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Five-Year Anniversary of Tsunami Marks Milestone for Grameen Foundation

In this issue

  • Five-Year Anniversary of Tsunami Marks Milestone for Grameen Foundation

  • Bankers Without Borders Volunteer Helps Haitian MFI Programs Increase Impact

  • World Wide Web Foundation Visits Grameen Foundation’s Application Laboratory (AppLab) in Uganda

  • Grameen Foundation, Oxfam America Climate Change Report Offers Recommendations to MFIs and Clients

  • Grameen Foundation, Microsoft Initiative Will Use Technology to Help MFIs Reach More Poor People



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Connections



Fall 2009 Edition of Grameen Connections is Now Available Online

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Watch Alex Counts discuss microfinance live on CSPAN's Washington

Journal, Weds, Dec 23, 9:30 am (EST)



Five-Year Anniversary of Tsunami Marks Milestone for Grameen

Foundation, Mitra Dhuafa Impact in Aceh



Aceh, Indonesia

December 26, 2009, marks the fifth anniversary of the Indian Ocean

tsunami. The disaster killed 225,000 people and devastated communities

off the coast of Sumatra, Indonesia. Two-thirds of these deaths

occurred in Aceh, a province in the northern tip of Sumatra.



In 2005, Grameen Foundation began its program in Aceh to support

long-term economic recovery. We partnered with a new

microfinance institution (MFI), Mitra Dhuafa, providing technical

support and over $2 million in funding to grow the MFI and expand

their outreach. In the four years of our partnership, they opened 10

new branches and reached over 16,000 clients—the largest

outreach of any MFI in the province. The success of our combined

efforts has allowed women like Ibu Hamidah, who lost her four

children, her home, and her family’s thriving tackle shop

business to the disaster, to overcome incredible odds and rebuild

their lives and the lives of their families. Her family’s new

shop earns them about $50 a day, and they aspire to recapture the

success their business enjoyed before the tsunami.



Mitra Dhuafa clients have repayment rates of about 98 percent,

compared to an average of about 60 percent in the area. Hamidah has

received six loans totaling $1,500, each with an incremental increase,

all which she repaid in six months.



Throughout our partnership, we have witnessed the Mitra Dhuafa’s

tremendous growth. The MFI has leveraged our support to access funding

from other donors, which has enabled them to expand. The MFI now has

21 branches and 26,000 clients throughout Indonesia.



2004-2009 Tsunami Initiative



http://gfusa.convio.net/site/R?i=9mIhEx5EG4MH3Q4A2kmLHQ..







Bankers Without Borders Volunteer Helps Haitian MFIs Increase Impact



BWB Volunteer

Eric Nelson, a Bankers without Borders® volunteer and former

executive at Capital One, visited our MFI partner Fonkoze in Haiti in

August to help them determine how their programs could better serve

clients. He met with clients of one such program, Chemin Lavi Miyo (or

Pathway to a Better Life), in which they are given assets such as

chickens or goats as well as intensive one-on-one training in business

development and self-esteem. Grameen Foundation hopes to replicate

these programs throughout the region to enable more MFIs to reach more

of the poorest women.





World Wide Web Foundation Visits Grameen Foundation’s

Application Laboratory (AppLab) in Uganda



Photo Credit World Wide Web Foundation

In November and December, Tim Berners-Lee, founder of the internet and

of the World Wide Web Foundation, and staffers got the chance to

visit Grameen Foundation’s Application Laboratory (AppLab) in

Uganda and observe our Community Knowledge Worker (CKW) Initiative.

The CKW Initiative, which is supported by a grant from the Bill &

Melinda Gates Foundation, explores how locally-based individuals

equipped with mobile phones can serve as “trusted

intermediaries” for small farmers. The World Wide Web

Foundation’s visit was part of a larger tour of Africa during

which the organization explored how the web can empower the people of

Africa and gained a better understanding of the barriers to technology

these people face.



 Photo Credit: World Wide Web Foundation



Read the World Wide Web Foundation’s blog

http://gfusa.convio.net/site/R?i=YAitJz3ffPaqcdtT54eGhQ..





Grameen Foundation, Oxfam America Climate Change Report Offers

Recommendations to MFIs and Clients



Climate Change

Grameen Foundation and Oxfam America released a report examining the

critical role MFIs can play in mitigating the impact of climate change

on poor people. Written by Asif Dowla, a noted microfinance expert and

professor of economics at St. Mary’s College in Maryland, the

report, “Climate Change and Microfinance,” points to key

poverty-related issues. Noting the active role MFIs already play in

poor communities around the globe, the report highlights challenges

facing them, particularly those working in agricultural regions, and

provides recommendations for “climate-proofing” their

existing services, including offering insurance for the most

vulnerable activities. “Despite the enormity of the problem, the

microfinance community has been largely silent about climate change,

except for some initiatives focused on green microfinance,”

Dowla said.





Read the report

http://gfusa.convio.net/site/R?i=Mf-t744gcflh2ClAxP7m2w..



Read Asif’s blog post

http://gfusa.convio.net/site/R?i=jZJQacaxJSXRCFJ_bwu43Q..



View Asif’s podcast

http://gfusa.convio.net/site/R?i=2nTPbDF4uFsMhbbjJb9BJw..





Grameen Foundation, Microsoft Initiative Will Use Technology to Help

MFIs Reach More Poor People



Grameen Foundation and Microsoft Corp. have announced a joint

initiative to help accelerate microfinance’s impact on poverty

alleviation through the strategic use of technology. This initiative

kicked off on Dec. 2 at the inaugural Microfinance Leadership Summit

in Manila, the Philippines, where Microsoft donated software worth up

to US$1 million to eligible MFIs attending the event. The summit,

“Fueling Growth: Strategic Technology for Microfinance,”

was cosponsored by Grameen Foundation and Microsoft, in partnership

with the Microfinance Council of the Philippines.

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