Eliminating Poverty through Social Business Annual Review 2016
EliminatingPovertythroughSocialBusiness
AnnualReview2016
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TableofContents
Chair’sMessage 3CEO’sMessage 5KeyPrograms 8
• SocialBusinessHub,ManilaPhilippines 9• LivestockTrainingCentre,SiemReapCambodia 14• AutomotiveTrainingCollegeandWorkshop,DhakaBangladesh 17
OurBoard 18OurCommitment 212016GrameenFoundation(Australia)AuditedFinancials 22
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Chair’sMessage
OurStory
WeareamemberoftheinternationalGrameenfamilyandareinspiredbytheworkandvisionary‘alleviationof
poverty’philosophyofProfessorMuhammadYunus(NobelPeaceLaureate2006).
OurStatus
GrameenAustraliaisanAustraliannotforprofitorganisationwithType1DGRstatusapprovedundertheAustralianGovernment’sOverseasAidGiftDeductionSchemeandisaPublic
BenevolentInstitution(PBI)withtaxdeductibilityinAustralia.Itisanaccredited
memberoftheAustralianCouncilforInternationalDevelopment(ACFID)anda
signatorytoitsCodeofConduct.
OurMission
“Toworktirelesslytomakepovertyhistory”
Wecombineentrepreneurialcapacitybuildingwithsoundbusinessknowledgeandfinancialempowermentto
createsustainablewealthforthepoorestfamilies.
OurMessagetoourDonorsandStakeholders
“DonationsandSocialInvestmentfundstoGrameenAustraliahavealastingandincreasingimpactonthelivesofpoorpeople,empoweringthemtoliftthemselvesoutofpoverty.”
MultiplierEffect:2+2=22
• FundsarerecycledsoeachdonationisavailabletomultiplepeopleinpovertyThefundsarerecycledaftereach6monthloancycleandareusedagain
• FundsareusedtoencourageIncreasedCommunityExportandImportReplacementActivitiesFundsmaybeusedtodevelopsocialbusinessactivitiesthatcreateamarketforourmicro-entrepreneurstoincreasetheirincome
• FundsLeverageincreasedfamilyincomeandcommunityGDPYourDonationwillleveragebusinessandeconomicactivityinmarginalisedcommunitiesOurMission OurModel
“OurcreativemodelworkswiththedynamicsofbothSocialBusinessandMicrofinance”
SocialBusinessesgeneratemarketsformicro-
entrepreneursproductsandservices
Microfinanceencouragesmicro-entrepreneurstotakeonsensiblebusinessloanstogrowtheir
businessactivityfamilies.
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GrameenAustralia’smissionistoeliminatepovertyinsomeofAsia’smostneglectedcommunitiesbyapplyingourSocialBusinessModeltocreatenewsourcesofincomeforpovertystrickenfamilies.Ourdynamicapproachcombinescompulsorytraining,ongoingmentoring,microfinanceandleadingtechnologytoempowerbeneficiariestochangetheirownlivespermanently.SocialBusinessusesthetoolsofbusiness–efficiency,economicviabilityandinnovation–todrivescalableandsustainablesocialoutcomes.GrameenAustralia’sprojectportfolioincludesthreekeyinnovativeprograms:1. Philippines:GrameenSocialBusinessHubinManilafocusedonurban
microfinance,educationandsocialbusinessdevelopmentinManila’sslums(USD1,200,000raisedtodate).
2. Cambodia:LivestockTrainingCentretoprovidesecureincomeforscavengersonSiemReap’sdumpsiteandpoorruralcommunities(USD400,000raisedtodate).
3. Bangladesh:AutomechanicTrainingSchoolandWorkshop(AdvisoryRole)inDhakaprovidinginternationalstandardtrainingandapprenticeshipsforthechildrenofthepoorestGrameenBankborrowers(USD1.95mraisedtodate).
