12 October 2015 — Muhammad Yunus and Microfinance


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THURSDAY, OCTOBER 15 — LUNCH AND DINNER — IT’S TIME for a tasty fundraiser to support ESTADO 29, an orphanage in Mexico long supported by our Club Member Jorge Vazquez and two friends of his in another local Rotary Club.  The generous owner of LOS GRINGOS LOCOS restaurant in La Cañada will donate 15% of what we spend (when we present THIS FLYER, printed or shown on your mobile device) any time on that date.  All of the proceeds will be used for the orphanage project to help the great kids.

SUNDAY, OCTOBER 25 — 12:30pm to 2:00pmOur FOURTH SUNDAY meeting for October! Special Guest Speaker: Janet Higgins, local outreach director for Be The Match and the national bone marrow registry.  We gather in The Fireplace Room at Denny’s, 5525 Sepulveda Boulevard in Sherman Oaks.  (Meeting reminders: Inspiration, David; Pledge, JoAnne; Four-Way Test, Brenda; Rotary Minute, Jorge; Mini Craft Talk: Linda W.)   BOARD OF DIRECTORS MEETING in The Fireplace Room at 11:00 a.m.

SUNDAY, NOVEMBER 8 — 10:00pm to 4:00pm  — The next ONE MORE ITEM FOOD DRIVE, in support of Valley Food Bank, at Gelson’s in Sherman Oaks.


We have launched our Clunkers4Charity fundraiser! If you know of anyone (yourself included) who wants or needs to donate a car for tax purposes, send them to our website…and to the Clunkers4Charity “Link” you see at the right side of this page. Funds we raise will go right into the community for our projects.









Rotary International likes to “name” its months.  October used to be “Vocational Service Month,” but that has been changed as of the current (July to June) Rotary Year.  It seems Rotary International may have forgotten to get the word out about the changes, because our local District thinks that October is still Vocational Service Month, and a cursory glance at Rotary Club Facebook pages from around the US and the world tells us that almost everyone thinks this is still called Vocational Service Month.

Fortunately, our Rotary E-Club of The Greater San Fernando Valley spares no expense in establishing a network of spies, and we dig up the latest information about anything that might help our Club and our Members better serve the community and world (and have fun while we’re at it).

It turns out that October is now “Economic and Community Development Month!”  We can roll with that, because our Members are looking forward to a major and exciting announcement during our October Fourth Sunday meeting on just that topic.  (No, we’re not telling you now.  No, not even if you pout; stop that.)

What does Rotary International mean by this new designation for October?  Here is all we can find so far: “Nearly 1.4 billion employed people live on less than $1.25 a day. Our members promote economic and community development and reduce poverty in underserved communities through training, well-paying jobs, and access to financial management institutions. Projects range from providing people with equipment to vocational training. Our members work to strengthen local entrepreneurs and community leaders, particularly women, in impoverished communities.”

What is our Club already doing about this concept?  We have started a new partnership with The Greater Contribution (TGC), which provides micro loans to women in Uganda to start and maintain a business and help rise out of poverty.  We enjoyed a wonderful visit some months ago from TGC’s founder, Karon Wright, teaching us about her program.  But how did micro finance come about in general?

To a great extent, the idea was created by Muhammad Yunus, whose idea was so powerful once implemented that in 2006 Professor Yunus and the bank he created jointly won the Nobel Peace Prize.

(Click here to read a brief bio of the Professor.)

In this 2012 TEDx Talk at an event in Vienna, Professor Yunus teaches us the history of his microfinance idea in an engaging talk that shows us that one person (or Rotary Club) can make a big positive difference.


If the embedded video does not work, please click here to view it on this TEDx page.


The opinions expressed by guest speakers, or in advertisements that appear on external websites linked to this program, are those of the speaker(s) / websites / advertisers and not necessarily of the Rotary E-Club of The Greater San Fernando Valley or its members. No endorsement is implied. Programs are presented for informational purposes only.



1 response to 12 October 2015 — Muhammad Yunus and Microfinance

  1. Micro loans are a terrific idea and our relationship with TGC is the perfect way for our club to be involved with that concept. I hope our involvement will grow as we see how the program works.

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