2014 ROTARY INTERNATIONAL CONVENTION
FINANCING A ROTARY
IMMEDIATE PAST PRESIDENT OF THE
ROTARIAN ACTION GROUP FOR MICROFINANCE AND COMMUNITY DEVELOPMENT
2009-14 DISTRICT 7070 INTERNATIONAL SERVICE CO-CHAIR
A potential Host (local) Rotary Club sees
need for a microfinance program to serve
low income people in their community.
HOST CLUB IDENTIFIES NEED
Locate a Rotary Club in another country to
partner with the Host (local) club or District
in co-sponsoring a Global Grant project.
FIND INTERNATIONAL ROTARY CLUB PARTNER
Locate a local Microfinance Institution
(MFI) who is capable and willing to manage
the Rotary project on a day-to-day basis.
FIND LOCAL MICROFINANCE INSTITUTION (MFI)
Obtain certification from each Rotary
District for all participating Rotary Clubs to
qualify for managing funds provided by The
ALL PARTICIPATING CLUBS OBTAIN DISTRICT CERTIFICATION
Form a committee of three Rotarian
members from each sponsoring club or
District to organize and supervise the
EACH SPONSORING CLUB FORMS SUPERVISORY COMMITTEE
Reach an agreement with the MFI and the
sponsor Rotary Clubs about the goals of the
project, its design, and the role of each
REACH AGREEMENT ON GOALS, DESIGN & ROLES
Prepare a Memorandum of Understanding
(MOU) with the MFI that is selected to
operate the program. This is a standard form
provided by The Rotary Foundation.
PREPARE MEMORANDUM OF UNDERSTANDING WITH MFI
Fill out the Global Grant Application
Supplement for Microcredit Projects. This
Rotary form describes specifically how the
micro loan portion of the project will be
operated. The MFI should provide most of
the information required for this form.
GLOBAL GRANT APPLICATION SUPPLEMENT FOR MICROCREDIT PROJECTS
You will need to review how The Rotary
Foundation’s matching financing works for
Global Grant projects by reviewing the
information at: www.rotary.org/take-
action/apply-grants. The minimum size project
is $30,000, using 100% DDF financing for the
local share. Your grant request from The
Rotary Foundation must be for at least
FIGURE OUT HOW TO USE MATCHING GRANTS TO FINANCE YOUR PROJECT
Complete the application for The Rotary
Foundation Global Grant on-line, through
Member Access on the Rotary website at
www.rotary.org. The International sponsor
club for the project may be able to take the lead
in filling out this form. The final financing for
the project will be shown at the end of the
Global Grant application form.
COMPLETE THE GLOBAL GRANT APPLICATION ONLINE
Establish a separate bank account to hold
the grant funds until they are needed by the
operating organization (MFI).
ESTABLISH SEPARATE BANK ACCOUNT
Sponsoring Host and International Clubs
need to raise the funding needed to match
The Rotary Foundation’s approved Global
Grant and District DDF.
RAISE FUNDS NEEDED FOR YOUR PROJECT
Work closely with the MFI in carrying out
the project and monitoring the results.
WORK WITH MFI TO CARRY OUT AND MONITOR PROJECT RESULTS
It is highly desirable for members of the
International Club to visit the Host Country
Club and MFI to establish personal
relationships with those involved.
INTERNATIONAL CLUB MEMBERS SHOULD VISIT HOST CLUB, MFI & PROJECT
Host and International Sponsor Clubs, with
MFI’s assistance, complete final report on
the project and submit to The Rotary
COMPLETE & SUBMIT FINAL REPORT TO THE ROTARY FOUNDATION