dāna asia · dāna asia helping invest equitably in asia 4 Social Business and Microfinance The...
Transcript of dāna asia · dāna asia helping invest equitably in asia 4 Social Business and Microfinance The...
dānaasiahelpinginvestequitablyinasia
1
dānaasiahelpinginvestequitablyinasia
dāna(Pali,Sanskritdāna)isgenerosityorGiving.InotherAsiancultures,itisalsothepracticeofcultivatinggenerosity
AnnualReview2014
dānaasiahelpinginvestequitablyinasia
2
TableofContents
CEO’sMessage 3
OperationalFocusandGovernance 7
WhereWeWork 8
KeyPrograms 9
CaseStudies 10
OurBoard 11
OurPartners 12
dānaasiahelpinginvestequitablyinasia
3
CEO’sMessage
InearlyMayIwitnessedthegrouptrainingsessionsinpreparationforthereleaseofthefirst10loansforourgraduatesofthemicro-financeprogramatourLivestockTrainingCentrenearSiemReap.TheywillstartraisingchickensontheirownlandafterhavinggraduatedfromDanaAsia'ssponsoredtrainingprogram.Iwashumbledbythedeterminationofthese8womenand2men.Therealworldwillstillprovidecontinuingchallengesforthem,buttheywillnolongerscavengeforrubbish.Insteadtheywillbecomeentrepreneurswiththeirownbusinessestorun,withtheirfocusonmeetingtheirfamilyfinancialneeds.Ourresponsibilityistocontinuetoadvisethemingoodanimalhusbandryandtoprovidethemwithagoodmarketpricefortheirbirds.
OurMissionDanaAsia’smissionistocombinesocialbusinessandmicrofinancewitheducationandtrainingtoovercomepovertyinsomeofAsia’smostdisadvantaged
communities.Wewanttobechangemakerstohelptransformthephilanthropicparadigm.Wearecommittedtopartneringwithourdonorsandsocialinvestorstodevelopprojectsthatproducelong-termsustainablechangeforboththeindividualbeneficiariesandtheirfamilies,andtheirbroadercommunities.InordertofacilitatethisprocessinMarch2014weformedaformalalliancewithGrameenAustraliatowidenourimpactstillfurtherbyincludingAustraliandonorsinourserviceandprovidingthemwithtaxdeductibilityontheirdonations.
2013/14Achievements2013/14hasbeenayearofsignificantdevelopmentforDanaAsiaaswemovedforwardwithimplementationofsomekeyprojects.WehaveactivelypartneredwithourgenerousphilanthropiststoensurefundingofUS$2,270,000todriveinnovationforlong-termandsustainablepovertyeradicationinAsia.IndoingsowehavespentjustUS$164,000onourowncosts.Ourcostsareintentionallykepttoaminimum.Wewanttoensuremaximumfundsgotothecommunitieswherewework.Wecontinuouslystrivetowardsgreaterefficienciessowecaneradicatepovertyforeveronepersonandonecommunityatatime.
dānaasiahelpinginvestequitablyinasia
4
SocialBusinessandMicrofinanceThemergingofsocialandcommunityneedforeconomicempowermentwithbusinessprinciplesunderpinsthedevelopmentofsocialbusinesses.Thesebusinessesaimtoovercomepovertythroughthegenerationofnewjobsforthepoorestpeoplewithallprofitsinvestedbackintothebusinesss
formaximumsocialbenefit.Microfinanceisanimportantelementinourdevelopmentmodeltoensurelong-termincomesecurityforbeneficiariesandtheirfamilies.Small,non-collateral,lowinterestloansprovidebeneficiarieswiththeopportunitytoapplytheskillslearntthroughparticipationinourprogramstosecuretheirincomethroughthedevelopmentoftheirownmicroandsmallbusinesses.TothisendDanaAsiahasoverseenthefoundingofanewmicro-financeInstitutioninthePhilippines.
