ANNUAL REPORT 2013-2014

Breaking the Cycle

Grameen Foundation was started in 1997 to harness the underappreciated strengths of the poor, an approach

inspired by Nobel Laureate Professor Muhammad Yunus and the Grameen Bank in Bangladesh. Professor Yunus was a founding member of our Board of Directors and

today serves as director emeritus.

Our high standards and efficiency have earned us a four-star rating from Charity Navigator and recognition from

the Better Business Bureau’s Wise Giving Alliance and Guidestar’s Exchange Seal.

Grameen Foundation helps the world’s poor reach their potential.

We provide access to essential financial services and to information on agriculture and health that addresses

the specific needs of poor households and communities.

We also develop tools to improve the effectiveness of our fellow

poverty-focused organizations.

OVERVIEWGRAMEEN FOUNDATION

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Letter from the President and Chairman of the Board

Our Story

Financial Highlights

Board of Directors

Staff

Bankers without Borders® Volunteers

Take Action

2013–2014 ANNUAL REPORTGRAMEEN FOUNDATION

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We all had good reason for cheer this past year. New World Bank figures showed that the number of people living on less than $1.25 per day—the international standard for living in extreme poverty—fell by almost 60 percent during the past three decades. Life expectancy has increased—even in the poorest countries—and fewer people are dying from preventable diseases.

Though there’s still a lot of work to be done, it is important for us to celebrate these victories in the battle to defeat global poverty. They are a clear sign that the international community is making progress on one of the most important issues of our day. It is unfor-tunate that many believe that global poverty remains an immovable problem. (A recent poll showed that 67 percent of Americans believe worldwide poverty has increased.)

As poverty rates continue to fall, the challenge for all of us is to accelerate the pace of positive change. For us at Grameen Foundation, it means using the information technol-ogy revolution to provide less expensive and higher quality economic development and social services, especially in remote areas that have historically been underserved. (There are now more than 6 billion mobile phone subscriptions in the developing world.) It means designing products that respond to the specific needs of poor people and the organiza-tions that serve them. And it means ensuring that we and our allies rigorously measure progress and use data to continuously improve services.

As you will read in the following pages, in the past fiscal year (April 2013 – March 2014), we expanded our work in Latin America to strengthen farmer cooperatives and improve food security through collaborations with private humanitarian organizations, government agencies, and progressive businesses. We continued to develop integrated solutions like the e-Warehouse initiative, which gives farmers in Kenya access to agricultural training and much-needed financial services. In addition, we completed our successful microsavings project in Asia, which enabled hundreds of thousands of poor families to open bank accounts for the first time, and also taught us profound lessons about how to design solutions that maximize benefits to the poor. Through these and other initiatives, we collectively touched the lives of more than 6 million people.

Our success on the ground is a direct result of the generous support of the thousands of people who donate time and money each year to Grameen Foundation. Thank you for your commitment to making a tangible difference in the lives of poor women and their families in the regions where we are hard at work.

Alex Counts, President and CEO Robert Eichfeld, Chairman

THE PRESIDENT AND CHAIRMAN OF THE BOARD

LETTER FROM

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FINANCIAL SERVICES

Globally, 2.5 billion people lack access to formal financial services like bank accounts, either because the services are unavailable or because they are not designed to meet their needs. This makes it difficult for them to access credit, send money back home to distant relatives, build a financially secure future, or even save for emergencies.

Grameen Foundation is helping to lead new efforts, through research and user testing, to design financial products and services that the world’s poor actually want and can use.

We ended our successful Microsavings Initiative in October 2013, after helping three organizations create more than 922,000 savings accounts: Amhara Credit and Saving Institution (Ethiopia), CASHPOR Micro Credit (India) and CARD Bank (Philippines). The four-year initiative, which was funded by the Bill & Melinda Gates Foundation, was designed to make

savings an integral part of the services these organi-zations provided—a critical first step in giving the poor more financial security. The project yielded important insights that guide our ongoing efforts to help financial institutions serving the poor to research and identify the needs of their clients and create a broad range of services tailored to those needs. We have also shared our findings broadly through publications and events to help other organizations develop financial products that better serve the needs of the poor.

Village Savings and Loan Associations provide a safe place for many Ugandans to save money. Members can also request loans from the pooled funds. Grameen Foundation worked with five associations to develop Ledger Link, a new smartphone app that enables these self-managed groups to digitize the financial records from their members’ transactions rather than maintain them solely in a paper ledger book. This will enable the groups to have backup

PICKING UP THE PIECES AFTER A STORMAfter Typhoon Haiyan roared through the Philippines in November 2013, the staff at CARD MRI, a coalition of microfinance and community organizations, sprang into action, providing relief supplies and other services. For their clients, one key resource was their savings accounts at CARD Bank.

Grameen Foundation had just completed a four-year project at CARD Bank that helped it to expand its savings services across the Philippines. As part of the project, CARD Bank launched a savings education drive and developed two new types of savings accounts (one for children under 16 and another that offered a lower savings balance and access to savings via ATM machines). By the end of our project, CARD Bank’s clients had opened 480,000 accounts, including 42,500 accounts for children. It had also rolled out the education program in all 56 branches, which serve 20 provinces—including communities hit by the typhoon.

