D5510 Nogales Microcredit Project Update

Surprise guest speaker Wayne Rish explained the D5510 micocredit project, its first.  This project began as a club project, picked up steam and became a district project worth more than $42,000 to help the poor in Nogales Mexico help themselves.  Our project will initially support approximately 15 groups of 15 individuals with microloans to begin or expand very small businesses.  The loan term is 4 months and the well proven repayment rate is 98%!  Our club was one of the very first supporters of this project.