EducationEducationunderpinsourphilosophyofchange,asitisthroughaccesstoeducationthatpeoplecangainthecapacitytochangetheirownlives.Familiessufferingfromdisadvantageandextremepovertyarepredominantlyhighly
motivatedtochangetheircircumstancesasamplydemonstratedbythedistancestheytravelandtheriskstheytaketoaccessincome.However,beingbornintoadifficultsituationresultsinalackofskillsandself-confidence,whichlimitstheirabilitytoaccessallbutthepoorestandmosthigh-risksourcesofemploymentsuchasscavenging,construction,fishingandfactoryworkofteninverypoorenvironmentsandatridiculouslylowwages.
EducationSnapshot
US$550,000offundingfor:
• SchoolConstruction,Furniture,
PlaygroundEquipmentand
MaintenanceProgramhas
providedqualityeducation
facilitiesformorethan1,200
students • EducationalProgramsand
Equipmenttosupportmore
than1,600students • 12UniversityScholarships • VocationalTrainingProgram
formorethan230students
SocialBusinessandMicrofinanceSnapshot
AutomechanicWorkshop&Training
Centre,Dhaka–US$1.15mcreating
employmentfor200disadvantaged
youthperyear ChickenTrainingCenter,Cambodia–
US$250,500tosupportupto55
beneficiariestoceasescavengingatthe
localdumpsite Microfinance&SocialBusinessHub,
Manila–US$180,000toprovideeducation,mentoringandmicrofinance
toupto1,200womenandtheirfamilies
overaninitial3years
IncomeGenerationProgram,Cambodia
–US$65,000formicrofinanceloansto
534membersincluding490femalesto
developsmallbusinessestosecuretheir
long-termincome
dānaasiahelpinginvestequitablyinasia
5
Educationisthefirststepforallourbeneficiaries,astheyarerequiredtocompletehigh-qualitytrainingcoursesbeforetheyareabletoaccessincomethroughparticipationinoursocialbusinessandmicrofinanceprograms.However,werecognisethatinitialtrainingaloneisnotsufficienttoensurethelong-termsuccessofourbeneficiaries’activitiessoongoingmentoringisprovidedtoguidetheiractivitiestowardslong-termfinancialsecurity.ThisisakeypointofdifferentiationbetweenouractivitiesandthoseofmanyNGOs’whoseprioritiescontinuallychangeandprogramsareoftenlefttoflounder,asaretheirbeneficiaries,throughinadequatelong-termmanagement
Oureducationactivitiesnotonlysupportouradultbeneficiariestosecuretheirfuturesthroughthedevelopmentofstablelong-termincome,wealsosupportchildrenandyouth.Wefundeducationalsupportprograms,schoolconstruction,universityscholarshipsandvocationalskillstraining.Theseprogramsensurefamiliesmiredinpovertyreceivetheeducationandsupporttheyneedtofulfiltheirpotential.Wealsoensuretheyhaveaccesstoqualityfoodandmedicine.
OtherSupportProgramsGoodhealthisanotheressentialelementforbeneficiariestoensuretheyareabletoescapepoverty,aseffectiveworkisimpossibleforthemalnourished.Poorhealthatayoungagestuntsgrowthandintellectualcapacityandlimitstheabilitytogeneratestableregularincome.Asaresult,DanaAsiahasgrantedUS$100,000tosupportanumberofhealthprogramsincludingbothaMaternalCareProgramandanOutreachProgramprovidinghealthandcounsellingfordumpsitescavengers.
Inotherinitiatives,wehelpedayoungeconomicsstudentwithanurgentlyneededheartoperation.Andweprovidedanartificialeyetooneofourapprenticeswhohadlostoneeyeduetoanaccident.
Ourprojectsaimalwaystoprovideessentialguidancetowardsindependenceforbeneficiarieslivinginsomeofthemostpoverty-strickenanddeprivedcommunitiesinBangladesh,Cambodia,Laos,Myanmar,thePhilippinesandThailand.Integraltotheeffectivenessofouractivitiesisoursmallteamthatisdedicatedtoourmission.Theyhavewide-rangingexperienceindevelopingphilanthropicstrategiesthatincorporatedonorpassionswithgenuineneed.IthanktheteamfortheirpassionandcommitmenttotheworkofDanaAsiaoverthepastyear.