The storm was a powerful reminder of the value of savings and having a safe place to save.

“Some of the clients temporarily left the area but returned a week after the typhoon to start rebuilding,” said Glenda Magpantay, assistant vice president for operations at CARD Bank.

In addition to rebuilding, clients used their savings to buy medicine, food and clothes. They were also thankful that their hard-earned money was safe at CARD Bank and had not been kept at home where it would have been washed away in the storm.

Three months after the typhoon, CARD Bank held its first savings education drive in Tacloban City, one of the hard-hit areas. Almost 600 clients attended—a positive sign that more people will be better prepared for similar catastrophes in the future.

CARD Bank clients register for savings accounts in the Philippines following the typhoon. Photo courtesy CARD Bank.

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copies of transactions and to build a credit history over time. The added transparency also helps members detect discrepancies between transactions recorded in Ledger Link and those in their ledger books. This project, which is funded by Barclays Bank, will be rolled out to more than 1,000 associations nationwide over the next two years.

Building on our work in Uganda, we launched two new initiatives in India and Kenya to create financial services that will be provided via mobile phones. More poor families now have access to mobile phones, thanks to falling prices, making these devices an ideal channel for providing financial services. They are especially useful for people living in far-flung areas. Our work in India is supported by the Citi Foundation, while our work in Kenya is supported by MasterCard Worldwide and philanthropists Craig and Susan

McCaw through the Craig and Susan McCaw Technol-ogy for Development Challenge.

We continue to invest in social enterprises through our Pioneer Fund, which focuses on early-stage, innova-tive organizations that work in rural or hard-to-reach areas. Our current seven investees collectively serve or work with almost 54,000 people in four countries. Since its inception, the Pioneer Fund has reached almost 278,000 people through investing $7.4 million in 14 organizations and two funds that support social entrepreneurs. To ensure that our investments are sound, we screen organizations using MOTIV, a score-card we developed to confirm that the organizations’ goals are aligned with our social mission. (We have also shared MOTIV with other social investors to help set standards for the industry.)

in India and the Philippines

Grameen Foundation helped create

640,000new savings accounts

Grameen Foundation invested more than

$600,000in seven social enterprises through the Pioneer Fund

Grameen Foundation issued $1.9 million in

loan guarantees

Generating $3.9 million in financing

to support 28,609 microloans in three countries through

Growth Guarantees

During the fiscal year ending March 31, 2014:

Grameen Foundation is using mobile technology to help savings groups in Uganda better manage their funds.

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MOBILE AGRICULTUREBREAKING THE CYCLE OF FEAST AND FAMINE IN KENYALucy Kirito is part of a new effort to help farmers in Kenya. She is a Village Knowledge Worker in Grameen Foundation’s e-Warehouse project. The mobile phone-based system is helping farmers obtain better prices for their goods and access the funding they need to sustain their families while waiting to harvest their crops. It is

designed to teach farmers how to properly store and manage their crops, connect them to a financial institution to borrow against the value of their stored crop, and then connect them with markets for final sale when prices increase.

Lucy is responsible for collecting data on farmer registrations, harvests, and sales and for providing farmers with follow-up information from the training they receive on post-harvest management.

Her experience with the project has made her an enthusiastic supporter. She believes it holds the potential to increase farmers’ income.

“Those who chose to store their harvest are really seeing the benefits now. Farmers are very happy with the project,” she said.

The e-Warehouse project is being done in collaboration with Farm Concern International (FCI) and with funding support from USAID, The Rockefeller Foundation, and the Open Road Alliance.

In many ways, poor farmers face more life-altering decisions daily than the average Fortune 500 CEO—with just a fraction of the resources. Pests, diseases, and increasingly erratic weather patterns can threaten an entire community’s food supply and income. With your help, Grameen Foundation is starting to close this resource gap through tailored mobile phone solutions and networks of local, trusted community members selected by their peers.

Our network of 1,139 Community Knowledge Workers (CKWs) today reaches more than 289,000 farmers in almost 22,000 villages across Uganda (almost 40 per-cent of the country). In 2013, we launched a campaign to help ensure long-term adoption of agricultural best practices through peer farmer networks. Each CKW trains 10 lead farmers, who in turn serve another 10 farmers. This enables the CKW network to reach more farmers in remote areas and allows the CKWs to have deeper, more frequent interactions with them.

We are also using our network to help other organi-zations reach communities in need. We are working with FHI360, an international development nonprofit, to improve the nutrition and livelihoods of vulnerable communities in northern and southwestern Uganda through the USAID/Uganda Community Connector project. Our CKWs are providing training in 10 focus areas, including agriculture, hygiene, and livelihoods.

