EliminatingPovertythroughSocialBusiness

AnnualReview2016

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TableofContents

Chair’sMessage 3CEO’sMessage 5KeyPrograms 8

• SocialBusinessHub,ManilaPhilippines 9• LivestockTrainingCentre,SiemReapCambodia 14• AutomotiveTrainingCollegeandWorkshop,DhakaBangladesh 17

OurBoard 18OurCommitment 212016GrameenFoundation(Australia)AuditedFinancials 22

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Chair’sMessage

OurStory

WeareamemberoftheinternationalGrameenfamilyandareinspiredbytheworkandvisionary‘alleviationof

poverty’philosophyofProfessorMuhammadYunus(NobelPeaceLaureate2006).

OurStatus

GrameenAustraliaisanAustraliannotforprofitorganisationwithType1DGRstatusapprovedundertheAustralianGovernment’sOverseasAidGiftDeductionSchemeandisaPublic

BenevolentInstitution(PBI)withtaxdeductibilityinAustralia.Itisanaccredited

memberoftheAustralianCouncilforInternationalDevelopment(ACFID)anda

signatorytoitsCodeofConduct.

OurMission

“Toworktirelesslytomakepovertyhistory”

Wecombineentrepreneurialcapacitybuildingwithsoundbusinessknowledgeandfinancialempowermentto

createsustainablewealthforthepoorestfamilies.

OurMessagetoourDonorsandStakeholders

“DonationsandSocialInvestmentfundstoGrameenAustraliahavealastingandincreasingimpactonthelivesofpoorpeople,empoweringthemtoliftthemselvesoutofpoverty.”

MultiplierEffect:2+2=22

• FundsarerecycledsoeachdonationisavailabletomultiplepeopleinpovertyThefundsarerecycledaftereach6monthloancycleandareusedagain

• FundsareusedtoencourageIncreasedCommunityExportandImportReplacementActivitiesFundsmaybeusedtodevelopsocialbusinessactivitiesthatcreateamarketforourmicro-entrepreneurstoincreasetheirincome

• FundsLeverageincreasedfamilyincomeandcommunityGDPYourDonationwillleveragebusinessandeconomicactivityinmarginalisedcommunitiesOurMission OurModel

“OurcreativemodelworkswiththedynamicsofbothSocialBusinessandMicrofinance”

SocialBusinessesgeneratemarketsformicro-

entrepreneursproductsandservices

Microfinanceencouragesmicro-entrepreneurstotakeonsensiblebusinessloanstogrowtheir

businessactivityfamilies.

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GrameenAustralia’smissionistoeliminatepovertyinsomeofAsia’smostneglectedcommunitiesbyapplyingourSocialBusinessModeltocreatenewsourcesofincomeforpovertystrickenfamilies.Ourdynamicapproachcombinescompulsorytraining,ongoingmentoring,microfinanceandleadingtechnologytoempowerbeneficiariestochangetheirownlivespermanently.SocialBusinessusesthetoolsofbusiness–efficiency,economicviabilityandinnovation–todrivescalableandsustainablesocialoutcomes.GrameenAustralia’sprojectportfolioincludesthreekeyinnovativeprograms:1. Philippines:GrameenSocialBusinessHubinManilafocusedonurban

microfinance,educationandsocialbusinessdevelopmentinManila’sslums(USD1,200,000raisedtodate).

2. Cambodia:LivestockTrainingCentretoprovidesecureincomeforscavengersonSiemReap’sdumpsiteandpoorruralcommunities(USD400,000raisedtodate).

3. Bangladesh:AutomechanicTrainingSchoolandWorkshop(AdvisoryRole)inDhakaprovidinginternationalstandardtrainingandapprenticeshipsforthechildrenofthepoorestGrameenBankborrowers(USD1.95mraisedtodate).

PeterHuntAM(Chair)

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CEO’sMessage

OurAchievements2015/16wasasignificantyearforGrameenAustraliawithourprojectsreachingkeytargetstoenablescaleupinouroperationstoincreaseoursocialimpact.Ourworkhasbeengenerouslysupportedbyakeygroupofphilanthropistsandsocialinvestors,enablingustoleverageintoourinnovativeprogramsforlong-termandsustainablepovertyeradicationinAsia.Keyperformanceindicatorsoutliningtheoureffectivenessare:

1. MoneyRaisedversusFundraisingCosts–7:12. DirectProjectCostsversusNon-DirectProjectCosts–3:13. ProjectCosts(non-direct+direct)versusAdminCosts–4:14. No.ofDirectBeneficiariesversusNo.ofStaff–71:15. ProjectStaffversusHeadOfficeStaff–13:16. GovernanceEfficiency:

o BoardandARCMeetingsHeldversusRequired–100%o BoardAttendanceRates–81%

MilestonesandGoals

Milestones2015/16 Goals2016/17 KeyAchievements1Q2016/17

SocialBusinessHub,ManilaPhilippines

• 1,656membersin39centresfromsomeofManila’smostneglectedcommunities

• 3,043compulsorybusinesstraininggraduates(inceptiontoJun2016)

• Totalloansof2,286(AUD456,764)

• AUD58,073intotalsavings

• RaisefundsofAUD1.2mtosupportexpansiontomorethan3,000loansbyyearend,impactingatleast10,000people