dānaasiahelpinginvestequitablyinasia
6
TheYearAheadDanaAsiaisparticularlydelightedaboutthecollaborationwithGrameenAustralia,anditssupportinthedeliveryofground-breakingsocialbusinessandmicrofinanceprogramsthatareempoweringbeneficiariestochangetheirlivesandthelivesoftheirfamiliespermanently.GrameenisaNobelPrizewiningorganisationandthegloballeaderinthedevelopmentofsocialbusinessesandmicrofinanceprojectswithaspecificfocusoneducation,trainingandmentoring.Thecomingyearwillbeanotherexcitingoneasourkeyprojectsmoveintonewphasesthatwillexpandourreachintothemostneedycommunities,thereby
ensuringweareempoweringmorepovertystrickenanddisadvantagedcommunitieswiththeskillsandopportunitytosecureabrighterfuturewithoutpoverty.
DuncanPower(ExecutiveDirector)
SocialBusiness
48%
Microfinance25%
Health4%
Education23%
GrantMakingbyCategory
Bangladesh50%
Cambodia22%
Laos3%
Myanmar3%
Philippines8%
Thailand14%
GrantMakingbyCountry
KeyStatistics 2012/13 2013/14DanaAsiaCosts US$172,300 US$164,000FundsLeveragedtoProjects US$2,300,000 US$2,270,000LeverageRatio 13.4:1 13.8:1FundstoProjects 92.5% 92.8%BeneficiariesAssisted 5,600 5,450
dānaasiahelpinginvestequitablyinasia
7
OperationalFocusandGovernanceInthedevelopmentanddeliveryofallourprograms,impactandsustainabilityareourprimaryfocustoensurelivesarechangedpermanently.Wecompletethoroughassessments,duediligenceandfinancialauditsonallprograms,includingsitevisits,discussionswithbeneficiariesandmeetingswithlocalimplementationpartners,toensuretheeffectiveapplicationofgrantfunds.
Corporategovernanceandrobustfinancialandadministrationsystemsunderpinallouractivitiestoensurewealignwiththelatestinternationalbest-practiceinitiatives.WeworkcloselywithregulatoryandNGOauthoritiesinourjurisdictionstoensurewealignwithallrequirements.AttimesDanaAsiahascashthatissurplustoitsoperationalrequirements.Atthecurrenttimethismoneyisinvestedinsavingsaccountswithaninternationallyrecognisedbank.MichelleSawyer(DirectorofOperations)
‘Thepoorthemselvescancreateapoverty-freeworld…allwehavetodoistofreethemfromthechainstheythatwehaveputaround
them’
ProfessorMuhammadYunus,NobelPeaceLaureateandFounderoftheGrameenBank
dānaasiahelpinginvestequitablyinasia
8
WhereWeWork
Themostpoverty-strickenanddisadvantagedcommunitiesinthepoorestregionsandcommunitiesofSoutheastAsiaarethefocusofDanaAsia’swork.
Weformmeaningfulpartnershipswithourdonors,beneficiariesanddeliverypartnerstoensureallourprogramsarewelltargetedandhighlyeffective.
Ourmotivationistoimplementground-breakingprojectsthatprovidereal,long-termandsustainablesolutionstoovercomepoverty.
Projects
SocialBusinesses
Bangladesh• AutoMechanicTrainingCollegeand
Workshop,Dhaka
Cambodia• KhmerJapanChickenTrainingCentre,Siem
Reap
Philippines• MicrofinanceBusinessSchool,Manila
Microfinance
Cambodia• IncomeGenerationPrograms,SiemReap
Health
Cambodia• MaternalCareProgram,PhnomPenh
Education
Cambodia• KaliyanMith,SiemReap
• SreKandal,OddarMeanchey
Laos• BungKaew,Champasak
• UniversityScholarshipProgram
Myanmar• UYinLayKyaungMonasticSchool,Sagaing
Thailand• Children’sDevelopmentCentre,MaeSot
• FoundationforEducation&Development,Phuket
• MinmahawEducation&University
ScholarshipPrograms,MaeSot
• YouthConnect,MaeSot
KeyPrograms
DanaAsia’sMissionistoempowerpoorpeopletoclimboutofpovertythroughthedevelopmentofinnovativeandscalableprogramswithaparticularfocusonSocialBusinessprojectsandMicrofinanceinitiativesthatareunderpinnedbytheGrameenSevenPrinciplesofSocialBusiness.DanaAsia’spriorityistoworkwherearealdifferencecanbemadetothelivesofthoseingreatestneed.
