Read the report - Grameen Foundation

ANNUAL
REPORT
2014 – 2015
WHEN
MICRO
GOES
MOBILE
ABOUT
GRAMEEN
FOUNDATION
Grameen Foundation harnesses the power of mobile technology
to deliver a vital mix of financial, agricultural and health services
and information to the world’s poorest people. Our innovations
enable women, smallholder farmers, and poor communities to build
their assets, start small businesses, educate their children, protect
their health, and strengthen their resilience.
Through combining digital expertise, local knowledge, and strategic
partnerships we drive innovations that address specific needs of
poor households, and enable families to thrive.
Grameen Foundation began in 1997, inspired by the work of Nobel
Laureate Professor Muhammad Yunus and the Grameen Bank. Their
microloans sparked innovation among the poorest of the poor, paving
new paths to prosperity. Professor Yunus was a founding member of
our Board of Directors and today serves as member emeritus.
Our high standards and efficiency have been recognized by
Charity Navigator, the Better Business Bureau’s Wise Giving Alliance
and Guidestar’s Exchange Seal.
www.grameenfoundation.org
RIGHT: A Grameen Foundation Community
Knowledge Worker examines coffee berries
in Uganda. (Credit: Grameen Foundation)
WHEN
MICRO
GOES
MOBILE
TABLE OF
CONTENTS
2
LETTER
Alex Counts, Founder, and
Steve Hollingworth, President and CEO
3
ORGANIZATIONAL CHANGE AT
GRAMEEN FOUNDATION
Message from Robert Eichfeld,
Chairman of the Board
4
OUR PROGRAMS
14
TOOLS AND PROGRAMS FOR
THE ANTI-POVERTY COMMUNITY
15
GRAMEEN FOUNDATION BOARD
& EXECUTIVE LEADERSHIP TEAM
16
FINANCIALS
17
FAMILY OF SUPPORTERS
20
BANKERS WITHOUT
BORDERS VOLUNTEERS®
22 TAKE ACTION
23
CONTACT
LETTER FROM
ALEX COUNTS, FOUNDER,
AND STEVE HOLLINGWORTH,
PRESIDENT AND CEO
In 1997, when Grameen Foundation was
launched, more than one in three people in
the world lived in extreme poverty. Today,
that rate stands at under 15 percent. But,
while remarkable, this progress also masks a
more complex reality. Poverty rates are falling
unevenly across countries, leaving pockets
of persistent poverty that will likely be much
harder to uproot, and income inequality
has deepened. The burden of poverty also
falls more heavily on women, as gender
discrimination means that women have far
fewer resources with which to cope.
To close these gaps and to end extreme
poverty, the world’s poorest people need
access to life-changing financial, agricultural,
and health information and services.
Today, digital and mobile technology offers
unprecedented opportunities to expand
such access and to help poor families end
generations of poverty. Realizing this potential
remains at the core of our mission.
As we look back on the past fiscal year, from
April 2014 through March 2015, we are struck
by the committed partnerships and pure grit
involved in enabling mobile technology to
truly serve the poor. Although it is relatively
easy to build a cell phone application, it is far
more challenging to design and roll out mobile
technologies that meet the needs of women
and men at the base of the economic pyramid.
02
www.grameenfoundation.org
It depends not only on digital expertise, but
also on aligning the interests of resource-poor
farmers, women, and partner institutions that
can ensure innovative technologies reach all
those who can benefit.
Our lessons and successes over the past year
have further demonstrated the power of mobile
technology in advancing financial inclusion,
increasing farmers’ incomes and resilience,
and improving health.
These successes have only been possible
with the support of our donors and
partners – and we deeply thank you.
Signature
Alex Counts, Founder
Signature
Steve Hollingworth, President and CEO
ORGANIZATIONAL
CHANGE AT
GRAMEEN FOUNDATION
MESSAGE FROM ROBERT EICHFELD,
CHAIRMAN OF THE BOARD
Fiscal year 2014-2015 was one of transition
for Grameen Foundation. It marked the last
full year that founder Alex Counts served as
President and CEO before transitioning those
responsibilities to Steve Hollingworth.
Grameen Foundation staff work every day
with organizations in the throes of change,
as they adopt new technologies and ways
of functioning, so we know the personal and
organizational resources that make such
change successful. We are thankful for Alex’s
long tenure and visionary leadership, as he
remains actively engaged as our Founder.
Moving forward with President and CEO
Steve Hollingworth; a seasoned leadership
team; a staff unsurpassed for its talent and
dedication, and our invaluable partners and
donors our goal is to measurably benefit the
lives of 25 million more people by 2025.
Signature
Robert Eichfeld, Chairman of the Board
We look forward to building on the
achievements of Grameen Foundation’s first
18 years, during which its innovations and
partnerships benefitted 25 million people.
Our focus now, as when we began, is improving
life for the world’s poorest people. We continue
to draw inspiration from the work of Professor
Muhammad Yunus, who founded the Grameen
Bank in Bangladesh in 1983 to serve the
poorest of the poor.
LEFT: A coconut farmer in the Philippines inspects
a tree for damage. (Credit: Grameen Foundation)
www.grameenfoundation.org
03
OUR PROGRAMS
When microfinance goes mobile,
possibilities abound. And it’s not
only financial services that can be
widely delivered to underserved
communities. Agricultural and
health information, services and
training can all go digital.
A look at our three major programs:
Financial Services, Mobile
Agriculture and Mobile Health
show how Grameen Foundation’s
innovations have made a difference
over the past year. Working directly
in Colombia, Ghana, India, Kenya,
the Philippines, and Uganda we
have tackled key challenges to
promote progress out of poverty.
Along the way, we have
strengthened the ability of
institutions to serve the poor, and
built networks of local trainers
who bridge the gaps in comfort or
trust that arise when people adopt
new technologies or engage with
unfamiliar institutions.
04
www.grameenfoundation.org
RIGHT: In Colombia, we provide information and
training to help farmers improve their yield.
(Credit: Alexander Rieser for Grameen Foundation)
DIGITAL FINANCIAL
SERVICES FOR THE POOR
The rural poor make up 90 percent of
people who live on less than $1.25 per day.
They typically lack basic financial services.
Microloans, secure ways to save or make
payments, and crop or health insurance
are largely beyond the reach of some two
billion people around the world.
But such financial access can be
transformative—and can now reach millions
more through mobile-enabled innovations.