PeterHuntAM(Chair)
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CEO’sMessage
OurAchievements2015/16wasasignificantyearforGrameenAustraliawithourprojectsreachingkeytargetstoenablescaleupinouroperationstoincreaseoursocialimpact.Ourworkhasbeengenerouslysupportedbyakeygroupofphilanthropistsandsocialinvestors,enablingustoleverageintoourinnovativeprogramsforlong-termandsustainablepovertyeradicationinAsia.Keyperformanceindicatorsoutliningtheoureffectivenessare:
1. MoneyRaisedversusFundraisingCosts–7:12. DirectProjectCostsversusNon-DirectProjectCosts–3:13. ProjectCosts(non-direct+direct)versusAdminCosts–4:14. No.ofDirectBeneficiariesversusNo.ofStaff–71:15. ProjectStaffversusHeadOfficeStaff–13:16. GovernanceEfficiency:
o BoardandARCMeetingsHeldversusRequired–100%o BoardAttendanceRates–81%
MilestonesandGoals
Milestones2015/16 Goals2016/17 KeyAchievements1Q2016/17
SocialBusinessHub,ManilaPhilippines
• 1,656membersin39centresfromsomeofManila’smostneglectedcommunities
• 3,043compulsorybusinesstraininggraduates(inceptiontoJun2016)
• Totalloansof2,286(AUD456,764)
• AUD58,073intotalsavings
• RaisefundsofAUD1.2mtosupportexpansiontomorethan3,000loansbyyearend,impactingatleast10,000people
• Developmentofatleast2cooperativesocialbusinesseswithbulksalespotentialoutsidethelocalcommunitytoensureinflowoffunds
• SuccessfullyraisedfundsofAUD2.1m,whichwillsecuretheloanpooltoensurethereleaseof3,000loanswithinthenextyear
• 1cooperativesocialbusinessesestablishedinrag-making,withplansunderwayforatleast1additionalbusinesses
• Mobilebankingunderwayforallmemberstofacilitatemobileloanmanagement
• Savingsprogramandmicro-insuranceroll-outwellunderway
• Implementationoffull-scalefacilityincludingbanking,transfers,billpayingandinsurance
• Savingsandinsurancerolledouttoallbeneficiaries
• Testingprogramforfull-scalefacilityunderdevelopment
• Allbeneficiarieshavesavingsaccounts,andinsurancelevelsincreasing
InitialSocialImpacttestingconfirmedincomeincreasesatanaverageof47%
ExpansionoftheSocialImpactSurveytoallbeneficiariestofurtheranalysetheprogram’simpact
Programdevelopedtorollthesurveyout,withtestingoftheprocessunderway
PhnomdeiLivestockTrainingCentre,SiemReapCambodia
21Stage1graduates,14continuingonasStage2
Expandedapprenticeshiptrainingincludingcomputer
• Apprenticescurrentlymanagethechicken
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apprentices databasemanagement&marketing
statisticsdatabase• Astallwaspilotedby
apprenticestosellchickensatalocalmarket
Over200localpeasantfarmerstrainedinlivestockrearing
• IncreasedtrainingandchickensupplytolocalandinternationalNGOs
• Commencementofdevelopmentofa“VillagebasedChickenRearingModel”toincreasereachandimpact,andsecurefurtherscale
• Discussionswithpotentialpartnerscommenced
• Initialconceptdocumenttobecommencedearlyinthenewyear
• 4,500chickensattheCentre,withmarketssecuredatkeylocalrestaurants
• BiosecurityandchickenhealthtrainingprovidedbyindependentExpertinthefield
• Scalingtoastable8,000plusflocktosupportongoingsales
• Implementationoffullinternationalstandardbiosecurityandhealthprogramtosecuretheflock
• Flockstabilisingatnearly5,000,witharrivaloflargescaleincubatorinNovembertofurtherimprovehatchingrates
• Significantbiosecurityimprovementsunderway;expertadvisedvaccinationandhealthmanagementprogramunderway
AutomechanicTrainingSchoolandWorkshop,DhakaBangladesh
• First10studentscompletedyear1oftheir2yearcourse,withallstudentssuccessfullymovingtothemorechallengingandhands-ontrainingoftheyear2program
• 17newstudentscommencedinJanuary2016,andareprovidingtobeasdeterminedtosucceedastheinauguralintake
• AgreementfinalisedforCommercialWorkshoptoprovidenextleveltrainingforapprenticesandsecurefundingfortheSchool
• Secureadditionalinternationaltrainingsupporttofurtherimprovetrainingqualityandmovetowardsthemediumtermgoalof200studentsperannum
• DiscussionswelladvancedtowardsaCommercialWorkshopagreement
• Internationalinterestinsupportingtheprogramsecured,withdiscussionunderway
Sincethecloseoftheyearend,proceduralmonitoringoftheSocialBusinessHubidentifiedanissuewithlocalmanagementreporting.Aninternalauditwasundertaken,whichidentifiedthatasignificantnumberofloanswerelate.Asaresult,aremediationplanisbeingimplementedincludingchangesinlocalleadershiptostrengthenseniormanagement,anassessmentofallsystems,fullreviewoftheloanbookandtheintroductionofadditionalchecksandcontrolmeasuresintandemwithevenmore‘bank-like’practices.Thefinancialyear-endfortheSocialBusinessHubisDecember2016atwhichpointthesituationwillbefullydocumentedinpreparationfortheexternalaudit.TheSocialBusinessHubfinancialsarenotconsolidatedintothisreportasperNote1(e)intheAuditedFinancialReportincludedintheAnnualReview.
