Friday Dec 11, 2015

Heidi Stephens Metz

Strategy Consulting Imani

“Imani: Banking4Good”

Scribe: Scott Hildebrand Introduced by: Alan Pratt

Speaker Program

View The Slide Presentation on One Drive

Our speaker, Heidi Metz of Imani was introduced by Alan Pratt. Alan told the club that she had grown up on Mercy Ships and was born in Switzerland. She has a particular interest in the developing world.

Heidi shared her brainchild, Imani, with the club. The company is designed to address several of the issues in the developing world that have to do with cash, its safe storage, safe negotiation and the prevention of disease associated with cash transactions in the third world.

She explained that in many developing countries, most of the people don’t have bank accounts or direct deposit, so workers must carry cash when they get paid, exposing themselves to thieves and others who would take the cash or try to have the workers part with their cash in some other illegal manner.

Many bills are rife with disease and make those handling cash sick. It is a matter of course in these nations that the wealthy and others of status will retain cash handlers, lest they not be directly exposed to the handling of cash. Also, because cash has such dangers associated with it, many of those providing services will not ask for cash upon delivery, but will expect the customer to hold money until the provider of the services needs the money.

Because of the manifold dangers of keeping money, many in the third world have begun transacting on their mobile phones, which is a better solution than handling cash, but the phone payment systems are expensive and not entirely reliable because phone companies are not banks.

The solution crafted by Metz is Imani, which means trust in an African language. Her company will provide secure transactions at an expense of one percent instead of the 15 to 40 percent charged by the phone companies. The company claims its transactions are fraud proof and guaranteed in part because the transactions are pushed by the consumer, not pulled by the service provider. So far, banks have been enthusiastically backing the idea.

Metz expects the product to kick off in Africa and it will go global in six years. The company is driven by an advisory council that has experience in high-tech, banking and international business. It holds several patents and has eight more on the way.

She was presented with a certificate donating 1,000 pounds of fresh produce to Rotary First Harvest made possible by Traci Tenhulzen and Tenhulzen remodeling.

Club Business

Introductions

President Paul called the meeting to order and reminded the club that the cost of the Anniversary Party would jump to $50 from $30 soon.

Scott Sadler offered a  prayer from John Wesley, “Do All The Good You Can” and led the club in the pledge of allegiance.

Wendi Fischer made introductions, which included no Rotarians, but two guests of Alan Pratt and our exchange student from France, Leonard.

The club recognized two students of the month, one for November and one for December, both from Sammamish High.

Student of the Month

The Student of the Month for November was Israel Martinez. Israel told the club about his involvement with Latino Heat, a Latino service club that does work with the Boys and Girls Club as well as elementary schools in the area. Israel said he had served as a mentor for many youngsters, which gave him great satisfaction. He excels at math and engineering and is hoping to attend the University of Washington to pursue his further education.

The Student of the Month for December, Banessa Gomez, has also been involved in a number of community service organizations where she has spent time with girls after school discussing and encouraging diversity. She plays basketball for the high school team and is hoping to attend UW, EWU or WWU next year.

Kindering Check Presentation

A check was presented to Kindering from the club’s proceeds from the 5k. Kindering accepted the check and told the club that the money would be used for its Autism programs and outreach to the community, including a Spanish-speaking outreach program.

Carmela led the club in an exercise in math.

Her purpose was to explain that members need to RSVP for their guests to several upcoming club events. She told the club that your willingness to tell the club whether you will or won’t be at an event will save the club money and heartache in determining how much food and space to allocate to you and your guests. She also reminded the club that the meeting on 1/8/16 will be offsite.

Several members of the club who are CPAs quizzed the club on a number of obscure and odd tax laws. The club was educated on horse racing losses, alcoholic beverages, human eggs and irish cows and the tax implications of each.

Thought for the Day

“Bank failures are caused by depositors who don’t deposit enough money to cover issues caused by mismanagement.”

Club Announcements

Please Log in to make an announcement

Club Admin: Website Committee

Get YOUR message out!!

You’ll have noticed over the last month that club announcements are now being distributed over email, and posted on the web-site.  Following on from today’s theme set by our glorious SAA:

True or False? (there is a hint – see if you can spot it)

  1. Publishing announcements on our website is really difficult – only someone like your 12 yr old granddaughter would be capable of such a technical feat.
  2. To publish an announcement, you should send an email to Paul Osborn (along with an Imani payment of $10).
  3. You don’t need to put your announcement on the website.  Just announcing it at the meeting will get dozens of members responding immediately to whatever you ask for.
  4. The scribes who write up the meeting notes always get all the details precisely correct when they type up any announcement you make during the meeting.
  5. Anyone can create an announcement on the website, directly from the home page by:
    • Selecting a relevant committee or project from the dropdown
    • Entering the Title, and typing the announcement, and if you like, insert pictures and hyperlinks
    • There are additional ‘easy’ features:
      • Use the ‘Request Replies’ option to create a handy blue button on your announcement
      • Use the ‘Additional Call to Action’ option and a yellow button will take interested members to the relevant project/committee, or to another website of your choice
      • Use the “Announcement Expires on” date for when the announcement should no longer be displayed

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Community Svc: Service Projects Committee

Give to our Giving Tree this Christmas!

By Morris Kremen

Please take a tag, and make some child or family really, really happy this Christmas.  Contact Morris if you need more tags, or if you forgot to pick one up at the meeting today.  Please remember to bring your new gift, unwrapped to next Friday’s, or take it to the home of Cassie Swoope and her family at 4133 158th Ave SE, Bellevue, before noon on Monday 14th

Anniversary Party

Get Your Anniversary Party Tickets Today!

Social Event  •   Organized by Club Admin: Fellowship Committee
By Carmela Ramaglia

It’s the Bellevue Breakfast Club’s 30th Anniversary Party on January 30th! Tickets are only $30 per person – until December 18th… then tickets go up to $50 per person. So save the date and get your tickets today!

Holiday Breakfast

Don't be a Grinch! Signing Up is a Cinch!

Social Event  •   Organized by Club Admin: Fellowship Committee
By Carmela Ramaglia

Twas the week before Christmas…

Our Annual Holiday Breakfast is Friday December 18th! Please register so we can get head counts for our festive food and fun activities!! Club members and the first guest are complimentary. Breakfast is $20 for each additional guest. This is one of our favorite club traditions for friends, families and fun!