In Latin America, our Líderes Productores (regional name for Community Knowledge Workers) are helping to build the capacity of farmer cooperatives. We are collaborating with the Cooperative of Coffee Growers of Salgar in Colombia to connect its members to mar-kets through the Cafeteros Conectados initiative. This initiative, which is supported by Starbucks, enables farmers to connect directly to Starbucks’ supply chain, to financial institutions, and to distributors and whole-sale buyers. It also helps farmers attain sustainability and earn environmental certification from Starbucks’ C.A.F.É. Practices.

Lucy Kirito uses a mobile phone to collect information from farmers in her district.

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We are also helping to strengthen both food security and connections between farmers’ associations and buyers through our TaroWorks™ data management tool. Technicians from the provincial government of Antioquia, Colombia, are using the tool to track food supply and production in poor communities as part of the MANA project, which is supported by the Food

and Agriculture Organization of the United Nations (FAO). In southern Colombia, Alsur, a horticultural cooperative that connects farmers to buyers at large local grocery chains, is using it to digitize its manage-ment system so that it can fulfill orders more effectively and process payments to farmers more quickly.

307,000farmers in Colombia and Uganda

Grameen Foundation provided agricultural services to more than

40%almost

of the villages across Uganda

network of Community Knowledge

Workers reached

Grameen Foundation’s

During the fiscal year ending March 31, 2014:

In Colombia, Grameen Foundation is working with local and international partners to increase the availability of food in vulnerable communities.

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MOBILE HEALTH

1 Saving Lives at Birth is a consortium that funds global maternal and infant health initiatives. The five partners are USAID, the Government of Norway, the Bill & Melinda Gates Foundation, Grand Challenges Canada, and the UK government’s Department for International Development (DFID).

Maternal and infant mortality rates and the incidence of preventable diseases, globally, have fallen signi- ficantly over the last two decades. Even with this encouraging news, maternal and newborn deaths remain alarmingly high (2.9 million children and 289,000 pregnant women died in 2012 and 2013, respectively), and preventable disease can easily push a poor family even deeper into poverty.

Grameen Foundation is helping to improve healthcare delivery and health outcomes through our Mobile Technology for Community Health (MOTECH) technology platform. It was first developed with the Ghana Health Service and is now used around the world to help advance the fight against major life-threatening diseases, such as HIV/AIDS, malaria, and tuberculosis.

In Ghana, we are working with the Ghana Health Service to improve maternal and infant care by expanding families’ and health care staffs’ access to information using mobile phones. The Mobile Midwife

service provides important information on pregnancy and infant care to pregnant women and mothers of infants. Health facilities use the Client Data service to track client care and manage their caseloads. Mobile Midwife, which is supported by Saving Lives at Birth: A Grand Challenge for Development1, is now available in seven districts and in five local languages. Overall, more than 36,000 people, including community members interested in learning more about the service, have registered for Mobile Midwife since it began in 2010, and 136 health facilities now use the Client Data service to track patient care.

Building on the success of MOTECH in Ghana, we are developing a suite of mobile apps to support healthcare delivery, professional development, and supervision for community health nurses working in rural communities. The CHN on the Go suite is currently being field tested with 240 nurses in five districts in Ghana. It is supported by Concern Worldwide’s Innovations in Maternal, Neonatal and Child Health project.

HOPE IS REBORN IN GHANAAfter tragically delivering a stillborn baby, Yvonne was not sure she would ever be able to have a healthy baby. Like others in her village in Ghana, during her pregnancy she had relied solely on the local knowl-edge and herbal medicines that had been handed down over time. Although she had access to a local clinic, she did not go there for pre-natal visits, where trained nurses might have been able to catch the problem in time.

When she became pregnant again, Yvonne was determined to do things differently. She registered for Mobile Midwife, a service provided through the Mobile Technology for Community Health (MOTECH) project run by Grameen Foundation and the Ghana Health Service. She then received weekly voicemail messages on her mobile phone about how to eat healthily and care for her body, as well as reminders for her clinic appointments.

Looking back on her experience, Yvonne said: “Mobile Midwife really helped me get through my pregnancy and after birth. I continue to get helpful information on how to take care of my child. I’m so happy now to have a baby sitting on my lap.”

Mobile Midwife messages made Yvonne’s second pregnancy smoother.

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Outside of Ghana, organizations in seven countries are using MOTECH. For example, CARE, BBC Media Action, and World Health Partners are using it to improve the effectiveness of healthcare workers and to educate patients in Bihar, India. Their work is part of the Ananya Project, a partnership between the state government of Bihar and the Bill & Melinda Gates

Foundation that is designed to improve maternal and child health, nutrition and the diagnosis and treatment of infectious diseases. Collectively, they are training more than 95,000 health care workers and provide information on maternal and infant health, HIV/AIDS and tuberculosis to more than 3 million patients.

17organizations

used the MOTECH platform

pregnant women and mothers of infants registered for Mobile Midwife updates

14,962

136health facilities

used Client Data to track patient care

During the fiscal year ending March 31, 2014:

A woman visits a telemedicine center in India run by World Health Partners, which uses the MOTECH health system to improve access to quality care in rural communities.