OurKeyProjects
Microfinance&SocialBusinessHub,Manila• Hubprovidingeducationandongoingmentoringto
upto1,200ofthe‘poorestofthepoor’urbanslum
dwellers
• PotentialborrowersmustcompleteabusinesstrainingcoursedevelopedinconjunctionwithPwC
Manila,priortothereleaseofloanstoestablish
micro-businesses
• Leadingentrepreneurswillreceivesupporttowardsthedevelopmentof5-10socialbusinessesinPhase1
AutoMechanicCollegeandWorkshop,Dhaka• Developmentofatrainingcollegeforupto200studentsper
yearfromdeprivedandverypoorrural/urbanbackgrounds
• FocuswillbeonbestpracticetoensurequalitytrainingandhighWorkshopmargins
• WorkshopIncometopaystudentfeestoensurelongertemsustainability
PhnomdeiK.J.LivestockTrainingCentre,SiemReap• EstablishmentofaChickenFarmnearthelocaldumpsiteto
providealternativeincomeforupto80scavengersvia
comprehensivetrainingandhands-onexperience
• Flocksizeiscurrently2,000andwillreach10,000inthe
mediumtermatwhichpointtheCentrewillachievebreak-
even
• KhmerFree-RangeChickensrearedtobesoldasmeatandeggstosatisfyhighdemandfrommiddle/upperclassKhmers
• DevelopmentofhighqualitychickentasteandtexturehasresultedinstrongdemandfortheCentre’schickensand
eggs,ensuringpricesarewellaboveaveragelevels.
dānaasiahelpinginvestequitablyinasia
10
CaseStudies
SAL(17yearsold)Ayounggirlwhohasbeenbadly
abusedbyherfatherandonlyoneeye
duetoanaccidentwhenshewas8
yearsold.ShefinishedGrade5andcan
onlyreadandwritealittle.Sheistheoldestchildwithsixbrothersand
sisters.
ThoySalandher40-year-oldmother
aretheprimaryincomeearners,asher
40-year-oldfatherlosthislegtoamine
inthewarandisanalcoholic.Dumpsite
scavengingonlygeneratesincomeof
200,000-300,000rielspermonth
(US$50-75).
SaljoinedtheCentreinApril2014when
itwasestablished,toescapethe
violenceofherfatherbyestablishing
herownincomegeneratingbusiness
rearingchickens.Salhasdemonstrated
continuedcommitmentand
determinationtolearnandapplyher
skillseffectivelytogrowherflockand
increaseherincome.
InJanuary2014theCentretookherto
thePhnomPenhEyeHospitaland
organisedanewartificialeyeforher.Withthefinancialassistancesecured
byDanaAsiashehasnowgonebackto
schoolpart-timeandalsoworkspart-
timeasanapprenticeattheCentre.
RagMakingSocialBusinessArinaivillageisapoorcommunityinthe
flood-pronelakesidecommunityof
TaytayineasternManila.Theareais
partoftheclothingfactorydistrict
wherehighvolumesofexcesstextilesaredisposed.Nearbycommunities
purchasesmallamountsofthese
remnantstorecycleintoragsthatare
usedascleaningragsinfactories,
buildingsandotherindustries.
25womenfromthecommunityhave
participatedintheMicrofinancePilot
Programin2012andusedtheirloansto
makeragsfromthefabricoff-cuts.The
womenearnapproximatelyUS$3.00
perdayfromragmakingbutrequire
US$5.00perdaytoprovidebasic
essentialsforthefamilies.