As the 2014 Global Findex Database
report notes, “When people participate in
the financial system, they are better able
to start and expand businesses, invest
in education, manage risk, and absorb
financial shocks.”
Grameen Foundation works with
microfinance institutions, banks,
mobile network operators and others
to create, test and scale digital financial
solutions that meet the needs of poor
families and women.
[ ]
Through our Microsavings
for the Poor program,
we engaged 922,000
new savers in the
Philippines, Ethiopia, and
India, from 2009-2013,
pioneering the use of
digital money.
LEFT: With mobile banking services, microfinance clients
like Kusum in Uttar Pradesh, India, can bank safely.
(Credit: Grameen Foundation)
TRIPLE LOCKS
FOR GROUP SAVINGS
IN UGANDA
“They [the members] like the
security so much, since it’s just
a SIM card that is being used.
It is impossible for a thief to
know that you have money kept
on it — not like those big boxes,
where anyone could see that
you’re carrying money and
hence rob you.”
— Namwase Sara,
Kiyunga Youth Drama Group, Uganda
Almost a third of Ugandans use informal
village savings groups because they
are more convenient than formal bank
accounts. Group members regularly
save a fixed amount, sometimes as little
as 20 cents a week, and savers can take
out small loans. A triple-locked metal box
stored in members’ homes typically holds
these savings.
Working with two Ugandan institutions,
Airtel Uganda and Plan Uganda,
Grameen Foundation developed Airtel
Weza, allowing savings groups to store
their cash on a phone as mobile money.
To provide group-level security, it requires
each of three group members to enter
individual pin numbers for withdrawals.
The three also receive SMS confirmation
[ ]
Beginning in 2014, our
Digital Financial Services
program in Uganda has
enabled 121,000 people
to access digital products,
increasing efficiency and
decreasing risks for both
clients and financial
service providers.
messages for each transaction. Within less
than a year of its launch in April 2014, more
than 250 groups (6,250 subscribers) in
Uganda had registered for the service.
Also in Uganda, the Mobile Money
Accelerator Program, funded by the
Bill & Melinda Gates Foundation,
enabled two financial institutions—Pride
Microfinance and Centenary
Bank—to extend their services to 121,000
Ugandans. Grameen Foundation partnered
with the local technology company
Cellulant to design a system that enables
pro-poor financial institutions to plug into
networks of mobile money operators.
This allows customers to make deposits
or payments via mobile money, simply by
visiting their local mobile money agent.
It saves users travel costs and time and
reduces the security risks of carrying cash
long distances.
ABOVE: Aminah Naigaga, 21, belongs to a local savings
group in Eastern Uganda. With loans from the group,
she paid for school fees, started a samosa business and
bought a cow. Using Airtel Weza, the group’s savings are
secure, and its members no longer need to travel 13 miles
to the nearest bank. (Credit: Grameen Foundation)
www.grameenfoundation.org
07
INDIA’S RURAL WOMEN
GET CONNECTED
The formal banking system does not
reach most poor citizens in India. Only
about 35 percent of adults—and 26
percent of women—have an account at
a formal financial institution. Formal bank
branches are distant from most poor
rural communities, and banks have few
incentives to build branches to serve poor
and widely dispersed populations. On the
other hand, many field-based microfinance
institutions (MFIs) don’t have enough capital
to meet the needs of all the people living in
poor rural areas.
ABOVE: Sonata and Grameen Foundation are teaching women in Uttar Pradesh, India, how to repay microlans
via mobile phones. (Credit: Grameen Foundation)
[
]
Grameen Foundation and our partner
Cashpor engaged 150,000 of the rural
poor in microsavings plans in Bihar State,
India. We are now working with the
microfinance institution Margdarshak
to bring financial services to nearly 40,000
people, most of them women living on
less than US $2.50/day in Uttar Pradesh.
08
www.grameenfoundation.org
Grameen Foundation’s recent work in India
is expanding financial inclusion for the poor
by combining the strengths of commercial
banks and of field-based microfinance
organizations. We are working the MFI
Margdarshak to transfom its network
of field-based agents into “Business
Correspondents” who can represent
far-better resourced commercial banks.
The program is reaching out to 40,000
new customers, most of who are poor
women in Uttar Pradesh, a state where
three-quarters of the population lives on
less than US$2.50 per day, and is scattered
across 100,000 villages.
The project builds on previous Grameen
Foundation work with the Indian
microfinance organization Cashpor, which
reached 150,000 new savers in Bihar State.
SARI-SARI STORES
OFFER DIGITAL
IN THE PHILIPPINES
Of the Philippines 7,107 islands,
more than one-third have no banking
infrastructure, and only one-in-five
people living in rural areas has an
account with a financial institution.
On the other hand, there are more
than 500,000 registered “sari-sari”
stores—the “mom and pop” stores of the
Philippines, where rural people purchase
goods daily. These locally accessible
stores could serve as decentralized
hubs providing mobile money and
digital financial services.
To realize its vision of financial inclusion
across the Philippines, Grameen
Foundation is continuing its work with
CARD Bank, the Philippines’ largest
microfinance institution. Our partnership
previously extended microsavings
accounts to 481,500 people. The added
security that formal savings services
provides can be the difference between
surviving an emergency — whether a
natural disaster or a healthcare problem
— and losing everything to it.
In 2014-15, we collaborated on a new
program to help CARD provide mobile
banking services that will enable its
clients to repay loans, make payments,
and conduct other transactions through a
network of mobile agents, many based at
sari-sari stores.
ABOVE: There are 500,000 registered sari-sari stores across the Philippines, whose operators can serve as agents
providing digital financial services to people in poor communities. (Credit: Grameen Foundation)
[
]
“Using this technology,
everything becomes easier.”
– Lourdes, fish vendor,
Philippines
www.grameenfoundation.org
09
mAGRICULTURE SERVING
SMALLHOLDER FARMERS
The ability of the world’s 500 million
smallholder farm families to improve
their productivity, connect to markets,
and adapt to climate change will make
the difference between a food secure
world, and one that is increasingly
hungry and malnourished. Yet many
poor farmers—and especially
women—have limited or no access
to information or financial resources
to improve their livelihoods.