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No single organization can fight global poverty alone. Grameen Foundation is committed to creating tools to help other organizations strengthen their programs, measure their impact on poverty, and create lasting change.

More than 200 organizations and businesses that serve or work with the poor are using our Progress out of the Poverty Index (PPI) to measure and track their clients’ poverty levels. This data helps organizations that serve the poor improve the quality of their programs. Insights from PPI data also help businesses that source raw materials or hire workers from poor communities improve their practices. Equally important, the data increases transparency and accountability to clients, donors, and other stakeholders. Learn more at www.progressoutofpoverty.org.

Launched in early 2013, our TaroWorks™ data management tool has been used by 37 organizations to track and manage activities across their operations, especially in remote areas. The tool increases the reach and effectiveness of organizations by enabling two-way flows of information between the headquarters and field-based agents via mobile phones. TaroWorks has already been adopted by organizations working in multiple development sectors, including financial inclusion, microenterprise, agriculture, environmental, sanitation, clean energy, and clean water. Learn more at www.taroworks.org.

Through our Bankers without Borders® volunteer initiative, we are connecting social enterprises to skilled professionals from various disciplines to help them improve their operations. Since its inception in 2008, the initiative has deployed 1,299 volunteers to support 959 projects for 150 organizations—a value

POVERTY TOOLSMEASURING THE END OF POVERTYFriendship Bridge began providing microloans and education to women in Guatemala in 1998, just as the country was beginning to recover from a decades-long civil war. By the end of 2013, the organization was serving almost 20,000 clients and succeeding in its mission to create a better future for these impoverished women, their children and their communities.

From the start, Friendship Bridge made measurement a priority. Though staff annually evaluated changes in their clients’ lives, they needed more robust and timely data to be sure they were reaching the right people with appropriate products. Equally important, they needed to evaluate new programs or changes in services. In 2011, they began using Grameen Foundation’s Progress out of Poverty Index® (PPI®).

“The positive change for Friendship Bridge is the timely access to poverty information,” said Caitlin Scott, the organization’s programs and projects manager. “Since the PPI is incorporated into regular credit operations, the information is always being gathered and updated. This has allowed the organization to monitor the social effects of operational changes.”

Having ready access to this information will be especially import-ant over the coming months when Friendship Bridge launches new products and services for its clients. “The PPI will be a critical measure of their effectiveness in the short- and long term,” said Caitlin. “This helps us to hold ourselves accountable and improve outcomes for clients.” Caitlin Scott (in the white jacket) meets with some of Friendship Bridge’s clients.

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of more than $9.5 million. This year, we launched our Bankers without Borders Fellowship Program, which, for the first time, places volunteers in the field for a year. We also began providing Skillanthropy™, our

online volunteer management system, which helps organizations to recruit volunteers, manage projects and evaluate their volunteers’ impact. Learn more at www.bankerswithoutborders.com.

37 organizations used TaroWorks

205 organizations reported using PPI

Grameen Foundation provided $3.8 million in free consulting services to

to measure clients’ poverty

levels

to reach more than 2 million beneficiaries

69 organizations using 274

skilled volunteers

During the fiscal year ending March 31, 2014:

Grameen Foundation collaborates with other organizations to help increase our collective impact on global poverty.

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During the twelve months that ended March 31, 2014 (“FY14”), Grameen Foundation USA continued to focus on developing innovative solutions for the poor and increased our efforts to work through partners to bring successful solutions to scale.

Total revenue increased 9% to $23 million from the previous fiscal year. This was driven primarily by increased donor funding for our mobile agriculture and mobile health work. Spending on program activities

also decreased slightly to $20.1 million as we handed off some aspects of our microsavings work to our implementing partners in the field. Through our joint ventures and investing activities, we provided another $14.6 million in support and financing to microfinance institutions and social enterprises around the globe.

Grameen Foundation USA ended the year on solid financial footing with total cash and investments of $8.4 million and total net assets of $14.7 million.

