World Education Australia

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.

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.

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

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

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)

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)

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

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

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

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

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

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

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

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

World Education Australia Projects Good Return online loan portal Tin Khamba- Nepal Microbank- Laos My Better Future- Cambodia Others: Tibet Sri Lanka Bangladesh

Good Return online loan portal

Tin Khamba- Nepal

Microbank- Laos

My Better Future- Cambodia

Others:

Tibet

Sri Lanka

Bangladesh

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.

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.

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

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

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 Nepal

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

Basic Literacy Classes in Makwanpur, Nepal

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

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

Pic of cambodia

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

Income $’000

Fundraising 400

Consulting 300

WE Inc 30

AusAID 50

780

Expenditure

Staff 300

Admin 100

Projects 350

750

Investment Committee Target To raise $1 Million in 2008 Uses Specific Projects both tax Weal Infrastructure deductible Administration - Board of WEAL Reporting - Quarterly

Target

To raise $1 Million in 2008

Uses

Specific Projects both tax

Weal Infrastructure deductible

Administration - Board of WEAL

Reporting - Quarterly

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