We work with governments, the private
sector, farmers’ associations, and civil
society to empower farmers with relevant
and timely information and financial
services. Mobile programs also link farmers
to large-scale buyers, enabling them to
expand their farm enterprises and build
their assets.We deliver these mAgriculture
programs through community-based
networks of advisors who are trusted
by farmers.
[ ]
Our backyard garden
project in Colombia has
reduced food insecurity
from 15 percent to
4 percent among
participating households.
This represents monthly
savings equivalent to
approximately US$25.47
per family—or 28 percent
of their food expenses.
LEFT: A technician from a coffee cooperative in Medellín, Colombia,
reviews plans with a farmer. (Credit: Grameen Foundation)
DYNAMIC & DIGITAL
AGRICULTURE
IN GHANA
BACKYARD GARDENS
FIGHT HUNGER
IN COLOMBIA
We expanded our mAgriculture initiative
to Ghana, where we work with Farm
Radio International and Digital
Green to increase food security for
farming communities in five regions.
Together, we disseminate information
on best agricultural practices and
crops through mobile phones, radio,
videos and agricultural extension
officers that visit the communities.
The project is supported by the New
Alliance ICT Extension Challenge
Fund, whose donors include the U.S.
Government’s Feed the Future initiative
through USAID and UK-Aid in the
United Kingdom.
“I like that I am constantly
learning and my mother is
very proud of me.”
– Jessica, Community Knowledge
Worker, Colombia
Though farming is the backbone of
Colombia’s economy, many poor families
cannot get affordable, quality food and
earn little from their crops. We work
with the provincial Government of
Antioquia to improve food security
through MANA, a community backyard
garden project supported by the Food
and Agriculture Organization of
the United Nations (FAO). In addition,
we help small-scale farmers grow more
produce to sell in larger markets.
Using mobile phones and our TaroWorks™
app, government technicians collect
information on food production across
the community, and specially designated
advisors train farmers on agricultural
best practices. This has increased the
supply of quality food in the community
and enabled poor farming families to
increase their incomes.
COMMUNITY
KNOWLEDGE
WORKERS LEAD
IN COFFEE FIELDS
Meanwhile, through Lideres
Productores, Community Knowledge
Workers in Colombia work with coffee
farmer cooperatives, increasing their
productivity, connecting them to
viable markets and helping them attain
Starbucks’ C.A.F.E. (Coffee and Farmer
Equity) certification
for sustainable production practices.
This certification enables farmers to sell
to larger, better-paying coffee buyers.
As a Community Knowledge
Worker, I feel confident making
technical suggestions to other
coffee farmers. Women farmers
see me as an example to follow.
Having women Community
Knowledge Workers empowers
women and the community.
– Mabel, Community Knowledge
Worker, Colombia
www.grameenfoundation.org
11
MOBILE HEALTH
Globally, more than one-third of people
do not have access to healthcare, and,
every year, catastrophic health costs push
about 100 million people into poverty.
It is estimated that the effective delivery
of health care to all will require an additional
10.3 million health workers. Educating this
vast cohort will take time and resources
that are not yet fully in hand. But mobile
technology can help.
Grameen Foundation uses mobile
phone technology to extend health
services to poor populations: educating
pregnant women and mothers about
safe delivery and nutrition; and training
community-based health workers to
diagnose, treat, and monitor a range
of conditions.
[ ]
Organizations in 15
countries are using
MOTECH, Grameen
Foundation’s mHealth
platform. In India,
MOTECH aims to reach
more than 10 million
pregnant women and
mothers, and train more
than 1 million healthcare
workers by 2018.
LEFT: Collecting patient information via mobile phones gives
nurses in Ghana more time for patient care. (Credit: Bill & Melinda
Gates Foundation)
HEALTH ON THE GO
IN GHANA
SCALING mHEALTH
THROUGH MOTECH
worker performance, strengthening
last-mile supply chain, and improving
patient adherence.
“My volunteer alerted me using
the mobile app about a woman
who had a home delivery but
had the placenta in the womb
for hours... For me, that timely
communication I received from
the volunteer contributed to
saving the life of the woman.”
The core technology for Mobile
Midwife became the basis for
MOTECH, an open-source tool to
standardize and simplify mobile health
programs globally. MOTECH is powerful
enough to reach millions of people, and
to inter-operate with national information
and health systems. It works across key
health service areas: behavior change,
managing patient data, improving
In 2014-15, our largest MOTECH program
was in India, where we worked with the
national government of India and
BBC Media Action to pilot a program
that will offer information services on
maternal and child health to more than
10 million pregnant women and mothers
of newborns, and train more than 1 million
health care workers who serve them.
— Stella Nuque, Community
Health Nurse; Dokploame
CHPS Compound
In Ghana, roughly one in 13 children dies
before age five, and risk is highest during
the first month of life. Our early work in
mobile health included Mobile Midwife
and Nurses Application in Ghana, which
informed 24,000 pregnant women about
safe motherhood and used mobile phone
technology to help health workers better
serve those women.
In 2014-15 we followed this work with
the CHN on the Go (Community
Health Nurse) app, piloted with
Concern Worldwide, John Snow
International and the Ghana Health
Service. Its up-to-date medical reference
and training guides provides professional
development and support for nurses
working in remote areas.
ABOVE: Community health worker Manju Kumari advises Chandrika Devi on how best to care for her
15-day-old infant. Using MOTECH, Manju shares health advice delivered over her mobile phone through videos,
graphics, and voice messages. Manju is part of the Ananya program run by CARE in the Indian state of Bihar.
(Credit: Bill & Melinda Gates Foundation)
www.grameenfoundation.org
13
TOOLS AND PROGRAMS FOR
THE ANTI-POVERTY COMMUNITY
Grameen Foundation
has developed tools and
incubated organizations
that support the entire
community of poverty-fighting
organizations. Hundreds
of groups used these
open-source, low-cost
tools in 2014-15 to improve
decision-making,
collaboration, and impact
tracking; to make service
delivery more affordable
and efficient; and to
access finance.
BANKERS WITHOUT
BORDERS® (BWB)
PROGRESS OUT OF
POVERTY INDEX® (PPI®)
Launched by Grameen Foundation in
2008, BwB is now the world’s largest
reserve corps of professionals dedicated
to social enterprise. Through collaborations
with Fortune 500 companies such as
JPMorgan Chase, Google and Wells
Fargo, and through individual volunteer
recruitment, BwB attracts a global talent
pool of volunteers who provide consulting,
coaching, and training services to over
210 social enterprises worldwide focused
on poverty reduction. Since 2008,
BwB volunteers have provided 279,000
hours worth $15.4M for 1,128 projects
around the world.