TheMicrofinanceandBusinessHubin
Manilahasidentifiedthecommunityas
onewiththepotentialtoexpandintoa
SocialBusiness.Thewomenwillreceive
educationandbusinessskillstraining,
andmicrofinanceloanstoestablisha
cooperativetopurchaseexcesstextiles
inbulkatalowerpricethereby
increasingthemarginonragsales.Over
themediumtermthewomenaimto
expandtheirproductionintochildren’s
apparelandotherhouseholditems.
dānaasiahelpinginvestequitablyinasia
11
OurBoard
JulieWhiteWithmorethan30yearsexperienceinboththenot-for-profitandcorporatesectors–includingnineyearsastheHeadoftheMacquarieGroupFoundation–Juliehashelpedbuildnumerousbusinesscommunitypartnerships,basedonadetailedunderstandingoftheoftencompetingrequirementsofthetwosectors.JuliewastheinauguralChiefExecutiveofChiefExecutiveWomen,ChairoftheCoca-ColaFoundationandpreviouslyglobalheadoftheMacquarieBankFoundation.
PeterHuntOneoftheoriginalfoundersandChairofGreenhillAustralia,a
leadingAustraliancorporateadvisoryfirm.ChairoftheFairfaxFamilyOffice,ChairofSoTheyCan(EastAfricanCharity),atrusteeoftheAnindilyakwaIndigenousMiningTrustandadirectorandfounderofWomen’sCommunityShelters.
NasirHajiNasiristheManagingPartnerofamajorShippingCompanyinSouth-EastAsia.HewasborninKashmirIndia,butisnowbasedinSingaporeandisaSingaporeancitizen.Nasiralsohasinterestsinrestaurantsandmining.Nasirleadsafamilycharitytrustthatisrunning3SchoolsinaveryremoteareaofKashmir
ChrisBreachChrisisawell-recognisedpropertyprofessionalwithover35yearsexperience.ChriswasemployedbyMacquarieAssetServiceswithinMacquarieBankfor17yearsandwasresponsibleforacquisitionandmanagementoftheportfoliosofpropertiesin
thedifferentMacquarieTrusts.ChriswasthefoundingChairofCharitiesAidFoundation(CAF),andheldtheroleforover10years.CAFraisedandmanagedover$100millionforphilanthropicprojectsinAustraliaandAsia.
dānaasiahelpinginvestequitablyinasia
12
OurPartners
GrameenAustraliaGrameenAustralia'svisionistohelpcommunitiesto
applybestpracticebusinessprinciplestohelpthe
pooroutofpovertyindevelopingcountries.The
organisation’smissionistopromoteanddelivermicrofinanceprogramsandsocial
businessesthroughbothdirectinvolvementandadvicetopartnersoncreativeprogram
delivery.GrameenAustraliaservicesinclude:1. DevelopingandOperatingMicrofinanceProgramsthatarecarefullygeared
towardsbenefitingthepoorestandmostdeprived.2. SocialBusinessAdvisoryServicebasedontheadvancedexperienceofstaff
andadvisorsbuiltupovermanyyears.
CambodianChildren’sFund Foundedin2004,CambodianChildren’sFundprovideslife-
changingeducation,nourishmentandhealingtovulnerable
childrenfromsomeofCambodia’smostdestitutecommunities.
OriginallyCCFfocusedonthehealthandwellbeingof45
children,howevertodaytheFundcaresfornearly2,000children
andtheirfamilies. TheFundofferseducation,healthcare,nutritionandsafesheltertochildrenandtheirfamiliesinneed.
Friends-InternationalWithheadquartersbasedinCambodia,Friends-International(FI)
hasbeenassistingmarginalisedchildren,youthandtheirfamiliesacrosstheworldsince1994.Todate,theorganisationhas
initiatedandsupportedprogramsinCambodia,Laos,Thailand,
Indonesia,Honduras,Mexico,MyanmarandEgypt.
Eachyear,theFIprogramsprovidedirectsupportto50,000
marginalisedchildrenandyoungpeople(particularlystreet
children/youth),offeringarangeofcomprehensiveservicesas
partofaholisticapproachtoassistingchildren(andtheirfamilies)toimprovetheirlives.
Throughlisteningtoandlearningfromyoungpeople,theorganisationdesigns
progressiveandstrategicprogramsaimedatprovidingmaximumassistancetothem.