The Rotating Loan Project is a financial initiative aimed at providing small funding to members of an association or organization to support small businesses and individuals in the local community. This type of loan is called "rotating" because the repaid funds are reused to provide new loans to other members.

Project Goals

1. Member Support: Help members finance their small projects or meet urgent financial needs.
2. Local Economy Boost: Strengthen the local economy by empowering individuals and small businesses.
3. Financial Awareness: Promote awareness of financial planning and good money management.

Loan Features

• Recycling Funds: Repaid funds are used to finance new loans.
• Flexible Terms: Repayment terms are usually easier than traditional loans.
• Community Focus: Targeted to support members of the local community.

Target Groups

• Members: Association or organization members.
• Small Projects: Micro-businesses within the community.
• Women & Youth: Often focuses on empowering these groups economically.

Project Management

1. Application Review: Evaluate loan applications from members.
2. Loan Approval: Approve loans based on specific criteria.
3. Repayment Follow-up: Monitor installment payments to ensure fund rotation.
4. Training & Guidance: Provide financial management training.

Benefits

• Sustainability: Can be financially sustainable if well managed.
• Social Impact: Supports the local community and improves living conditions.
• Community Bonding: Strengthens ties among association members.