Building on Grameen Bank’s “10 Indicators
of Poverty” that brought rigor and mission
accountability to measuring the poverty
reduction outcomes of its microfinance
work, we developed a generic tool now
used in dozens of countries for poverty
measurement. As of March 31, 2015, at
least 350 organizations were using the
PPI. Together these organizations serve
133 million beneficiaries.
GROWTH GUARANTEE
PROGRAM
Between 2005 and 2015, this loan
guarantee facility launched by Grameen
Foundation facilitated $235 million in
commercial capital to poverty-focused
microfinance institutions and enabled
more than 1.2 million people to receive
microloans.
14
www.grameenfoundation.org
TAROWORKS
TM
Since 2013, 65 social enterprises and
nonprofits across 30 countries have used
TaroWorks software to support 171,400
poor micro-entrepreneurs and improve
the lives of 3.3 million poor beneficiaries.
TaroWorks software enables organizations
working in remote areas to collect data,
monitor their impact and manage field
operations in real-time using mobile
devices. Grameen Foundation launched
TaroWorks as an independent wholly
owned LLC subsidiary in May 2015.
Grameen Foundation’s
work is driven by our belief
that everyone deserves a
chance to achieve their
full potential. Our core
values—which champion
innovation, embrace
partnerships and respect
local ownership and
entrepreneurship—guide
us. Working together
with our partners,
Grameen Foundation
has already benefited
some 25 million people,
and our goal is benefit
25 million more by 2025.
BOARD OF GRAMEEN
FOUNDATION 2016
GRAMEEN FOUNDATION
EXECUTIVE LEADERSHIP 2016
Robert Eichfeld, Chair
Peter F Cowhey, Vice Chair
Ricki Tigert Helfer, Vice Chair
Beverly Armstrong
Peter Bladin
Carlos Fonseca
Vikram Gandhi
Jim Greenberg
Paul Hilal
Steve Hollingworth
Nelson Mattos
Rosanna Ramos-Velita
Elisabeth Rhyne
David Russell
Pradeep Singh
Zubyr Soomro
Eleanor Wagner
Si White
Steve Hollingworth
President and CEO
Emeritus Members
Susan Davis
Paul Maritz
Muhammad Yunus
Founder
Alex Counts
David Edelstein
Deputy CEO
Joshua Tripp
Chief Operating Officer/
Chief Financial Officer
Camilla Nestor
Senior Vice President,
Programs and Regions
Steve Andersen
Chief Technology Officer
Patricia Devereux
Vice President, External Affairs
Julia Soyars
General Counsel and
Assistant Corporate Secretary
Norm Tonina
Special Advisor to the Business
Management Team
BOARD EXECUTIVE
COMMITTEE
Bob Eichfeld, Chair
Peter Cowhey, Vice-Chair
Ricki Helfer, Vice-Chair
Steve Hollingworth, President/CEO
Eleanor Wagner, Treasurer
Elisabeth Rhyne, Secretary
Rosanna Ramos-Velita, Member
www.grameenfoundation.org
15
CONSOLIDATED STATEMENTS
OF FINANCIAL POSITION [ AS OF MARCH 31, 2015 ]
SUPPORT AND REVENUE
Contributions and grants 17,322,284
Program revenues
2,694,522
Government grants
Interest and investment income
944,041
195,823
Loan interest
175,431
In-kind contributions
4,870,819
TOTAL SUPPORT & REVENUE
26,202,920
EXPENSES
TOTAL EXPENSES
Programs
81%
Management
and general
18%
Fundraising
1%
PROGRAM EXPENDITURE
Information Access
43%
Financial Services
28%
Poverty Tools
16%
Regional Services
PROGRAM SERVICES
Public Education
9%
4%
Regional services
1,999,040
Financial services
5,782,775
Information access
8,936,564
Contributions & Grants
Poverty tools
3,385,736
In-kind
Public education
744,076
Program Revenues
10%
Total program services
20,848,191
Government Grants
4%
Investment Income
0.7%
Loan Interest
0.7%
SUPPORTING SERVICES
16
HOW YOUR DOLLARS ARE SPENT
Management and general
4,558,283
Fundraising
263,166
Total supporting services
4,821,449
TOTAL EXPENSES
25,669,640
Changes in net assets before other items
533,280
www.grameenfoundation.org
TYPE OF FUNDING
66%
18.6%
SOURCES OF CONTRIBUTION
Foundation
39%
Corporation
22%
Other Nonprofit
19%
Household
10%
Government/
Multilateral
9%
OF SUPPORTERS
FAMILY OF SUPPORTERS LIST
(JAN 1, 2014 – MARCH 31, 2015)
You – our family of
supporters – are
responsible for
the amazing
accomplishments
of Grameen
Foundation.
We are immensely
grateful for your
support and
partnership
in our work.
LIFETIME $1,000,000+
American Red Cross
Barclays Bank
Bill & Melinda Gates Foundation
Chiapas International
Cisco Systems Foundation
Cisco Systems, Inc.
Citi Foundation
Concern Worldwide
Craig and Susan McCaw
Foundation
Dimagi
DKT International
John and Ann Doerr
eBay Foundation
Ford Foundation
Fund for the Poor, Inc
Johnson & Johnson
JP Morgan Chase Foundation
Marie Stopes International
Paul and Yaffa Maritz
Rick and Mahasti Mashhoon
MasterCard Worldwide
Janet McKinley & George Miller
Michael and Susan Dell
Foundation
Omidyar Network
Qualcomm Incorporated
David and Susan Russell
The MasterCard Foundation
U.S. Agency for International
Development
Yeardley Smith Foundation
$1,000,000+
Bill & Melinda Gates Foundation
Dimagi
DKT International
Johnson & Johnson
JP Morgan Chase Foundation
MasterCard Worldwide
U.S. Agency for International
Development
$500,000 - $999,000
Concern Worldwide
eBay Foundation
Marie Stopes International
MetLife Foundation
Qualcomm Incorporated
$100,000 - $499,999
Barclays Bank
Capital Group
Chiapas International
Cisco Systems Foundation
Cisco Systems, Inc.
