ndb prospectus (final)
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Thank you for giving us the opportunity to share with you what we do. We believe there is
much potential in the field of social entrepreneurship and microfinance, especially when such
an initiative started from the voice of the students. In supporting our operations, you will be
enriching ‘community & service’ at NIST, and through their student-led events and projects,
contribute to making a long-lasting impact all their various beneficiaries, such as endangered
forests, rural hospitals, urban slums, hill tribe villages, and a Tanzanian orphanage, just to
name a few.
We have compiled a package consisting of several documents that would help you to get to
know us better. We hope it would be useful for you.
This packet contains the following documents:
Prospectus
36/15 School Magazine Article
Report on Funded Service Projects (2012/13)
Secondary School ‘Community & service’ Report (2012/13)
Contact Information:
Assigned Contact Person: Student Name (@nist.ac.th)
General E-mail: developmentbank@nist.ac.th
Address: NIST International School 36 Sukhumvit Soi 15, Wattana, Bangkok, 10110
NIST Development Bank Packet
Highlights…..……………………………………………………………………………………………………...……………X
Introduction……………………………………………………………………………………………………………………X
Who we are
Mission Statement
Aims and Objectives
Our Concept…………………………………………………………………………………………………………………….X
Applied Concept at NIST - Loan and Grant Program
Fund Acquisition - Interaction with wider community
Past………………………………………………………………………………………………………………………………...X
2010-2013
2012/13 Funded Service Projects
Present ………………………………………………………………………………………………………….………………..X
Current Initiatives
Future……………………..…………………...…………………………………………………………………,………………X
Vision
Contents
NIST International School
Established in 1992
United Nations Related
IB World School
‘Community & Service’ at NIST
Elementary School: Classroom initiatives by students and teachers
Secondary School: 30+ service groups (nature, society, economy, well-being)
We have funded: 101,585 THB across 9 projects (2012-2013)
NIST Development Bank
Established in: 2010
Group Size: 15-20 Students
We have funded: 101,585 THB across 9 projects (2012-2013)
Highlights
Who We Are
NIST Development Bank (NDB) is a student-led social entrepreneurship club, consisting
of students in Years 10 to 13. Adapted from the concept of microfinance, the bank supports
‘Community & service’ initiatives through a loan and grant system, giving members of the
school community access to greater opportunities in making an effective contribution to
society. In doing so, the bank advocates financial accountability in its operations, and supports
creative, sustainable initiatives that will lead to meaningful action toward beneficiaries.
The bank also acts in an advisory position, facilitating discussions, interviews, and
workshops in the field of business, economics, and development. Additionally, members of the
bank gain first-hand experience in running an organization, such as collaborative, managerial,
and enterprise skills valuable for future careers in corporations, NGOs, and other institutions.
Although the concept itself is not a novel idea, we pride ourselves in the incorporation of
the idea within a school system. We stress that we are not a for-profit organization; we
hold the utmost importance in ensuring all funds received goes toward the ‘Community
& service’ initiatives in an effective and transparent manner.
Mission Statement
“To empower and connect NIST ‘community & service’ initiatives through an accountable loan
and grant system to take action to enrich ourselves, our communities, and the world.”
Introduction
Page. 3
Aims and Objectives
To encourage meaningful, sustainable, creative ‘Community & service’ initiatives through
an accountable loan and grant system
To facilitate a deeper understanding of business, economics, and development through
meetings and discussions regarding issues within and beyond the operations of the group
To develop managerial and enterprise skills through overseeing current programs,
collaborating and communicating with stakeholders, and initiating new social
entrepreneurship projects
Introduction
Page. 3
Applied concept at NIST - Loan and Grant Program:
Service groups can apply for a loan or grant from the bank to help fund certain aspects of
their ‘Community & service’ initiative. The financial assistance fast-tracks fundraising efforts,
so that students can immediately work on the action phase of the event and have a more
meaningful impact on their beneficiaries.
