World Education Australia
World Education Australia   Enriching Human Potential <ul><li>No one deserves a life of poverty.  Through microfinance and...
Who we are <ul><li>World Education Australia – established in 2003 as specialists in Microfinance and Livelihood Developme...
Our Core Work- The Three Pillars <ul><li>The First Pillar- Microfinance </li></ul><ul><li>Provision of small loans and oth...
More than a Loan Integrated Microfinance <ul><li>World Education Australia believes that loans are not enough- the right c...
<ul><li>Third Pillar- Literacy </li></ul><ul><li>Enable people to develop the basic foundation </li></ul><ul><li>skills of...
Why it works <ul><li>Does not create welfare/aid dependency </li></ul><ul><li>Cost effective, sustainable and market orien...
Multiplier Effect <ul><li>Lending to one woman on average helps improve the lives of 5 others  (World Education field expe...
 
World Education Australia Projects <ul><li>Good Return online loan portal </li></ul><ul><li>Tin Khamba- Nepal </li></ul><u...
Good Return Online Loan Portal <ul><li>Members of the Australian public go online to provide a microloan to low-income ind...
Why it will work <ul><li>Other similar online models have raised over US $31,689,710  million through over 295,000 online ...
<ul><li>The  Tin Khamba  (three pillar) project provides poor, low-caste and minority women with an opportunity to develop...
Basic Literacy Classes in Makwanpur, Nepal
 
 
 
More World Education Projects <ul><li>Laos- Microbank project </li></ul><ul><li>Pioneering microfinance in Laos with a  pr...
Pic of cambodia
 
 
WEAL- Income & Expenditure  (Annual estimated) <ul><li>Income $’000 </li></ul><ul><ul><li>Fundraising   400 </li></ul></ul...
Investment Committee <ul><li>Target </li></ul><ul><ul><li>To raise $1 Million in 2008 </li></ul></ul><ul><li>Uses </li></u...
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World Education Australia - no one deserves a life of poverty