Citi Foundation
Clifford Chance Foundation
Ford Foundation
GSM Association
Janet McKinley & George Miller
The Moody’s Foundation
Overseas Resources Foundation
David and Susan Russell
$50,000 - $99,999
CGAP
Vikram Gandhi*
Government of Antioquia,
Colombia
Keith and Mary Kay McCaw
Family Foundation
Ricki and Michael Helfer
Rock Paper Scissors
Foundation
Salesforce Foundation
The Rumsfeld Foundation
Wilbur and Jane Quint
Yeardley Smith Foundation
$25,000 - $49,999
Chris Dooley
Craigslist Foundation
Deborah Fink and Wilmer Wilson
Lauren Katzowitz Shenfield
The Kaphan Foundation*
Eugene and Carol Ludwig
Donald Mankoff and
Neelam Patel
Nethope
River Star Foundation
Steve and Lexy Shroyer
Pradeep and Rubie Singh
Working Assets
Opportunity Makers
$10,000 - $24,999
Bladin and Lou Family
Advised Fund
Bochnowski Family Foundation
Matthew and Karen Byron
Charles and Roberta
Katz Foundation
Loreto Crisorio
Stephen and Heather Davis
Delta: A California Corporation
Howard and Sara Ann Erichson
Robert Friede
Susan Karp and Paul Haahr
Joseph Higdon and Ellen Sudow
Henry Wendt
Family Foundation*
Holzer Family Foundation
Hope for Poor Children
Foundation*
Dorothy Largay
The Linked Foundation*
Kumar Mahadeva and Simi
Ahuja
Nelson Mattos
Janet McKinley and
George Miller*
Stephen and Stephanie Mehlis
Bette Moorman
Mariana Moreau
David Sivak
Paul and Pamela Robb
Rockefeller Foundation
Roger and Susan Stone
Family Foundation
Schwab Fund for
Charitable Giving
Abby Sher*
Carolyn Surgent and
Jacques Friedman
Suja Thomas and Scott Bahr
Tomberg Family Philanthropies
Eleanor Wagner
$5,000 - $9,999
Cynthia Britt Mandell
BT Rocca Jr. Foundation
Carita Foundation
Charles and Gail Muskavitch
Foundation
Robert Cloutier
Peter Cowhey and
Margaret McKeown
David and Nathalie Cowan
Dianne Smith Goggan
Family Foundation
Robert and Lore Eichfeld
Fitch Ratings
Robert Geary
www.grameenfoundation.org
17
Michael and Anne Germain
Henrik Gwinner
Jan Hatzius and Linda-Eling Lee
Monwhea Jeng
Keith Kiernan Foundation
Bruce and Susanne Landau
Elizabeth A. Latshaw
Christian Louboutin
Louis C. Skinner, Jr. Foundation
Timothy and Stacy Lutz
Motley Fool
Kiran and Jigisha Patel
Prudential Foundation
Rosanna Ramos-Velita and
Hans Levin
Joel Rubinstein and Sylvia Sabel
Julian and Ruth Schroeder
Steve Serra
Prasad and Shoma Setty
Michael and Carolyn Smith
Reginald Smith
Patrick Sullivant
The Leonora Foundation, Inc.
Tom Tapp
Gene Ulrich
Marsha Whitmarsh Klein
Si White and Cathy Pendo
$1,000 - $4,999
Amanda Ackerman
Shantanu Agrawal and
Kavita Parikh
Nina Ahluwalia and Scott Juntti
The Alan L. Blum Family Fund
John and Sharon Amdall
Avie Consulting, Inc.
Elizabeth Ayer
Nelson and Judy Bard
18
Jean Barolet
David Barrad
Henry and Debbie Baskin
Linda Bellama
Nathan Belofsky
William Benac
Andrea Benfer
Keith Bernstein
Helen Betts
BFK Foundation, Inc.
Rakesh Bhalla
Jaime Bisceglia
Bishop Family
Zachary W. Bohler
Jeffrey Bonvallat
Bronwyn Bowen
Charles and Joan Brown
Willard Brown
Sheila Burris
Johan Buys
Paul and Carol Caldron
Mike and Laura Carns
Joel Carp
Alan and Janan Carter
Marilyn Caufield
Stephen and Lani Cavit
Sharyn and Vincent Cerniglia
Joanna Chapin
Brian Chau
Bernard George and
Lea Ann Chen
Susan and Ronald Choy
Richard Clampitt and
Rachel Hurst
Jacqueline Clark
Susanne and Benjamin Clark
Dimitri and Myrto Cocconi
Alex Counts and
Emily Wainwright
Samuel Coxe
Margaret Crandall
Margaret Crone
Dawn and Thomas Crotty
C. Cryer
Michael Curtin and
Audrey Ichinose
Tim J. Cutler
Scott Daley
Ann and Anthony Davies
Susan Davis and Claudia Slacik
Alice Davison
Davis F. and Sara K.
Weston Fund
Elizabeth Denison
Stephen Denninger
Ben and Christine Diehl
Firoz Dosani
Gordon and Beverly
Dukerschein
Suvro Duta
Roni Efron
William and Roberta Erwert
Robert and Viola Everett
Jennifer Farrington
Adam Fass
Dan and Julie Feuerborn
Robert Finger
Carlos and Elena Fonseca
Charles and Elizabeth Flood
Joseph Foley
Ned Freed
Susan Freeman
Michael Frerker and Allison Park
James Fritz
Tyler Fultz
Linda Garberson
Jeremy Geddert
Bob Gerber
GRAMEEN FOUNDATION FY 2015 ANNUAL REPORT // List of Supporters
Joseph Giles
Glein Family Foundation
The Glenn Family
Global Impact
Richard and Christine Greek
Mark Green
Jim and Lisa Greenberg
Sadja Greenwood
John and Tiana Grgurina
Guerrant Foundation
Andrew and Teresa Gunther
Giselle Hagenmayer
Joe and Luisa Hamilton
Maroof Haque
Lois Harrington
Winston Henderson
Daniel Hepp
Ronald and Glenda Herzog
John Hirschi
Steven S. Hoge
IBM Employee Services Center
ImpactAssets
Inn Touch in Key West
Institute of International
Education
Harold and Lyn Isbell
Herbert Jalowsky and
Joanne O’Brien
Andrew Jelmert
Joe Elman Memorial Fund
Koshy John
Andrew Johnsen
Karen Johnson
Rony Josaphat
Nina Kang
Mary Kantor
Lynn Kaufelt
Stanley and Maureen Kayes
Max Keller
Michael Kemp
John Kennedy
Michael and Karen Kennedy
Ben Kerman
The Key Foundation
Shen Khan
Michael Kieschnick
Megan Kiesel
Namsik Kim
Paul and Diane Kolak
Thomas and Juna Krajewski
Kuljian Trust
Pranish and Maria Kumar
Jean Lawrence and Peter Petri
Lawrence E. Irell & Elaine Smith
Irell Foundation
John Lipsky
Marilyn and Lawrence Levy
Brian and Amy Maas
Marvin and Jane Maas
Karen Macko
Lena Malik
Bruce and Cindy Markey
Maxine Marron
LuAnn Marz
Jon McAlister
Erin McConahey
McKinsey & Company, Inc.
