1

World Education Australia

Balancing the Scales

logo

2

logo

How did I get here?

3

logo

World Education Australia Enriching Human Potential

4

logo

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.

5

logo

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

6

logo

World Bank- The world is poorer than we thought

7

logo

8

logo

Our Core Work

- MORE than just a LOAN

“The Three Pillars”

9

logo

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)

10

logo

11

logo

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

12

logo

Basic Literacy Classes in Makwanpur, Nepal

13

logo

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

14

logo

15

logo

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

16

logo

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

17

logo

18

logo

World Education Australia Projects

• Good Return online loan portal• Tin Khamba- Nepal• Microbank- Laos• My Better Future- Cambodia

• Others:–Tibet–Sri Lanka–Bangladesh

19

logo

20

logo

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

21

logo

22

logo

23

logo

24

logo

25

logo

26

logo

27

logo

28

logo

29

logo

30

logo

31

logo

32

logo

33

logo

34

logo

35

logo

36

logo

37

logo

38

logo

39

logo

40

logo

41

logo

42

logo

43

logo

44

logo

45

logo

46

logo

47

logo

48

logo

What Next?

49

logo

50

logo

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

51

logo

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

52

logo

logo

Thank you