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SocialImpactLogicModelGrameenAustraliaiscommittedtodeliveringonitsmissiontousethepowerofsocialbusinesstoempowerfamilieslivinginextremepovertytocreatesustainablewealthandamoresecurelifeforthemselves.Toensureweretainaclearfocusonthiscommitment,wearedevelopingaSocialImpactLogicModeltodeterminetheOutputsandOutcomesofourprograms.Ouranalysisisfocusedoncapturingarangeofmetricstoenableustodrilldownintochangesinourbeneficiariescircumstancesincludingchangeinincome,savings,businessownership,jobscreated,housingsituationandspendingonfood,healthandeducation.SampleanalysishasbeenundertakeninourfirstborrowercommunityinManilawithearlyresultsconfirmingthesignificantandmeaningfulimpactourprogramishavingonthelivesofourborrowersandtheirfamilies.
DuncanPower(CEO)
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KeyPrograms
SocialBusinessHub,ManilaPhilippines
AutomechanicWorkshopandTrainingCentre,
DhakaBangladesh
LivestockTrainingCentre,
SiemReapCambodia
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SocialBusinessHubManila,Philippines
KEYSUCCESSES2015/16
103BORROWERSTO1,656BORROWERS
Purpose
IntheManilaslumswedevelopentrepreneursbyprovidingmicrofinanceproductsatthelowestpossibleinterestratesconsistentwithfinancialviabilityandgrowth.Educationiskeytothesuccessofourmembers–wepairaffordablecapitalwithbusinesstraining,
financialliteracyandongoingmentoring
People
Manila’surbanpoordeemedtooexpensiveandriskyfortheconventionalbankingsystem.Ourmembersarethelandlessorotherwiseneglected,livingindumpsitesand
squattercommunitiesandotherslumareasinurbanManila
2020Goals
Toestablishaprofitable,dynamic,impactfulmicrofinanceprogramwithcentresacrossurbanManilasupportingthebusinessaspirationsofatleast15,000borrowers,therebyimpactingupto75,000livesthroughincomeincreasesofatleastanaverageof40%
Providethefinancial,marketingandeducationalsupportforthedevelopmentofatleast6socialbusinessesthatbringstable,ongoingnewmoneyintotheircommunities
EstablishthereplicationoftheprogramthroughthedevelopmentofpartnershipsforimplementationinotherSEAsiancitieswithmajorurbanslums
UniqueAmongstMFIs
MAXIMISEtraining,capacitybuildingandongoingmentoringPROMOTEbusinessesthatprovideimport-exportreplacement,bringingnewincomeinto
communitiesMAXIMISEcloudandmobiletechnologytoensuredatatransparency,paperless
transactionsPROMOTEcommunityinvolvement,self-helpgroups,fosterlocalownershipand
environmentalawarenessMAXIMISEfamilyIncomebyprovidingcapitalataffordableinterestrates(halfthe
averageMFIrate)PROMOTEdevelopmentofsocialbusinessestoencouragediversemicro-business
opportunities
121batchesofStartYourOwnBusiness(SYOB)training3,043graduates
2socialbusinessesinitiated
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Achievements to 30 June 2016 • Increasing number of borrowers are growing their businesses following receipt of
loans with most doubling and some even tripling their income • 2,286 loans have been released to a member base of 1,656 borrowers (AUD
456,764). • Savings accounts established by borrowers to secure their financial future against
unexpected issues such as illness or natural disaster with AUD 58,073 in total savings.