Micky McKinley
Medtronic
Thomas and Michelle
Melsheimer
Emalyn Mercer
Jonathan Mooser and Sara
Brannin-Mooser
Harold and Karen Mortensen
James Morton
Andreas Muno
Suresh and Meera Muppalla
Jim and Fran Naylor
John Neeley
Ursula Neuburger
Brian and
Robyn Nordstrom Lane
The Oak Tree Philanthropic
Foundation
David and Gwenda Oeth
Chikai Ohazama
Theresa O’Leary
Robert and Deborah Oliver
Joshua Olken
Cory and Diane Olson
Damon and Kimberly Oshita
Lee Owen
Phil, Linda, and Zane Pace
Union Palenshus
Marcia Parry
Vikas and Lois Passi
The Patterson Foundation
Nick Pavlina
Matthew Pfile
The Philip Devon Family
Foundation, Inc.
Philip J. and Carol J. Lyons
J. Edson Pinto
John Poole
Janniah and Shanti Prasad
Colm and Rena Prendergast
James Protz
The Rabahy Foundation
Jay Rahman and Laura LaBerge
Ann and Jerry Raisch
Larry Reed
Gerald and Hannah Rees
John M. Renfro
Frank Reuter
RGF Family Fund
Karen F. Rhodes
William and Pamela Rhodes
Elisabeth Rhyne
Richard and Lois Gunther
Family Foundation
Cornelia von Rittberg
Virginia Rogers
Monica Rohrer
Joel Ross
Birendro Roy
Paul and Joyce Ryan
Christian de Saint-Rome
James and Betty Sams
Rajwinder Sandhu
Gary R. Schindler
David and Judy Schubert
Brian Schwartz
Christine Ann Scovill
Chandra Sekhar
David Shen
William Shields
Candace and Clinton Shock
Kenneth and Siew-Bee Hartman
D. Wayne Silby
Jason Simmons
Aman Singh
Snyder White Oaks of
Delaware Foundation
Mark Sommerfeld and
Elaine Hove
Donald and Ui Soon Natenstedt
Elizabeth Sparks
John Stadler and Emily Kingsley
Jim Stewart
Ronald and Elizabeth Sugameli
Jill Sumiyasu
David Garcia and Maya
Suryaraman
Nicholas Tarant
Kevin and Janet Terry
Charles Tomberg
Norman and Carin Tonina
Trees for the Future
Joshua and Amity Tripp
Diane Trombetta
Jim Troyer
William Truettner
TTF Foundation
Kenneth and Martha Tucker
Dean Ujihara
USAID Carana
Layne Van Brunt
Eve Van Rennes
David Vanlandingham
Libby Vaughn
Ben and Preeti Verghese
Ben Vigiletta
Tim and Mary Jo Wainwright
Margaret Wales
Richard and Susan Wallace
Jeanine Walters
Robert Ward and Allison Sokoll
Andrew Warden
Melanie Wark
William and Katharine Weber
Kate Wedemeyer
Clive Wilkinson
John and Marjan Wilkes
Boyd Wilson
David and Martha Wilson
Fred and Stephanie Wilson
Steven Wilson and
Nomi Silverman
Fred and Susan Wintermantel
James and Kathryn Wire
Daniel Witriol
The Witten/Nappi
Charitable Fund
Ralph Wittman
Lawrence and Michelle Wobker
Jan Wolitzky
Waikuen Yee and Anil Thomas
Nathan and Susan Yost
Oliver and Sarah Yost
Christopher Zacco
Alexander Zaharoff
Emily Zall
Marc Zeitlin
*Donor-guarantors in Grameen
Foundation’s Growth Guarantee
program, which facilitated loans
to microfinance institutions.
GRAMEEN FOUNDATION FY 2015 ANNUAL REPORT // List of Supporters
19
BANKERS WITHOUT BORDERS® VOLUNTEERS
Grameen
Foundation
is pleased
to recognize
volunteers who
contributed
their time
and talent
between
April 1, 2014
and March 31,
2015.