Joshua Tripp, Chief Financial Officer

Si White, Treasurer

THE CFO AND TREASURERLETTER FROM

HOW YOUR DOLLARS ARE SPENT

81%FY14 Programs

18%M&G

1%Fundraising

TYPE OF FUNDING

66%Contributions and grants

15%Program revenues

4%Investment income

8%Government grants

7%In-kind

PROGRAM EXPENDITURE

44%Information Access

28%Financial Services

4%Public Education

16%Poverty Tools

8%Regional Services

SOURCES OF CONTRIBUTION

49%Foundation

10%Other Nonprofit

17%Household

15%Corporation Government/

Multilateral

9%

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ASSETS

CURRENT ASSETS

Cash and cash equivalents 5,254,610

Investments 3,141,116

Loans receivable, net of allowance 891,386

Grants and contributions receivable 2,363,136

Other receivables and advances 956,068

Prepaid expenses 280,165

TOTAL CURRENT ASSETS $12,886,481

PROPERTY AND EQUIPMENT

Net property and equipment 134,931

OTHER ASSETS

Loans receivable, net of current portion and allowance

536,240

Loans to program related investments 3,477,182

Deposits 187,948

Total other assets $4,201,370

TOTAL ASSETS $17,222,782

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES

Deferred Revenue 246,771

Notes payable, current portion 50,196

Accounts payable and accrued expenses 1,455,889

Total current liabilities $1,725,856

NONCURRENT LIABILITIES

Notes payable, net of current portion 75,659

Deferred rent liability 709,400

Total liabilities $2,537,915

NET ASSETS

Unrestricted 9,545,078

Total net assets $14,684,867

TOTAL LIABILITIES AND NET ASSETS $17,222,782

SUPPORT AND REVENUE

Contributions and grants 15,261,909

Program revenues 3,381,225

Interest and investment income 934,803

Loan interest 437,644

In-kind contributions 1,589,504

TOTAL SUPPORT AND REVENUE $23,043,841

EXPENSES

PROGRAM SERVICES

Regional Services 1,563,397

Financial Services 5,651,425

Information Access 8,894,687

Poverty Tools 3,284,807

Public Education 719,404

TOTAL PROGRAM SERVICES $20,113,720

SUPPORTING SERVICES

Management and General 4,194,946

Fundraising 236,549

Total supporting services $4,431,495

TOTAL EXPENSES $24,545,215

Changes in net assets before other items (1,501,374)

OTHER ITEMS

Foreign exchange rate loss 372,261

Allowances for uncollectible loans receivable and foreign exchange risk

(8,798)

Changes in net assets (1,864,837)

Net assets at beginning of year 16,549,704

NET ASSETS AT END OF YEAR $14,684,867

The accounting firm of Gelman, Rosenberg & Freedman has audited the financial records and statements of Grameen Foundation USA for the year ending March 31, 2014 and has issued an unqualified opinion. As always, complete audited financial statements and our IRS 990 form are available at www.grameenfoundation.org/about/financial-information.

STATEMENT OF FINANCIAL POSITION

AS OF MARCH 31, 2014

WE COLLECTIVELY TOUCHED THE LIVES

OF MORE THAN 6 MILLION PEOPLE

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Robert Eichfeld, ChairPeter Cowhey, Vice ChairBeverly ArmstrongPeter BladinAlex Counts

Carlos FonsecaVikram GandhiJim GreenbergPaul HilalPaul Maritz

Robert OttenhoffRosanna Ramos-VelitaElisabeth RhyneDavid RussellPradeep Singh

Ricki Tigert HelferBahram VakilSi White

EXECUTIVE COMMITTEERobert Eichfeld, ChairPeter Cowhey, Vice-ChairAlex Counts,

President/CEOSi White, TreasurerRobert Ottenhoff,

SecretaryRosanna Ramos-Velita,

Member

FINANCE COMMITTEESi White, ChairBeverly Armstrong,

MemberRobert Eichfeld, MemberRichard Lautch, MemberRosanna Ramos-Velita,

MemberCraig Sarsony, MemberJoshua Tripp, Staff Liaison

AUDIT COMMITTEERobert Ottenhoff, ChairPeter Cowhey, MemberEric Miller, MemberBeth Wolfe, MemberJoshua Tripp, Staff Liaison

DEVELOPMENT COMMITTEERicki Tigert Helfer, ChairAnne Guerrant, MemberPaul Hilal, MemberHans Levin, MemberSteve Rockefeller, Jr.,

MemberDave Stephens Sandra Winters,

Staff Liaison

GOVERNANCE COMMITTEEJennifer Drogula, ChairBeverly Armstrong,

MemberElizabeth Rhyne, MemberJulia Soyars, Staff Liaison

INVESTMENT COMMITTEERobert Eichfeld, Co-chairSi White, Co-chairSusan Davis, MemberJim Greenberg, MemberRicki Tigert Helfer, MemberRosanna Ramos-Velita,

MemberWayne Silby, MemberEleanor Wagner, MemberMatthew Speh,

Staff Liaison

AFRICA REGIONAL COMMITTEEPaul Maritz, ChairWillene A. Johnson, Vice

ChairDr. Wolday Amha, MemberBeverly Armstrong,

MemberJennifer Drogula, MemberFred Ogana, MemberGeraldine O’Keeffe,

MemberBeth Rhyne, MemberSteve Wardle, Staff Liaison

AMERICAS REGIONAL COMMITTEERosanna Ramos-Velita,

ChairBob Eichfeld, Member Carlos Fonseca, MemberJorge Higinio Maldonado,

MemberDavid Mhyre, MemberChuck Olson, MemberDavid Russell, MemberBrewster Waddell, MemberAlberto Solano,

Staff Liaison

ASIA REGIONAL COMMITTEEVikram Gandhi, ChairRobert Eichfeld, Vice ChairJim Greenberg, MemberJennifer Meehan, Member Wayne Silby, MemberPradeep Singh, MemberChristopher “Happy” Tan,

Staff Liaison

PROGRAM COMMITTEEPeter Bladin, ChairAnn Mei Chang, MemberPeter Cowhey, MemberRobert Eichfeld, MemberCarlos Fonseca, MemberDean Karlan, MemberPaul Maritz, MemberNelson Mattos, MemberRob Mechaley, MemberAnand Narasimhan,

