Download - Swan 21_Sept
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World Education Australia
Balancing the Scales
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How did I get here?
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World Education Australia Enriching Human Potential
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World Education Australia Enriching Human Potential
We believe no one deserves a life of poverty
World Education Australia delivers the powerful combination -
microfinancelivelihoodsliteracy
enabling the poor to increase their incomes and change their lives forever.
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Who we are ….
• World Education Australia – established in 2003 as specialists in Microfinance and Livelihood Development
• Part of the global World Education Network which is 57 years old & with offices in 25 countries; has worked in over 60 countries
• World Education is an ACFID signatory and has AusAID accreditation
• CEO and Program Director are experts in the field of Microfinance - have consulted for AusAID, UN, USAID, ADB and more
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World Bank- The world is poorer than we thought
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Our Core Work
- MORE than just a LOAN
“The Three Pillars”
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Our Core Work - More than a Loan
The First Pillar- MicrofinanceSmall loans and financial services to poor people in order for them to start or expand self employment ventures.
Provide access to appropriate financial services– Savings– Credit– Insurance – Remittances (payment transfer services)
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The Second Pillar- Literacy
Enable people to develop the basic foundation skills of reading, writing and financial literacy
• Basic literacy courses
• Economic Education Classes
• Financial Literacy courses
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Basic Literacy Classes in Makwanpur, Nepal
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The Third Pillar- Livelihoods
• Training in sewing, pig raising, lime drying, growing new crops
• Training in basic market assessments and business plans
• Building life skills- confidence building, hygiene, health, and leadership
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Why it works
• Does not create welfare/aid dependency
• Cost effective, sustainable and market oriented solution to poverty reduction
• Builds self esteem– enables individuals to support themselves and their families
• Grassroots level• 97% Repayment rate
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Multiplier Effect
• Lending to one woman on average helps improve the direct lives of 5 others (World Education field experience)
• The local NGO or community group has increased skills to deliver the program to others in need
• Greater investment in female education could raises GDP growth by .2% per year and income per capita by 14% by 2020 (Goldman Sachs “Women Hold Up Half the Sky”)
• World Education Australia’s mission positively impacts 6 of 8 UN Millennium Development Goals
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World Education Australia Projects
• Good Return online loan portal• Tin Khamba- Nepal• Microbank- Laos• My Better Future- Cambodia
• Others:–Tibet–Sri Lanka–Bangladesh
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The Tin Khamba (three pillar) project provides poor, low-caste and minority women with an opportunity to develop their literacy and numeracy skills, manage their own savings and credit groups, and improve their livelihoods.
Over 18 months, a disadvantaged Nepalese woman will participate in: – basic literacy classes – basic financial literacy classes, such as
budgets and numeracy – starting and running savings and loan groups– livelihood workshops to gain skills to start or
expand her business
Nepal
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What Next?
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Why it will work
• Similar online models have raised over US $42 million through 337,000 online lenders
• Leverages existing and successful partnerships / relationships
• Innovative social enterprise• Provides donors/lenders with transparency &
direct connection with the beneficiary• Marketing plan in place• Pro bono Advertising and PR firm• Web 2.0 Marketing tools
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We Need You!!
Get Involved- Become a member Donate Spread the word of Good
Return- can we use your email to let you know when it is launched?
Volunteer
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Thank you