1 by: ani k. kazarian research scholar, the c.a.k.e. foundation united nations 56th annual dpi/ngo...

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By: Ani K. Kazarian Research Scholar, The C.A.K.E. Foundation

United Nations 56th Annual DPI/NGO Conference

September 9th, 2003

COMMUNITY MICRO-FINANCE"Providing financial and social support services to women and individuals with disabilities of Armenian heritage”

Micro-Finance: Empowering Women and Persons with Disabilities Toward

Economic Security

DRAFT9/8/03

10:30 PM

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Outline of Presentation

I. BackgroundII. OverviewIII. Process StepsIV. Team Member RolesV. Appendices


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I. Background


I. Background


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Ani K. Kazarian Background

• Research Scholar of The C.A.K.E. Foundation• Several years as team member• Focus - NIS/Global benchmarking and best practices• High school senior at The Lincoln School

I. Background


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The Charles & Agnes Kazarian Eternal (C.A.K.E.) Foundation

• 501(c)(3) non-profit, operating foundation, established in 1998• Foundation assets approaching $20 million• Areas of focus: education, technology, and healthcare• Lead sponsor of Community Micro-Finance• Other initiatives include: Japonica Intersectoral, language software program, and public sector benchmarking publications

I. Background


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II. Overview

II. Overview



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Community Micro-Finance: Mission

“Providing financial and social support services to women and individuals with

disabilities of Armenian heritage”

II. Overview


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• Armenian women are a driving force for change, yet have a much higher unemployment rate than men• Individuals with disabilities are largely neglected if not shunned• Micro-finance supplemented by social support services strengthens democracy and free enterprise

II. Overview

Our Situation Assessment


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C.A.K.E.’s Community Micro-Finance Initiative

• Provide financial and social support services to women and individuals with disabilities of Armenian heritage• Create a network of leading U.S. and Armenian providers• Manage metrics to increase effectiveness of funding• Develop a model that can be replicated globally

II. Overview


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Key Team Members

II. Overview

• C.A.K.E.

• Outreach Partner(s)

• Paul V. Sherlock Center on Disabilities

• Micro-finance Provider(s)

• Healthcare and Rehabilitative Services Coordinator


11III. Process Steps

III. Process Steps



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Six Process Steps

• Established New Philanthropy Benchmarking as framework• Requested 4 customized Executive Briefs• Reviewed relevant research literature• Met with industry professionals• Conducted due-diligence on Micro-finance providers• Currently drafting letter agreements

III. Process Steps


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Established “New Philanthropy Benchmarking”

as Framework

• New Philanthropy Benchmarking: Wisdom for the Passionate (NPB)

- To learn more go to www.unitedu.com/NPB.html - Available at Amazon and Barnes & Noble, etc.

III. Process Steps


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Requested 4 Customized Executive Briefs

III. Process Steps

• Requested 4 Executive Briefs from Japonica Intersectoral

• Costs 10% of a comparable work product

• Received in a fraction of the time to alternatives (3 to 4 weeks)

• Can be found at www.japonicaintersectoral.com


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Example Resources from Literature Reviewed

• Consultative Group to Assist the Poorest (CGAP)• Rating Agencies• USAID• UN/UNDP• World Bank• Women’s World Banking (WWB) • Micro-finance bulletins and trade journals

III. Process Steps


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Meetings with Industry Professionals: Select Examples

• USAID• UNDP• Planet Finance rating agency - Paris• Paul V. Sherlock Center on Disabilities• NIS Regional Organizations - Yerevan, Moscow, Kiev

III. Process Steps


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Due-Diligence of Micro-Finance Providers

• Identified and researched 5 prospective candidates• Selected top candidates had benchmark transparency

- each had extensive rating profiles• Conducted two day on-site due-diligence• Performed extensive reference checkings

III. Process Steps


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Drafting Letter Agreements with Providers and Partners

• Outreach Partner(s)• Paul V. Sherlock Center on Disabilities• Micro-finance provider(s)• Healthcare and rehabilitative services coordinator

III. Process Steps


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Team Member Roles

IV. Team Member Roles



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Global Micro-Finance Guiding Principle

“Credit without DISCIPLINE is nothing but

charity. Charity in the name of credit will

destroy the poor, not help them.”



21IV. Team Member Roles

Key Team Members

• C.A.K.E.

• Outreach Partner(s)

• Paul V. Sherlock Center on Disabilities

• Micro-finance Provider(s)

• Healthcare and Rehabilitative Services Coordinator


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C.A.K.E.’s Role

• Oversight management• Coordinates funding• Continuously researches benchmarking and best

practices• Minimize unintended consequences



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Outreach Partner(s)’ Role

• Develop marketing / PR strategy• Utilize member network• Initial screening of candidate• Allocate seed capital grants• Supplement business development services



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Paul V. Sherlock Center on Disabilities’ Role

• Internationally recognized benchmark • Provide training to local social service professionals• Improve business development programs



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Micro-Finance Provider’s Role

• Develop affinity group loan products- entrepreneurs- students- employers of target group

• Process loans• Coordinate business development services

- business plans- classes and workshops



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Healthcare and Rehabilitative Services Coordinator’s Role

• Coordinator of specialist providers• Suggest candidates• Provide assistive devices and rehabilitative services• Provide occasional medical treatment



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V. Appendices

V. Appendices



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Appendix A

V. Appendices

• Executive Summary• www.charmo.com/cmf_exec_summary.html


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Appendix B

V. Appendices

• Two day due-diligence agenda• www.charmo.com/cmf_materials.html


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By: Ani K. Kazarian Research Scholar, The C.A.K.E. Foundation

United Nations 56th Annual DPI/NGO Conference

September 9th, 2003

Micro-Finance: Empowering Women and Persons with Disabilities Toward

Economic Security


1 by: ani k. kazarian research scholar, the c.a.k.e. foundation united nations 56th annual dpi/ngo...

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