MemberDavid Russell, MemberPradeep Singh, MemberKentaro Toyama, MemberSrikant Vasan, MemberDavid Edelstein,

Staff Liaison

POVERTY TOOLS AND INSIGHTS SUBCOMMITTEE Peter Cowhey, ChairCarlos Fonseca, MemberBarbara Kibbe, MemberJody Rausch, MemberLarry Reed, MemberDavid Russell, MemberSteve Wright, Staff Liaison

FINANCIAL SERVICES SUBCOMMITTEE Chris Dunford, MemberBill Fisse, MemberCarlos Fonseca, MemberDick Gunther, MemberRicki Helfer, MemberOlaf Kula, MemberDavid Russell, MemberJanet Thompson, MemberBahram Vakil, MemberCamilla Nestor,

Staff Liaison

INFORMATION SERVICES SUBCOMMITTEEPradeep Singh, MemberKentaro Toyama, MemberHillary Miller-Wise,

Staff Liaison

BOARD OF DIRECTORS

For FY2014, which ran from April 1, 2013 to March 31, 2014

BOARD COMMITTEES AND ADVISORY COUNCILS

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Alex Counts President and CEO

Joshua Tripp Chief Financial and Chief Operating Officer

David Edelstein Senior Vice President Solutions and Regions

Camilla Nestor Senior Vice President Global Solutions

Hillary Miller-Wise Regional CEO Africa

Alberto Solano Regional CEO Americas

Christopher “Happy” Tan Regional CEO Asia

Steve Anderson Vice President Chief Technology Officer

Shannon Maynard Vice President Chief Talent and Knowledge Officer

Steve Wardle Vice President Strategic Partnerships and Business Strategy

Sandra Winters Vice President External Affairs

Julia Soyars Legal General Counsel and Assistant Corporate Secretary

EXECUTIVE STAFF

Naana AbakahBetty AbaloNighty AberSandhya AcharyaLidya AcolaJohn AcquahChester AdamsBilley AdamuEdward AdimazoyaRebbeca AdongoGilbert AgabaMiguel AgudeloAntoinette AkanliseAlice AkelloBenjamin AkentengSamantha AkinsHarriet AlubiViola AlumoJuan AlvarezJohn AmoahLydia AmugeBernice AnangStephen AndersenAfua AnkomahCynthia AntwiRonald ApalibokaHarriet ApilaJoyce ApioIsaac ArinaitweJoseph AsuakoVicky AtimCrispus AtuheireLenah AtukwasaGillian AvakoGloria AyooFrancis BallardJames BalukuWilson BazibumbiraJoseph BbirikaddeWahab BirumaProssy BirungiDenis BithumSeth BoatengAaron BrittonPeter Brown

Tonny BukeeraHarima BuliibwaCaitlin BurtonMoses BwambaleFiona ByarugabaRamiro CadavidArcelia CardenasElaine ChangChristina ChaoKa ChauEliana ChavarriaErin ConnorSergio CorreaAlexander CountsDarwin CruzOwen DaviesIan DavisDebra DeanKatherine DevineAkuba DolphyneKwasi DonkorDavid EdelsteinSheba EtapuErin FlorenceKenneth FoxArmine FranciscoSarah GabeyaVictor GamadoWhitney GanttJulian GomezKari Hammett-CasterSamantha HaviserMichaela HayesMichelle HendersonNicole HermanJuan HernandezMaria HernandezAna Ysabel HerreraLiliana HerreraFrank HusterDavid HutchfulKweku IdunBeverly JacksonChristine KabatooroMayimuna Kabatooro

Peter KahukiWinfred KalifaJackline KansiimeRuth KansiimeBerenice KasayaGreta KauffmanAnnette Kawooya-

BogereIsmail KayembaAnuda KediaAdrine KembabaziEvelyne KembabaziLisa KienzleSylvia KimuliHerbert KineneBruce KisituMary Jo KochendorferSarah KomuhangiAndreas KoutsoudisCaroline KudwoliWilliams KwarahLuke KyohereAdamu LabaranRobert LaRubbioGordon LauLauren LavoieJenefer LhughabweThomas LightMaria LobonCris LomboyLindsey LongendykePeter LugemwaJohn LuyimaRobyn MacIntireHenry MalobaJulius MatovuShannon MaynardCecilia MbawaddeJoseph McNultyRachel MeresmanHillary Miller-WiseSam MiltonAnitha MoorthyNicholas MugabiAndrew Mugalu

Sarah MugishaBrigitta MugoSteven MugoDavid MugumeJoel MuhumuzaJulius MujuniEve MungaiNjambi MungaiCaroline MungutiJessica MurciaJibril MusahHappuch MusinguziJude MusokeRenita NabisubiSylvia NakabugoBridget NakajubiSara NantagyaWinnie NatuhweraFrederick NdiwalanaCamilla NestorRita Naadei NikoiStephen NsubugaArnold NuwagabaRichard NuwagabaDorothy OgollaWilly OkelloSimon OkotBernard OkumaHarriet OnguraArnold OnzimaKwame OpareChristine OpioRobson OpioJuan OrozcoEvaline OryemSam OtimErias OyesigyeRebecca PaguioAstha ParmarSuzan PeaceJulie PeacheyJackline PidoSabrina QuaraishiSharada RamanathanChristine Roberts