• Loans in the process of going live in the cloud based Mambu IT loan management system
• 39 Centres established and 3,043 graduates of the compulsory business training • 3 businesses established, with sales secured:
o Soap – bars delivered to a Hotel in Australia to date, and successfully being used as fair trade soap for guests.
o Uniforms – initial order of shirts o Rags – commercial scale orders negotiated with corporate partner with ongoing
deliveries • Agribusiness social business development under negotiation with major corporate
partner
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1,126 1,656
2,200
4,500
- 500
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000
Dec 14 Dec 15 Jun 16 Dec 16 (Projected)
Dec 17 (Projected)
Tota
l No.
of M
embe
rs
Membership Growth
103
1,270
2,789 3,255
7,755
- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000
Dec 14 Dec 15 Nov 16 Dec 16 (Projected)
Dec 17 (Projected)
No.
of L
oans
Growth in Total Microfinance Loans
Note – A member is a previous or current ‘borrower’ and/or ‘saver’
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KEYOBJECTIVES2016/17 1) AchieveScaleScaleto6,500borrowersby2018and15,000borrowersby2020therebychangingatleast75,000lives
2) Technologically“TheBest”Cloudbasedmobilebankingtopowercashlessbankingtoincreaseeffectiveness,mitigatetherisksofcashanddecreasecosts
OngoingMentoringandTraining
TARGET2018
Scaleprojectto
6,500borrowerstoachievefinancial
sustainability
1SelfHelpGroup
2Training/businessplan
3Microloans&Savings
4WeeklyMeeJngs
5Successful
Entrepreneurs
Social-impact
BusinessesidenJfiedforfunding
100%loanrepaymentstodateMobileBankingSystem–maximisingcostefficiencyandsecurity
Createmarketsforlocallymade
goods
TARGET2020
Scaleprojectto
15,000borrowerstoachievea
bankingstatus
NewMarkets=NewMoney
BankingPartnerATMCard
MobilePhone Cloud TechPla7ormMAMBU
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3) CommunityInvolvementandTraining5stepCreditApprovalProcess:• Becomeamemberofoneofourself-helpgroupsandcentresinMetroManila• Successfullycompletethe“StartYourOwnBusiness”course–membersare
trainedinpracticalbusinessandcash-flowplanning• GrameenAustraliaAccountOfficerconductscreditbackgroundinvestigation• CentreCreditRecommendationCommitteewithAccountOfficerand3Centre
Leadersmustapprovetheloan• GrameenAustraliaCreditCommitteeendorsementLoanSecuredBy:• 2Guarantors–spouse+communitymember• LoanInsurance(possiblylifeinsuranceaswell)4) IncreaseBranchesinAreasofNeedDemandforourservicesisincreasingasawarenessoftheeffectivenessofourprogramgrows–scalewillprovideuswiththeopportunitytoreachthesecommunities.
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5) EnsureourDonorFundscreateaRealDifferenceMicrofinanceandSocialBusinessinvestmentcreatesapowerfulmultipliereffect
OneBorrower’sStory
25,000Loans
10,000Loans
1,000Loans
10Loans5YearImpact
$300
1Loan1Entrepreneureach6months
$30,000
2Centres100Entrepreneurseach6months
$300,000
1Branch1,000Entrepreneurs–
fundsrecycled
$500,000-$1m
Underwrite2-4Branches
2,500+Entrepreneurs
InvesHnginmicrofinanceandsocialbusinessloansmulHpliesyoursocialimpactupto10xin5yearsthroughloansbeingusedagainandagain.
Juliet’slivingconditionsinTaytaywereverybleak-herhomehadnofloorandis
regularlyswappedbyfloods
JulietjoinedtheHubandwasquicktorealizethepossibilities–sheisnowonherthirdloanandisakey
memberofaragcooperativesellingbulkproductstoaGrameenAustraliacorporatepartnerata
fairprice
JulietisnowourdynamicandinspirationalTaytay
Centreleader
Julietsayshergreatestachievementistonowbeabletofundhighereducationforher
children
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LivestockTrainingCentreSiemReap,Cambodia
KeySuccesses2015/16
Creatinghopeandfinancialsecurityfordumpsitescavengers
DevelopingaCentreleadingthewayinthecommercialrearingof
localKhmerchickens
Purpose
Weprovidetraininginbestpracticechickenfarmingmethodstoverypoorpeoplewiththeaimtoatleastdoubleourapprentices’incomesandensurelongtermfoodsecurity.Designedasasocialbusiness,thefarmsellsKhmerchickensandeggstoclientsinSiemReap,withprofitsfundingthecomprehensivetrainingofnearly20formerscavengersandlivestocktuitionforover200externalNGObeneficiaries.