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    1. 1. World Education Australia
    2. 2. World Education Australia Enriching Human Potential <ul><li>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. </li></ul>
    3. 3. Who we are <ul><li>World Education Australia – established in 2003 as specialists in Microfinance and Livelihood Development </li></ul><ul><li>Part of the global World Education Network which is 57 years old & with offices in 25 countries; has worked in over 60 countries </li></ul><ul><li>World Education is an ACFID signatory and has been recommended for AusAID accreditation </li></ul><ul><li>CEO and Program Director are experts in the field of Microfinance - have consulted for AusAID, UN, USAID, ADB and more </li></ul>
    4. 4. Our Core Work- The Three Pillars <ul><li>The First Pillar- Microfinance </li></ul><ul><li>Provision of small loans and other financial services to poor people in order for them to start or expand self employment ventures. </li></ul><ul><li>A proven means for people to lift themselves out of poverty. </li></ul><ul><li>Provide access to appropriate financial services </li></ul><ul><ul><li>Savings </li></ul></ul><ul><ul><li>Credit </li></ul></ul><ul><ul><li>Insurance </li></ul></ul><ul><ul><li>Remittances (payment transfer services) </li></ul></ul>
    5. 5. More than a Loan Integrated Microfinance <ul><li>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 </li></ul><ul><li>The Second Pillar- Livelihoods </li></ul><ul><li>Micro-enterprise and income generating activities as well as life skills such as confidence building, hygiene, health, and leadership </li></ul><ul><li>Trainees assess market opportunities and develop a business plan </li></ul><ul><li>Training in sewing, pig raising, lime drying, growing new crops </li></ul><ul><li>Leadership training and peer support </li></ul>
    6. 6. <ul><li>Third Pillar- Literacy </li></ul><ul><li>Enable people to develop the basic foundation </li></ul><ul><li>skills of reading, writing and financial literacy </li></ul><ul><li>How can you run a business when you are unable to add or subtract? </li></ul><ul><li>How can you compare loan products if you don’t understand interest rates? </li></ul><ul><ul><li>Basic literacy courses </li></ul></ul><ul><ul><li>Economic Education Classes </li></ul></ul><ul><ul><li>Financial Literacy courses </li></ul></ul>More than a Loan Integrated Microfinance
    7. 7. Why it works <ul><li>Does not create welfare/aid dependency </li></ul><ul><li>Cost effective, sustainable and market oriented solution to poverty reduction </li></ul><ul><li>Builds self esteem– enables individuals to support themselves and their families </li></ul><ul><li>Poor people can invest in income-generating activities now and in the future, by becoming educated and empowered, and starting a business </li></ul><ul><li>Strengthens Communities </li></ul><ul><li>Financial services play an important role in supporting the growth of small businesses— crucial for creating jobs for low-skill workers </li></ul><ul><li>Grassroots level </li></ul><ul><li>97% Repayment rate </li></ul>
    8. 8. Multiplier Effect <ul><li>Lending to one woman on average helps improve the lives of 5 others (World Education field experience) </li></ul><ul><li>Each $1 lent creates up to $30 in net income and expenditure (FINCA) </li></ul><ul><li>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”) </li></ul><ul><li>World Education Australia’s mission positively impacts 6 of 8 Millennium Development Goals </li></ul>
    9. 10. World Education Australia Projects <ul><li>Good Return online loan portal </li></ul><ul><li>Tin Khamba- Nepal </li></ul><ul><li>Microbank- Laos </li></ul><ul><li>My Better Future- Cambodia </li></ul><ul><li>Others: </li></ul><ul><ul><li>Tibet </li></ul></ul><ul><ul><li>Sri Lanka </li></ul></ul><ul><ul><li>Bangladesh </li></ul></ul>
    10. 11. Good Return Online Loan Portal <ul><li>Members of the Australian public go online to provide a microloan to low-income individuals in Australia & developing countries. </li></ul><ul><li>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. </li></ul><ul><li>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. </li></ul><ul><li>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. </li></ul><ul><li>To help maximise the impact of the loans, World Education Australia will provide training to MFIs and the poorest borrowers. </li></ul>
    11. 12. Why it will work <ul><li>Other similar online models have raised over US $31,689,710 million through over 295,000 online lenders </li></ul><ul><li>Worldwide figures: 113 million existing microcredit borrowers, US$7 billion in loans with 97% repayment rate (UNCDF) </li></ul><ul><li>Public increasingly wants transparency and choice for their donations </li></ul><ul><li>Leveraging existing and successful partnerships / relationships </li></ul><ul><li>High profile, innovative and exciting social enterprise </li></ul><ul><li>Provides donors/lenders with direct connection with the beneficiary </li></ul>
    12. 13. <ul><li>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. </li></ul><ul><li>Over 1.5 years, a disadvantaged Nepalese woman will participate in: </li></ul><ul><ul><li>basic literacy classes </li></ul></ul><ul><ul><li>basic financial literacy classes, such as budgets and numeracy </li></ul></ul><ul><ul><li>starting and running savings and loan groups </li></ul></ul><ul><ul><li>livelihood workshops to gain skills  to start or expand her business </li></ul></ul>Nepal
    13. 14. Basic Literacy Classes in Makwanpur, Nepal
    14. 18. More World Education Projects <ul><li>Laos- Microbank project </li></ul><ul><li>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 </li></ul><ul><li>Cambodia- My Better Future </li></ul><ul><li>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: </li></ul><ul><ul><li>Six months of basic literacy and numeracy training (course developed with UNESCO). </li></ul></ul><ul><ul><li>Six to eight months of post literacy and livelihoods preparation. Students were involved in a range of practical life skills and livelihood activities </li></ul></ul><ul><ul><li>Savings group activities- to develop a savings habit, manage accounts, build a savings base, and link to MFIs </li></ul></ul>
    15. 19. Pic of cambodia
    16. 22. WEAL- Income & Expenditure (Annual estimated) <ul><li>Income $’000 </li></ul><ul><ul><li>Fundraising 400 </li></ul></ul><ul><ul><li>Consulting 300 </li></ul></ul><ul><ul><li>WE Inc 30 </li></ul></ul><ul><ul><li>AusAID 50 </li></ul></ul><ul><ul><ul><ul><li> 780 </li></ul></ul></ul></ul><ul><ul><li>Expenditure </li></ul></ul><ul><ul><li>Staff 300 </li></ul></ul><ul><ul><li>Admin 100 </li></ul></ul><ul><ul><li>Projects 350 </li></ul></ul><ul><ul><li> 750 </li></ul></ul>
    17. 23. Investment Committee <ul><li>Target </li></ul><ul><ul><li>To raise $1 Million in 2008 </li></ul></ul><ul><li>Uses </li></ul><ul><ul><li>Specific Projects both tax </li></ul></ul><ul><ul><li>Weal Infrastructure deductible </li></ul></ul><ul><li>Administration - Board of WEAL </li></ul><ul><li>Reporting - Quarterly </li></ul>
    18. 24. Thank you

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