Karen RomanoRonald RukwagoMelanie SchelbleHosea SempaWinifred Siaw-SapporeStephanie SimpsonAlberto SolanoJulia SoyarsRashid SsekitoolekoNoah SsempijjaCharles SsemwogererePaul SsengoobaCharles SsewunguEria SundayVenkitaraman SureshBenson TaiwoChristopher

“Happy” TanGideon TaremwaLaura TarreSara TelzerShuiab TettehMicheal TetteyKoshal ThirumalaiJohn TippettFrancis TitoNapoleon TobiasJoshua TrippElizebeth TuckerEmily TuckerDeus TuryahairwePrivia TuryatungaLoyce TusiimeMartin UmeBrian WachiraCharles WamalaCharles WanumeStephen WardleTiffany WilsonSandra WintersAlfred YeboahLiselle Yorke

STAFF

As of July 31, 2014

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Maram Abu EinConnor AdamsAbby AddisLidia AfonsoSoji AgbanaRaschid AhsanullahAmir AliMaysa AlmaniGustavo AlvaradoSemhar AmdeMeghan AnandEmily AreanFlorie ArleguiCharles ArmahElena ArozarenaAlanya AtatekinAlex BadiniciAnthony BalbonaSourav BanerjeeAoileann BanksFrank BarbutoNatashe BarnardNeal BarschStacy BeachEmelina BerkshireAna M. BermudezJonathan BerthetFrancois Xavier

BertschyAjay BhandoolaLindsey BrannonMarie-Noelle BrissonKhrystine BuccatLaura BurnsCharles ButlerJason CandeeRam ChaitanyaJenny ChangGaren CheckleyIrene ChungMichael CipressoElyse CollatChiara ContiIdriss DahbiTamsin DaviesAlice DavisonMaria Teresa

Del RosarioAnthony DeRubeisDamien DessisSarah DicksonGrace DolanPriscilla DorresteijnAnique DunnKazeem DurodoyeDeidre Eason

Franziska EggimannRonnie EngSahra EnglishArlicia EtienneCecilia FabrizioFrank FalzonCecillia FanAndrea FangMegan FarmerAlonso FernándezSaulo FerreiraPaul FiddickCarlos FierroMazda FigaroBradley FisherJulia FlaigEve FloodTomas FloresTrevor FoleyNoah FrancisZhuojun FuPaula FynbohNatalia Garcia-

NigaglioniIlona GawedaSenan GeraghtyJP GerardAnirban GhoseCostanza GiagnoniDennis GitongaShaun GoodwinMarcel GordonRoger GriffithPrashanth GubbalaSurabhi GuptaSultan HaiderAndrew HallmanAnnie HambyTomas HamudisRebecca HardySarah HassanenAnnie HodgesJonathan HollowaySai HonigHailey HuPaul HuynhPrasad IyerDavid JamesTadia JamesKiran JanduTrevor JohnstonFelipe JordaoWangari KabiruHimesh KalaFrancis KamauNjuki Kamundia

Anthony KaringiMichelle KaticsSher KhanBrian KiagoWilliam KirkmanSherman KongScott KrenitskiDaniel KrepsAngela KriegerKatherine KuanNathan KuchtaJanelle KuhlmanEmmanuel KumStephanie LabedzSami LahoudJudith LantiguaGaysha LawrenceAlysha LeachRichard LedleyFreddy LeeKaren LeeMeradith LeebrickRichard LevinsonLu LiFelicia LiuMichelle LoboLucy LohrmannJason LoughnaneWenxiao LuFlorence LuiKyle LukianukEverton LuzAlexander MagamuraDusty MagillBinny MalikLamia MamoonDavid ManigandPeter MarchantJesus MariscalSosha MathewArica MaurerPaulina MazurekLaurel McAndrewsFranny McGillLucy McKennaPaula McLarren-

JohnsonLusine MehrabyanAarathi MenonJayakrishnan Govinda

MenonVirginia MillerIan MlengaMolly MoenPablo MontesanoFulvia Morales

Maryam MossavarAlex MuisyoAngeley MullinsJames MuriithiKazeem MuritalaAlexander MurrayWanjiku MwangiCaroline MwendeFlorian NaglAmol NaikTakuhiro NakamuraDaniel NavarroSekai NdemangaEmanuela NeaguMaya NehruLuisa NenciMichael NgeneJustus NgumbaLorenzo NigroKacper NowickiDaniels OchiengFrank OdendallLuke OlbrichChris OlsonAndrew OmaribaAnna OrthoferMahaman Laouali

OusmaneSwati PatelMarc PecquetSarah PembertonRome PerlmanClaire PerryDerrick PfefferMorten Hellesøe