For example: students want to build a new dog shelter, but it would take many fundraisers for
them to gather enough money to buy the materials – NDB funds the cost of the materials, so the
students can just go and build the dog shelter, which will shift the focus of students from to taking
meaningful action to best help the dogs, such as any follow-up projects that stemmed from the
initial building of the dog shelter, rather than to worry about fundraising and get no action done
Our Concept
Page. 5
Service groups fill in a proposal form, which is then submitted to the bank, and evaluated
according to criteria formed around the core values of ‘accountability, sustainability,
creativity, and meaningful action.’ Accepted service projects embody the qualities of
‘meaningful service,’ where, instead of worrying too much about fundraising, the members of
the service group are interested in the positive impact that their service project will have on
their beneficiaries. They have made sure their service project caters to something their
beneficiaries actually need, and will have a measurable impact. As a result, the financial
assistance makes a meaningful contribution to the project, where any utilization of the funds
go wholly toward the beneficiaries.
Fund Acquisition - Interaction with Wider Community
NDB actively seeks out to replenish its funds, both through sources within and outside
the school. Within the school, NDB has received funds from the contribution of the school
community on several occasions, such as the 2004 Tsunami Relief excess funds, the 2011
Community Fun Run. Outside the school, NDB has presents the project to different
organizations in the local community, applying for CSR funds from corporations, chambers of
commerce, embassies, and foreign clubs. The processes involved in the acquisition of funds is a
valuable learning experience for the bank’s members, such as writing reports, giving formal
presentations, and answering questions. The bank keeps in regular contact with its donors,
through updates and articles in school publications, as well as through an annual report of
funded service initiatives distributed to its donors outside the school community.
Our Concept
Page. 5
2010/11, 2011/12
- Established NIST Development Bank (branched out from NIST Microcredit Bank*)
- Presentation on concept at the 4th GIN Conference in Hong Kong (Int’l Schools in Asia)
- Drafting forms and processes involved in the Loan and Grant Program
2012/13
- Full Implementation of Loan and Grant Program
- Presentation on Microfinance at the 2nd ServICE Conference (Int’l Schools in Bangkok)
- Article in 36/15 School Magazine
Past
Page. 6
*NIST Microcredit Bank (NMB) is a sister bank of NDB. Whereas NDB works with students and teachers in
the school’s academic operations, NMB works with low-income staff in its administrative operations, with
support from the HR Department. Its current programs involve debt alleviation microloan schemes and
related workshops, business start-up support, as well as education scholarships for the workers’ children.
Funded Community & Service Initiatives (2012-2013)
Kids Fighting Cancer – 8,000 THB grant to fund hairdressers (St. Baldricks)
Kids Fighting Cancer - 10,000 THB grant to pay for chemotherapy treatment
Footy for Friends – 5,000 THB loan to pay for t-shirt making costs
Matunda Run – 3,665 THB grant to pay for food and drink expenses
Dreams We Believe In – 30,000 THB grant to fund children’s expenses
Y6 Arcade Construction – 1,900 THB grant for building materials
GreeNIST – 14,520 THB grant for gardening materials
Habitat for Humanity Summer Build – 28,500 THB grant for building materials
Y9 Orphanage Trip – 10,200 THB grant for water park fees, food and drink expenses
Past
Page. 6
Current initiatives:
After a successful year following the full implementation of the Loan and Grant Program,
the bank intends to expand its outreach toward the Elementary School, adapting its approach
towards more teacher-oriented classroom service projects. The bank will continue to interact
with student service groups in the Secondary School, regularly giving presentations advertising
the program, and making improvements to the proposal form and application process.
The bank will also brainstorm any additions or changes to be made to the current Loan
and Grant Program in order to promote good practices in financial accountability and creative,
meaningful projects. It may also begin to diversify the nature of the loans and grants offered, in
order to encourage more interaction with service groups.
Regarding the ‘community & service’ initiatives funded in the past year, all the projects
have yielded successful measurable impacts. The service groups are in regular contact with
their beneficiaries and the projects anticipated this coming year will build on from last years’
efforts.
Present
Page. 7
Vision:
The bank becomes fully integrated into the school’s ‘community and service’
programs, serving as a supplement to the academic curriculum across all levels, as a
means of experiential learning, where theory can be applied into practice
The bank initiates and oversees other social entrepreneurship programs within and
beyond the school community, in addition the loan-grant program, which will
encourage social responsibility and enrich the lives of the programs’ beneficiaries
The bank’s management and operations are fully sustainable, with clear plans and
processes, and regularly evaluated for optimal efficiency and effectiveness
The bank fosters stronger relationships between the school and other institutions in
the diplomatic, corporate, and NGO circles
The bank serves as a model for other social entrepreneurship projects in international
education
Future
Page. 8
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