People
FamilieslivingontheDumpsitenearSiemReapTown.ThesescavengersworklonghourseverydayinatoxicanddangerousenvironmenttoearnonlyaboutUSD1.50
perday
2020Goals
Toachievefinancialsustainabilityby2017throughthesaleofchickenandeggs,theprovisionoftrainingandchickenstoNGOsandtheirbeneficiaries,andtherentalof
thetrainingcentretolocalbusinessestohosttheirtrainingactivities.
Profitabilitywillprovidetheplatformtodevelopaneggproductionprogramtoprovidechicksforacooperativecommunitybasedchickenrearingprogramwith
familiestraininginrearingandfinanciallysupportedthroughmicrofinancetodeveloptheirownbusinessestoprovidechickensfortheCentre’snetworkofcustomers
PointofDifference
Establishedon3hectaresoflandnearthelocaldumpsite
Providesastable,fairincomeforgraduateswhogainemploymentattheCentreasapprentices
Khmerfree-rangechickenstosatisfyhighdemandfrommiddleandupperclassKhmers
Engagesworld-classchickenexpertsfromAustraliatoadviseonqualityandfarmpractices
Best-practicetrainingcentrethatcanbereplicatedinotherdistricts
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TheMultiplierEffectofDonatingtotheLivestockTrainingCentre
Achievementsto30June2016• Studentswhohavecompletedthe
firstphaseoftraininghavedoubledortripledtheirincomedependingonthenumberofhourstheycommittoworkingattheCentre
• TheCentre’smissiontomaximisesocialimpactwhilstfocusingonfinancialsustainabilityisreflectedinitsworkwithleadingInternationalandlocalCambodianNGOsworkingtoalleviatepoverty.TheCentreisprovidingtrainingtoteammembersandbeneficiariesoftheseorganisationsandsupplyingthemwithchickens.
• EstablishmentofanExpertAdvisoryCommitteecomprisingmemberswithmorethanacombined50yearsexperienceintheindustryhassupportedmajorimprovementsinbiosecurity,chickenhealthandqualityoffeedresultinginsignificantflockgrowth.
• SalesofchickenstothelocalhospitalityindustryaresteadilyincreasingduetostrongdemandforlocalKhmerchickenmeat.
• InfrastructureworkattheCentrehasbeencompletedwithnewchickenpenstomanagetheincreasednumbersandthepurchaseof3incubatorstoimprovebirthratesaseggnumberssteadily
PERFORMANCEOVERVIEW
Foodsecurity
Trainingfor5,000
5,000chickenhoused
10Loans5YearImpact
$400
1Loan
1Graduateeach6
months
$10,000
BuildanewBlock
attheChicken
Farm
$300,000
Onenewchickenfarm
trainingcentre
established
$500,000-$1m
Underwrite
developmentof
chickenindustry
InvesKngincommercialpoultryraisingforthepoorwillhavealargemulKplier
effectandprovidefoodsecurityformanythousandsofpeople.
ImpactMetric IndicatorJun-16
Budget(Dec-16)
Break-Even/Month
No.ofChickens 4,607 10,000 12,803Eggslaid/month 1,344 6,000 7,500ChickenSales(kg) 896 2,100 2,895Income/month(AUD) 4,626 10,623 15,923No.ofGraduatesWorkingontheFarm 15 15 -No'of'EnglishforChildren'Attendees 71 - -
FarmScale
Sales
Education
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OneScavenger’sStory
Sal,oneofourfarmers,wasascavengeronthelocaldumpsite
Salhasnowgraduatedfromourtrainingcourse
Salisnowresponsibleforday-to-daychickencareand
management…
…andsalesofourchickensatlocalmarkets
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AutomechanicTrainingCollegeandWorkshopDhaka,Bangladesh
(AdvisoryRole)
Purpose
Themissionofthesocialbusinessesistoprovidebest-in-classautomechanictrainingtocreatejobsforverypooryoungpeople.EstablishedasapartnershipbetweenGrameen
ShikkhaandSKDreamJapan,thisisaresidentialprogramthatleveragesJapanesetechnologyandfunding,andengagesautomechanicteachersfromAustraliaandJapan.
ProfessorYunusistheChair.
