexible terms, supporting community-wide projects or lowering costs to borrowers, we are always testing and learning.

Lifting one, to lift many

When a Kiva loan enables someone to grow a business and create opportunity for themselves, it creates opportunities for others as well. That ripple effect can shape the future for a family or an entire community.

 

Due diligence and monitoring

Kiva takes due diligence and monitoring very seriously as part of our responsibility to lenders and borrowers. We encourage all lenders to learn about the risks of lending on Kiva as Kiva does not guarantee repayment on any loans. Lending on Kiva may involve loss of principal, for a variety of reasons including if the borrower doesn’t repay, the Field Partner doesn’t repay or from currency loss.

The level of due diligence relevant to a specific loan on Kiva depends on a variety of factors, including how the loan is administered. Most loans on Kiva are administered by one of our local partners working in more than 80 countries. Kiva conducts due diligence on all Field Partners prior to allowing them to begin posting loans on the Kiva platform. To learn more about this process visit our Field Partner due diligence page.

Almost all Kiva loans for borrowers in the U.S. are direct loans, which are not administered by a Field Partner. This gives Kiva the ability to reach populations that even microlenders can’t or don’t serve, but it also means these loans often involve a higher level of risk or default. To learn more about the due diligence for these U.S. loans, please visit the due diligence page for direct loans.

 

The risks of lending

Microloans reach populations that have limited access to financial services, so these types of loans come with some inherent risks for lenders. When you lend money on Kiva, you may lose some or all of your principal. You should be aware of the different types of risk (some of which are outlined below) and find the right loan option for you, with respect to repayment risk and social return.

Kiva’s current repayment rate is reflected below. The “overall repayment rate for all loans” includes all loans in all countries, including loans that were repaid or defaulted and loans that are currently paying back. It also factors in currency loss. Please note that past repayment performance does not guarantee future results. To review the terms that apply to your use of Kiva, please see our terms of use.

In order to help reduce your risk exposure, you may wish to diversify your Kiva portfolio, thus reducing your exposure to any one borrower, Field Partner or country. For example, instead of placing $100 with 1 borrower, you may wish to place $25 with 4 borrowers in different countries.

Repayment rate statistics

  • Repayment rate for all loans: 97.0%
  • Repayment rate for ended loans only: 98.0%
  • Repayment rate for partner facilitated loans: 97.2%
  • Repayment rate for direct U.S. loans: 83.3%
  • Borrower repayment rate for all loans: 97.5%
  • Currency exchange loss rate: 0.5%