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World Education Australia - no one deserves a life of poverty

World Education Australia - no one deserves a life of poverty

Published in: Business, Economy & Finance

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  • Transcript

    • 1. World Education Australia
    • 2. World Education Australia Enriching Human Potential
      • No one deserves a life of poverty. Through microfinance and skills training we enable the poor to increase their incomes and change their lives forever.
    • 3. Who we are
      • World Education Australia – established in 2003 as specialists in Microfinance and Livelihood Development
      • Part of the global World Education Network which is 57 years old & with offices in 25 countries; has worked in over 60 countries
      • World Education is an ACFID signatory and has been recommended for AusAID accreditation
      • CEO and Program Director are experts in the field of Microfinance - have consulted for AusAID, UN, USAID, ADB and more
    • 4. Our Core Work- The Three Pillars
      • The First Pillar- Microfinance
      • Provision of small loans and other financial services to poor people in order for them to start or expand self employment ventures.
      • A proven means for people to lift themselves out of poverty.
      • Provide access to appropriate financial services
        • Savings
        • Credit
        • Insurance
        • Remittances (payment transfer services)
    • 5. More than a Loan Integrated Microfinance
      • World Education Australia believes that loans are not enough- the right combination of microcredit with livelihoods and literacy support delivers the best results for the clients
      • The Second Pillar- Livelihoods
      • Micro-enterprise and income generating activities as well as life skills such as confidence building, hygiene, health, and leadership
      • Trainees assess market opportunities and develop a business plan
      • Training in sewing, pig raising, lime drying, growing new crops
      • Leadership training and peer support
    • 6.
      • Third Pillar- Literacy
      • Enable people to develop the basic foundation
      • skills of reading, writing and financial literacy
      • How can you run a business when you are unable to add or subtract?
      • How can you compare loan products if you don’t understand interest rates?
        • Basic literacy courses
        • Economic Education Classes
        • Financial Literacy courses
      More than a Loan Integrated Microfinance
    • 7. Why it works
      • Does not create welfare/aid dependency
      • Cost effective, sustainable and market oriented solution to poverty reduction
      • Builds self esteem– enables individuals to support themselves and their families
      • Poor people can invest in income-generating activities now and in the future, by becoming educated and empowered, and starting a business
      • Strengthens Communities
      • Financial services play an important role in supporting the growth of small businesses— crucial for creating jobs for low-skill workers
      • Grassroots level
      • 97% Repayment rate
    • 8. Multiplier Effect
      • Lending to one woman on average helps improve the lives of 5 others (World Education field experience)
      • Each $1 lent creates up to $30 in net income and expenditure (FINCA)
      • Greater investment in female education could yield a “growth premium” that raises GDP growth by .2% per year and income per capita by 14% by 2020  (Goldman Sachs “Women Hold Up Half the Sky”)
      • World Education Australia’s mission positively impacts 6 of 8 Millennium Development Goals
    • 9.  
    • 10. World Education Australia Projects
      • Good Return online loan portal
      • Tin Khamba- Nepal
      • Microbank- Laos
      • My Better Future- Cambodia
      • Others:
        • Tibet
        • Sri Lanka
        • Bangladesh
    • 11. Good Return Online Loan Portal
      • Members of the Australian public go online to provide a microloan to low-income individuals in Australia & developing countries.
      • Lenders have the opportunity to pick which entrepreneurs they would like to extend a loan to, and even choose the type of loan and the amount.
      • Lender will receive updates on repayments of the loan, and a summary about the entrepreneur and their business at the end of the loan term.
      • Loan amounts will start at $25 and will be repaid to the user at the end of the loan term, expected to be 12 months on average.
      • To help maximise the impact of the loans, World Education Australia will provide training to MFIs and the poorest borrowers.
    • 12. Why it will work
      • Other similar online models have raised over US $31,689,710 million through over 295,000 online lenders
      • Worldwide figures: 113 million existing microcredit borrowers, US$7 billion in loans with 97% repayment rate (UNCDF)
      • Public increasingly wants transparency and choice for their donations
      • Leveraging existing and successful partnerships / relationships
      • High profile, innovative and exciting social enterprise
      • Provides donors/lenders with direct connection with the beneficiary
    • 13.
      • The Tin Khamba (three pillar) project provides poor, low-caste and minority women with an opportunity to develop their literacy and numeracy skills, manage their own savings and credit groups, and improve their livelihoods.
      • Over 1.5 years, a disadvantaged Nepalese woman will participate in:
        • basic literacy classes
        • basic financial literacy classes, such as budgets and numeracy
        • starting and running savings and loan groups
        • livelihood workshops to gain skills  to start or expand her business
    • 14. Basic Literacy Classes in Makwanpur, Nepal
    • 15.  
    • 16.  
    • 17.  
    • 18. More World Education Projects
      • Laos- Microbank project
      • Pioneering microfinance in Laos with a project that focuses on poor, rural communities that lack access to financial services The project initially targets 10 villages in one district using a village banking model. This network of village banks and the supporting infrastructure will form the foundation of a sustainable microfinance institution (MFI) that will expand to other districts and provinces. Over 2,000 people will benefit from access to microfinance and lift themselves out of poverty
      • Cambodia- My Better Future
      • In one of the poorest provinces, Prey Veng, we work with local communities and government agencies to provide a path to a better future for teenage girls who have dropped out of the formal school system and are at risk of exploitation. The pathway comprises:
        • Six months of basic literacy and numeracy training (course developed with UNESCO).
        • Six to eight months of post literacy and livelihoods preparation. Students were involved in a range of practical life skills and livelihood activities
        • Savings group activities- to develop a savings habit, manage accounts, build a savings base, and link to MFIs
    • 19. Pic of cambodia
    • 20.  
    • 21.  
    • 22. WEAL- Income & Expenditure (Annual estimated)
      • Income $’000
        • Fundraising 400
        • Consulting 300
        • WE Inc 30
        • AusAID 50
            • 780
        • Expenditure
        • Staff 300
        • Admin 100
        • Projects 350
        • 750
    • 23. Investment Committee
      • Target
        • To raise $1 Million in 2008
      • Uses
        • Specific Projects both tax
        • Weal Infrastructure deductible
      • Administration - Board of WEAL
      • Reporting - Quarterly
    • 24. Thank you