PoulsenIshita PriyalSatish RajaBala RajagopalSharada RamanathanDaniel RankinTayyaba RaziAlice RepettoAlberto RodríguezKatherine RousseauRobert RoutNeela SaldanhaRonak SampatMiguel Sánchez

de PedroSiddhita SankholkarDarshini SanthanamMichael ScharfsteinMiriam SchneiderSilvia SeceleanuBrian Shah

Dhwani ShahRubin ShahMiaomiao ShaoJessica SheehanJames ShenJohn SheridanHoward ShermanRoxana ShirkhodaEvan ShulmanJim ShumaRaisa SiddiqueSadya SiddiquiRachel SiegelAndrew SimmonsGyula SimonyiMichael SmithMorgan SnowAlex SongElizabeth SongBarbara SoriaUrs SteurerPin SuJustin SuhCharlotte SuttonAnja SwobodaMohammed SyedDanielle TackoorShalinee ThakurNikki TurnerPaula VásquezKim VenkataramanJennifer VignoneAsya VitanovaJennifer VlasiuMara VlatkovicJen VosslerKyle WagnerGrace WanderaJosephine WangiriChristine WarrenRafay WasayDavid WasherMeri WaxJohn WeillerKimberly WeinrickJacqueline WhiteChelsey WickmarkPaige WilkinsonLindsay WishartTomasz WiszkowskiAnna YeungWarda Zahid KhanAnna ZanghiKun ZhangEdgar Zurita

BANKERS WITHOUT BORDERS® VOLUNTEERS

Grameen Foundation is pleased to recognize volunteers who contributed their time and talent between April 1, 2013 and March 31, 2014.

18WWW.GRAMEENFOUNDATION.ORG

None of the accomplishments listed in this report would be possible without the support of our generous donors. Your compassion has given the poor real opportunities to start improving their lives and climbing out of poverty. Thank you for changing lives this year!

Everyone can play a part in ending poverty for millions around the world. Our work to empower the poor is not possible without your support. Here are some ways you can help:

GIVE TODAYWe 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, please visit grameenfoundation.org/give. Your gifts are fully tax-deductible to the extent allowed by law.

VOLUNTEERJoin our Bankers without Borders® volunteer corps and use the skills you’ve gained in business (regardless of your background) on projects to help the world’s poorest – either on location or from your desk. To find out about volunteering opportunities, visit www.bankerswithoutborders.com.

GIVING AT WORKMany companies generously support their employees’ philanthropic causes. Visit www.grameenfoundation.org/matching to learn how you can designate Grameen Foundation in your workplace matching gifts program.

GRAMEEN FOUNDATION LEGACY SOCIETYMake a planned gift by designating Grameen Foundation as a beneficiary in your will, retirement plan, or life insur-ance policy. You’ll help poor women and men build a future for their families while simultaneously reducing your estate and income taxes. For more information, please visit www.grameenfoundation.org/plannedgiving.

SPREAD THE WORDBe our ambassador to your family, friends, and colleagues by letting them know how Grameen Foundation’s work provides opportunities to the poorest and helps defeat global poverty:

LIKE US ON Facebook.com/StopPovertyNow

SUBSCRIBE TO OUR CHANNEL ON YouTube.com/Grameen

SUBSCRIBE TO OUR E-NEWSLETTER at grameenfoundation.org to learn more about our work

FOLLOW US ON Twitter.com/GrameenFdn

FIND AND FOLLOW US ON Google+ and LinkedIn

READ OUR BLOG AT grameenfoundation.org/blog

TAKE ACTION

www.grameenfoundation.org

Grameen Foundation Headquarters1101 15th Street NW, 3rd FloorWashington, DC 20005

Grameen Foundation Seattle Office2101 4th Avenue, Suite 1550 Seattle, WA 98121

Grameen Foundation Colombia OfficeCarrera 30 Calle 10C-228Edificio Interplaza, Oficina 917Medellín, Colombia

Grameen Foundation Ghana OfficeOSDTD5041No. 25 Labone Cresent, LaboneAccra, Ghana

Grameen Foundation Kenya OfficeMezzanine FloorP.O. Box 21856-00505Nairobi, Kenya

Grameen Foundation Philippines OfficeCo.LabUnit 301, #3 Brixton StreetKapitolyo, Pasig City 1603The Philippines

Grameen Foundation Uganda Office2nd FloorPlot 54, Lugogo Bypass - Rotary AvenueKampala, Uganda

Grameen Foundation India (wholly-owned subsidiary)C 406, Nirvana CourtyardNirvana CountrySec 50Gurgaon 122002www.grameenfoundation.in

Grameen Capital India Ltd. (joint venture)No. 402, 36 Turner RoadBandra (West), Mumbai - 400 050www.grameencapital.in

Grameen-Jameel Microfinance Ltd. (joint venture)International Humanitarian CityBuilding # 4, Office 139, First FloorDubai Industrial CityP.O. Box 506025Dubai, U.A.E.www.grameen-jameel.com

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