20
Farooq Abbasi
Douglas Aberdeen
Jude Addo
Parul Agarwal
Raphael Aidane
Gift Akinyi
Kevy Alcindor
Maher Aldogail
Benjamin Alexandro
Amir Ali
Janice Allende
Saoud Almosaibeeh
Linda Alpert
Claudia Maria Alvarez
Theresa Alvarez
Sara Amara
Yi (Daisy) An
Sarah Anderson
Chad Anderson
Marjorie Anderson
Fabio Arditi
Manhar Arora
Frances Atkins
Brooke Bailey
Mohil Bajaj
Jessica Baker
Nora Bali
Harshitha Balini
Cristina Banahan
Andrew Banda
Ruben Barreto
Ruchi Behl
Cecelia Beirne
Christian Belisario
Alexander Benthien
Jorge Bermudez
Jonathan Berthet
Borja Berzosa
Christina Beveridge
Deval Bhalja
Ajay Bhandoola
Gaurav Bhogale
Sharif Bhuiyan
Dan Bi
Molly Bierman
Maximilian Biswanger
Jamie Blume
Camila Borda
Zerina Borhan
Samir Boukerrou
Bryce Bowman
Claudia Brauer
Doris Braun
Lisa Brignoni
Nicole Briley
Marie-Noelle Brisson
Lynne Brooks
Samantha Broxton
Stefan Brun
Lauren Burns
Carolyn Byczek
Elizabeth Cabot
Liang Cai
Daniel Cano
Brendan Canty
Tatiana Capitanio
Sheree Carara
Lara Cassell
Cristina CastroMatukewicz
Rishwie Cauvery
Javier Cervantes
Victor Chan
Mohit Chandiramani
Dipika Chawla
Si Chen
Julia Chin
Henry Choi
Solon Christensen
Anna Cianciara
Lizzy Margarett
Clemente
Neil Clift
Pauline Coherco
Ngwa Collins Ngwa
Bernardino Colonna
Sarah Conroy
Neil Costello
Enrique Costoya
Naomi Crowther
Solomon CudjoeSeshie
Xiaolu Cui
Holly Cuozzo
Michael D’Agostino
Yuanyuan Dai
Marina Dailly
Nupur Dave
Kenton Davis
Johann De Sousa
Alethea De Venecia
Felipe Delgado
Michelle Delgado
Tony Deng
Drey Dias
Gregory Dickens
Sara Dickhaus
Victoria Dixon
Patrizia Dodaro
Fernando Dominguez
Pinuaga
Nicholas Donahue
Mallory Downing
Alifya Duggal
Claudia DuranChabot
Ellen Eby
Mark Echezarreta
Bob Eidson
Octave Ellis
Rowan Emslie
GRAMEEN FOUNDATION FY 2015 ANNUAL REPORT // Bankers without Borders® Volunteers
Caryn Englander
Sahra English
Gustaf Ericson
Maria Escubos
Brandy Espinola
Kevin Estibeiro
Steven Barton Etchen
Kolade Falua
Frank Falzon
James Farquharson
David Fay
Stephanie Felix
MarianaFelix
Saulo Ferreira
Manuel Ferreira
Gomes
Paul Fiddick
Lisya Fins
Julia Flaig
Andrew Forrester
Noah Francis
George Francis
Eric French
Carolanne Fried
Daniel Fullem
Zach Garman
David Geist
Alan Gertner
Elon Gilbert
Steven Gilbert
Samuel Gilbert
Angela Gill
Kiragu Githinji
Michael Glaros
Dan Goldberg
Elena Goldoni
Michael Golsworthy
Adam Gorniak
Henry Gridley
Karol Griffiths
Ethan Grundleger
Yannick Guégan
Pavani Gulati
Vinay Gupta
Rohan Gupta
Kshitij Gupta
Nady Gustave
Marcela Gutierrez
Tomas Hamudis
Tia Harestad
Christopher Harrall
Erin Hattersley
Sehar Hayat
Randy B. Hecht
Steve Helvie
Nick Henninger
Eduardo Hermesmeyer
Michael Hilbert
Pilar Hilst
Jackie Ho
Adib Hobeica
Grace Hollis
Jonathan Holloway
JenniferHolmes
GhislainHologan
Ellie Hong
Sai Honig
Lindsey Howard
Amy Hubble
Alexandra Humphry
Eileen Hur
Byoung Hwang
Wendy Irwin
Irina Ivan
Ankita Jain
Tadia James
Brianna January
Kathie Jaycox
Carol Jiang
Mike Jinn
Vishal Joshi
Julie Josquin
Neha Julka
Laura K
Limin Kan
Joohi Kasliwal
Leandro Kaspary
Kim Kastorff
Michelle Katics
Jonathan Kay
Doña Keating
Christal Kelso
Kahlil Kettering
Eden Kfir
Abdul Rahman Khan
Joanna Kim
Alex Kimani
Elizabeth Kingdom
Uta Knablein
Aaron Konen
Rafal Kosno
Kevin Kovacs
Daniel Kreps
Nathan Kuchta
Emmanuel Kum
Joe Kurian
Pin Kwok
Ritica Lacoul
Sid Lahiri
Karima Lahrach
Ricky Lai
Carson Lappetito
Daniel Laroue
Rebecca Lassman
Jean Lau
Freddy Lee
Elizabeth Lee
StephenLee
Freddy Lee
Sharon Li
Tilly Li
Tianbai Li
Kamay Li
Genevieve Liang
Sean Linder
Calvin Liou
Yiting Liu
Lance Lively
Christopher Lo
Iliana Lopez Castro
Robert Lovely
Jillian Luchner
Florence Lui
Hunter Lyall
Patin Ma
Alex MacDonald
Vitale
David MacDougall
Steven Magerl
Raymond Magpantay
Bridget Maley
Shaily Malik
CarolinaManfroni
Chipo Marangwanda
Peter Marchant
Clayton Martin
Sydney Martinez
Diana MateiGolopenta
Yoaith Mathur
Vandana Matravadia
Elizabeth Maygby
Lyndee McCallum
Amanda McCullough
Olivia McDonnell
Luke McMurray
Frank McNerney
Aida Mehonic
Indira Meka
Olga Melnikova
Victoria Mendez
Juliana Menegatti
Lara Mengarelli
Jayakrishnan Govinda
Menon
Sarah Mikhail
Alexandra Milson
Joseph Milstein
Katie Mitchell
Anurag Mittal
Hajime Miyauchi
Lynnet Mlambo
Rianka Mohan
Bijeta Mohanty
Thalita Monacelli
Nuala Moreau
David Moreno
Brian Moretta
Fabio Mori
David E.T. Morris
AngeleyMullins
Terry Musalia
Bruce Myers
Harkishin Nachnani
Neeraja Natarajan
Brooke Navarro
Pierre Nekamdje
Luisa Nenci
Mimi Ng
Ronald Ngeno
Brianna Ngo
Albert Nguyen
Wen Nian
Sean Nossel
Ben Nottingham
Christopher Nutt
Fredrick Nyasaka
Stuart O’Dea
Kathleen Odell
Frank Odendall
Brian Oduor
Ann Oliphant
Jose M Olmos
Dafe Oputu
Geoff Orazem
Stacey Orndoff
Antonio Ortega
Joseph Ernest
Orzano
BethanyOtto
Bobby Ou
Vladimir Palacio
Dipak Panda
Emilio Pang
Bruno Paschkes
Darshan Patel
Malini Patel
Hemanshu Patel
Riddhi Patel
Robert Pauley
Marc Pecquet
Nora Perlman
Alexandria
Petropoulos
Anthony Phalen
Alex Pham
Julia Podevin
Josh Posthuma
Solomon Potakey
Anusha Prasher