People
Post-secondarystudentsfromdeprivedandverypoorrural/urbanbackgrounds.Selectionisbyapplication
2020Goals
Toscaleoursocialbusinessto200studentsperyearandachievebreak-evenbyyear4.Commercialincomefromtheautomechanicshoppaysstudentfees.
Themarketfortheshopisnewwealthy/uppermiddleclasspeopleandcorporates.
PointofDifference
Providestraininginmarketableskillsandongoingmentoring
GoodlocationnearDhakacitycentre
Workshopispartofmajorautodealershipexposingstudentstoprofessionalqualitystandardsonadailybasis
ProvidesinternationalcertificationandEnglishandlocallanguagetuition
Thestudent’sfeesarefundedthroughcommercialincomefromtheworkshop
TeachersfromJapanandAustralia
Provideshands-onexperienceaswellassocialsupport
AchievementstoDate
• InitialworkshopandschoolpremisessecuredfromRangs,akeylocalbusinesspartnerandoneofBangladesh’slargestconglomerateswithexpertiseintheautomobilesector.
• NegotiationofapartnershipshareagreementwithRangsforlong-termsustainabilityandfinancialsecurity.
• EmploymentoftheHeadTeacher,aqualifiedInternationalautomobilemechanicandteacher.
• Initialcurriculumcompletedwithongoingdevelopmentastheprojectprogresses.• 100applicationsreceivedwith10studentsselected.Theapplicationprocessincludedchallengingpracticalandwrittentestsandformalinterview.
• CriteriaforselectionincludedthattheybefromtheverypoorestbackgroundswithfamilyincomebelowUSD150/month(USD5/day)
• Schoolcommencedon16thJanuary201.ThestudentscompletedtheirfirstyearinDecember2016andareprogressingverywell.
• Thesecondintakeof17studentscommencedtheirstudiesinJanuary2016
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OurBoard
PeterHuntAM,ChairPeterisChairmanandoneoftheoriginalfoundersofGreenhill(www.greenhill.com),aleadingAustraliancorporateadvisoryfirmthatisnowpartoftheglobalGreenhilladvisorygroup.Peterhasbeenadvisinglocalandmulti-nationalcompaniesandgovernmentsinAustraliaforover25years.Inthenotforprofitsector,PeterisChairmanofGrameenAustraliaandSoTheyCan(bothinvolvedinoverseaspovertyalleviationwork)anddirectorandfounderofWomen’sCommunityShelters.PeterisalsoamemberoftheAdvisoryCouncilsofMissionAustraliaandtheCentreforSocialImpact.PreviousrolesinthesectorhaveincludedaTrusteeoftheAnindilyakwaIndigenousMiningTrust,ChairmanoftheAMPFoundation,ChairmanoftheAustralianStringQuartet,TrusteeofStVincent’sClinicFoundation,adirectorofOdysseyHouseandadirectoroftheStJamesEthicsCentre.PeterwasmadeamemberoftheGeneralDivisionoftheOrderofAustraliaintheQueensBirthdayHonoursListin2010forservicestothephilanthropicsector.NigelAmpherlawAcharteredaccountantwithsignificantexpertiseinriskmanagement,technologyandauditservices.NigelrecentlyretiredaspartnerandpracticeleaderofPricewaterhouseCoopers,apositionheheldfor22years.Nigelcurrentlyholdsanumberofpositionsincluding:• Director,CUA(sinceMarch2011)–Chair,RiskCommittee&Technology
Committee• Director,QuickstepTechnologiesLtd–Chair,AuditandRiskCommittee
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LindleyEdwardsGroupManagingDirectorofAFGVentureGroup(www.afgventuregroup.com)anditsvarioussubsidiaries.TheGroupprovidescorporateadvisoryservicesthatincludemergers,acquisitions,divestments,capitalraisings,strategicconsulting,licensingandjointventures.AFGVentureGroupoperatesthroughouttheAseanRegion,withfullofficesinIndia,Singapore,IndonesiaandThailand.
PreviouslyLindleywasaStateManager(Vice-President)withCitibank.PriortothispositionshespentnineyearswithMacquarieBankandwasanAssociateDirectorwiththeCorporateBankingDivision.