Sajid Premji
Mitch Price
Georgia Psyllidou
Jonathan Adjin Quaye
Max Queiroz
Carlos Andres
Quintero Botero
Ana Quiroz
Huma Khalid Qureshi
Andrea Ramirez
Neil Randall
Lakeisha Reese
Hanna Reeves
Julio Reynaga Galeas
Annie Robinson
Marine Rodrigues
Henriques
Alberto Rodríguez
Ana María Rodríguez
Pulecio
Lucas Rogers
Robert Rout
Soumik Samir Roy
Neal Rudowitz
Jason Ruiz
Samy Sadat
ShahyarSafaee
Miguel Sánchez
de Pedro
Navjeet Sandhu
Victoria Santamarina
Sarah Sanya
Yashashree Sardar
MichaelSautner
Mark Schaffer
Clement Schappler
Rebecca Scherpelz
Eric Schmautz
Elizabeth Schorman
Frederik Schulz
Michelle Segata
Uma Sekar
Sukanya Sen
Ritin Shah
Davis Shah
Falgu Shah
Khushbu Shah
Yunyi Shao
Dipa Sharif
Manu Sharma
Abhishek Sharma
Anindita Sharma
Smitha Sharma
Christina Sheppard
Ruifan Shi
StephenShin
Anjila Shrestha
Samik N. Sil
Ana Silva
Aparna Singh
Monika Skorupskaite
Keng Soo
Amrita Srikanth
Sonia Srikuruwal
Todd Steeves
David Stewart
Deb Stewart
Christopher Suen
Bilal Sulehri
Jeff Sullivan
Katherine Tan
Dawson Tang
Minahil Tariq
Chris Taylor
Kristine Teano
Sara Telzer
Azan Tengku
Veena Thangavelu
Zach Thomas
Steve Thomson
Christophe
Timmermans
Susan Tirop
Debbie Tran
Nikki Turner
Logan Ury
Izaskun Valdazo
Veena Valluri
Tony Vangi
Amit Varma
Yanum
Venkatrathnam
Katherine Suzette
Vizcaino Pinzon
Andrew Volkman
Benedek Voros
Jessica Wade
AndrewWallace
David Washer
Julian Wassenaar
Chris Weems
Lisa Wei
Kimberly Weinrick
Shawn Weishar
Peter Welch
ZacharyWenner
Nathan Were
Kira Westbrook
Alessandra Williams
Benna Wise-Levine
Andrew Witkowski
Gabi Wolozin
Linda Wong
Erica Wong
Karine Wong Ah See
Cherise Woo
Neil Wood
Liang Jian Wu
Maggie Xiaomin Wu
An Li Xu
Paul Yaginuma
Kelly Yan
Francis Yatzun
Wilfred Yeung
David York
Kenny Yung
Jose Ignacio Zabaleta
Pilar Zapiola
Cindy Zhang
Mateusz Zieba
Samantha Zorn
GRAMEEN FOUNDATION FY 2015 ANNUAL REPORT // Bankers without Borders® Volunteers
21
TAKE ACTION
Everyone can play a part in
ending poverty for women
and families around the world.
You make it possible to equip
Community Health Workers
like Stella with life-saving
information, and for rural
women like Aminah to save
for their children’s school
fees. Here are some ways
in which you can be involved:
LIKE US ON FACEBOOK
StopPovertyNow
FOLLOW US ON TWITTER
@GrameenFdn
FIND AND FOLLOW US
on LinkedIn
SUBSCRIBE TO OUR CHANNEL ON
YouTube.com/Grameen
FOLLOW US ON GOOGLE+
SUBSCRIBE TO OUR ENEWSLETTER AT
grameenfoundation.org
READ OUR BLOG AT
grameenfoundation.org/blog
22
www.grameenfoundation.org
GIVE TODAY
We have made great progress. But so much
more remains to be done. To find out how you
can join the team in the fight against poverty,
visit grameenfoundation.org/give.
Your gifts are fully tax-deductible to the extent
allowed by law.
GIVING AT WORK
Many companies generously support their
employees’ philanthropic causes. Learn how
you can designate Grameen Foundation in
your workplace matching gifts program at
grameenfoundation.org/matching
GRAMEEN FOUNDATION
LEGACY SOCIETY
Make a planned gift by designating Grameen
Foundation as a beneficiary in your will,
retirement plan or life insurance policy.
You’ll help poor families build new futures,
while simultaneously reducing your estate
and income taxes. For more information,
visit grameenfoundation.org/
plannedgiving
VOLUNTEER
Join our Bankers without Borders volunteer
corps and use your professional skills
(regardless of your field of expertise) on
projects to help the world’s poorest – either
on location or from your desk. Learn more at
www.bankerswithoutborders.com
GRAMEEN FOUNDATION
1101 15th St. NW, 3rd Floor
Washington, DC 20005
Phone: +1 202-628-3560
Fax: +1 202-628-2341
www.grameenfoundation.org
WORLDWIDE OFFICES
Find contact information for Grameen
Foundation offices in Colombia, Ghana,
India, Kenya, the Philippines, Uganda,
and the United States online at
www.grameenfoundation.org
OTHER GRAMEEN FOUNDATION
ORGANIZATIONS
Grameen Foundation India
(Wholly-owned subsidiary)
C 201, Nirvana Courtyard,
Nirvana Country, Sector 50,
Gurgaon 122002. INDIA
Phone: +91 124 4100703
Email: [email protected]
Grameen Capital India, Ltd.
(Joint venture)
No. 402, 36 Turner Road
Opposite Tavaa Restaurant
Bandra (West), Mumbai - 400 050
Phone: +91 22 6675 2992
Email: [email protected]
Grameen-Jameel Microfinance Ltd.
(Joint venture)
International Humanitarian City
Building #4, Office 139, First Floor
Dubai Industrial City
P.O. Box 506025. Dubai, U.A.E.
Phone: +971 4 430 9120
Email: [email protected]
LEFT: Mobile technology helps this family
and others in Ghana live healthier lives.
(Credit: Grameen Foundation)
FRONT COVER: A Community Knowledge
Worker greets a client in Uganda.
(Credit: Grameen Foundation)
BACK COVER: Photo by Neil Palmer/CIAT
Design by www.chavezdesignstudio.com
www.grameenfoundation.org
23
Grameen Foundation
1101 15th St. NW, 3rd Floor
Washington, DC 20005
Phone: +1 202-628-3560
Fax: +1 202-628-2341
www.grameenfoundation.org
Worldwide Offices »