SheisaFellowoftheFinancialServicesInstituteofAustralia.LindleyholdstwoundergraduatedegreesoneinAccountingandtheotherinBankingandFinance.ShealsoholdspostgraduatequalificationsinCorporateGovernanceandinvariousFinancialServicesregulatorycoursesandiscurrentlystudyingforaPhDinPhilosophy.MasudIsaCurrentlyadoctoralresearcherinRMITUniversityinMelbourne,MasudworkedwiththeNobelLaureateProfessorMuhammadYunus,founderofGrameenBankinBangladesh.HewastheheadofGrameenBank’sMonitoring,EvaluationandPlanningDepartment,andwasoneofthekeymembersoftheseniorexecutiveteam.HealsoworkedasamicrofinanceconsultantfortheDepartmentofForeignAffairsandTrade,UnitedNationsHighCommissionerforRefugeesandGrameenTrust.WhilstpartoftheGrameenBankteaminBangladesh,MasudwasontheBoardofseveralGrameenGroupcompaniesintheareasoftelecommunication,textile,agriculture,fisheries,education,healthcareandassetmanagement.HeledseveralGrameencompaniesastheManagingDirectorandCEO,includeingGrameenKalyan,GrameenTelecom,GrameenKnitwearLimitedandGrameenUddog.InAustralia,MasudIsaworkedforTheBusinessforMillenniumDevelopment(B4MD),aMelbournebasedindependentnot-for-profitorganisation,asDirectorofProjectspriortohiscommencingthePhDresearchworksin2013.HealsoworkedasSeniorPrivateSectorDevelopmentSpecialistinTheFoundationforDevelopmentCooperation;aBrisbanebasedinternationaldevelopmentorganizationbeforejoiningB4MDin2009.
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PaulMurnaneAcompanydirectorandcorporateadvisorwith35yearsexperienceinfinancialservices,consultingandgeneralmanagementinAustraliaandabroad.MostrecentlyhewasSeniorAdvisorofO’SullivanPartners,anAustraliancorporateadvisoryfirm.PriortothishewasanExecutiveDirectorofGoldmanSachsJBWere;andMDofRussellReynoldsAssociates(aleadingglobalexecutivesearchfirmwhereheprovidedstrategicadviceforChairmanandCEOs),followingdirectorshipsofseveralinvestmentbanksinAustraliaandabroad.HeholdseconomicsandbusinessadministrationdegreesfromtheUniversitiesofSydneyandNewSouthWales.Paul’spastandpresentservicestocommunityinclude:directorofMultipleSclerosisACT/NSW/VIC,MSResearchAustraliaandTheSydneyInstituteIanWatsonIangrewupinBirminghamandmovedtoAustralia,whereheheldseniorpositionsinequipmentleasingandstructuredfinance.HewasthefounderandCEOofPortfolioLeasing,aFordsubsidiary,andRentworks,aleadingplayerinoperatingleasing.In1996heestablishedUnisonFinanceGroupthathasevolvedintoaprivateinvestmentbusiness.Ian’sprimaryinterestinthenot-for-profitsectorismentoringentrepreneurshipandsocialbusinesses.IanretiredfromtheGrameenAustraliaBoardposttheFY2015/16yearend.
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OurCommitmentGrameenAustraliaisamemberoftheAustralianCouncilforInternationalDevelopment(ACFID),thepeakCouncilforAustraliannot-for-profitaidanddevelopmentorganisationsworkingtoattainaworldwheregrossinequalityandextremepovertyareeradicated.
GrameenAustraliaisalsoasignatorytotheACFIDCodeofConductandiscommittedtoensuringfulladherencetoitsrequirements.TheCodeisavoluntary,self-regulatorysectorcodeofgoodpracticethataimstoimproveinternationaldevelopmentoutcomesandincreasestakeholdertrustbyenhancingthetransparencyandaccountabilityofsignatoryorganisations.TheCodeaimstooutlinestandardsrequiredforprogrameffectiveness,fundraisinggovernanceandfinancialreporting.CommentsorcomplaintsregardingtheactivitiesofGrameenAustraliacanbelodgedeitherwithGrameenAustraliadirectlyortotheACFIDCodeofConductCommitteeGrameenAustraliaContact:Email:[email protected]:POBox256 NorthSydneyNSW2059ACFIDCodeofConductCommitteeContact:Email:[email protected]:http://www.acfid.asn.au/code-of-conduct/complaintsMail:CodeofConductManagementTeam PrivateBag3 DeakinACT2600
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2016GrameenFoundation(Australia)LtdAuditedFinancials
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2016GrameenFoundationOverseasAidFundAuditedFinancials
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