• Developmentofatleast2cooperativesocialbusinesseswithbulksalespotentialoutsidethelocalcommunitytoensureinflowoffunds

• SuccessfullyraisedfundsofAUD2.1m,whichwillsecuretheloanpooltoensurethereleaseof3,000loanswithinthenextyear

• 1cooperativesocialbusinessesestablishedinrag-making,withplansunderwayforatleast1additionalbusinesses

• Mobilebankingunderwayforallmemberstofacilitatemobileloanmanagement

• Savingsprogramandmicro-insuranceroll-outwellunderway

• Implementationoffull-scalefacilityincludingbanking,transfers,billpayingandinsurance

• Savingsandinsurancerolledouttoallbeneficiaries

• Testingprogramforfull-scalefacilityunderdevelopment

• Allbeneficiarieshavesavingsaccounts,andinsurancelevelsincreasing

InitialSocialImpacttestingconfirmedincomeincreasesatanaverageof47%

ExpansionoftheSocialImpactSurveytoallbeneficiariestofurtheranalysetheprogram’simpact

Programdevelopedtorollthesurveyout,withtestingoftheprocessunderway

PhnomdeiLivestockTrainingCentre,SiemReapCambodia

21Stage1graduates,14continuingonasStage2

Expandedapprenticeshiptrainingincludingcomputer

• Apprenticescurrentlymanagethechicken

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apprentices databasemanagement&marketing

statisticsdatabase• Astallwaspilotedby

apprenticestosellchickensatalocalmarket

Over200localpeasantfarmerstrainedinlivestockrearing

• IncreasedtrainingandchickensupplytolocalandinternationalNGOs

• Commencementofdevelopmentofa“VillagebasedChickenRearingModel”toincreasereachandimpact,andsecurefurtherscale

• Discussionswithpotentialpartnerscommenced

• Initialconceptdocumenttobecommencedearlyinthenewyear

• 4,500chickensattheCentre,withmarketssecuredatkeylocalrestaurants

• BiosecurityandchickenhealthtrainingprovidedbyindependentExpertinthefield

• Scalingtoastable8,000plusflocktosupportongoingsales

• Implementationoffullinternationalstandardbiosecurityandhealthprogramtosecuretheflock

• Flockstabilisingatnearly5,000,witharrivaloflargescaleincubatorinNovembertofurtherimprovehatchingrates

• Significantbiosecurityimprovementsunderway;expertadvisedvaccinationandhealthmanagementprogramunderway

AutomechanicTrainingSchoolandWorkshop,DhakaBangladesh

• First10studentscompletedyear1oftheir2yearcourse,withallstudentssuccessfullymovingtothemorechallengingandhands-ontrainingoftheyear2program

• 17newstudentscommencedinJanuary2016,andareprovidingtobeasdeterminedtosucceedastheinauguralintake

• AgreementfinalisedforCommercialWorkshoptoprovidenextleveltrainingforapprenticesandsecurefundingfortheSchool

• Secureadditionalinternationaltrainingsupporttofurtherimprovetrainingqualityandmovetowardsthemediumtermgoalof200studentsperannum

• DiscussionswelladvancedtowardsaCommercialWorkshopagreement

• Internationalinterestinsupportingtheprogramsecured,withdiscussionunderway

Sincethecloseoftheyearend,proceduralmonitoringoftheSocialBusinessHubidentifiedanissuewithlocalmanagementreporting.Aninternalauditwasundertaken,whichidentifiedthatasignificantnumberofloanswerelate.Asaresult,aremediationplanisbeingimplementedincludingchangesinlocalleadershiptostrengthenseniormanagement,anassessmentofallsystems,fullreviewoftheloanbookandtheintroductionofadditionalchecksandcontrolmeasuresintandemwithevenmore‘bank-like’practices.Thefinancialyear-endfortheSocialBusinessHubisDecember2016atwhichpointthesituationwillbefullydocumentedinpreparationfortheexternalaudit.TheSocialBusinessHubfinancialsarenotconsolidatedintothisreportasperNote1(e)intheAuditedFinancialReportincludedintheAnnualReview.

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SocialImpactLogicModelGrameenAustraliaiscommittedtodeliveringonitsmissiontousethepowerofsocialbusinesstoempowerfamilieslivinginextremepovertytocreatesustainablewealthandamoresecurelifeforthemselves.Toensureweretainaclearfocusonthiscommitment,wearedevelopingaSocialImpactLogicModeltodeterminetheOutputsandOutcomesofourprograms.Ouranalysisisfocusedoncapturingarangeofmetricstoenableustodrilldownintochangesinourbeneficiariescircumstancesincludingchangeinincome,savings,businessownership,jobscreated,housingsituationandspendingonfood,healthandeducation.SampleanalysishasbeenundertakeninourfirstborrowercommunityinManilawithearlyresultsconfirmingthesignificantandmeaningfulimpactourprogramishavingonthelivesofourborrowersandtheirfamilies.

DuncanPower(CEO)

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KeyPrograms

SocialBusinessHub,ManilaPhilippines

AutomechanicWorkshopandTrainingCentre,

DhakaBangladesh

LivestockTrainingCentre,

SiemReapCambodia

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SocialBusinessHubManila,Philippines

KEYSUCCESSES2015/16

103BORROWERSTO1,656BORROWERS

Purpose

IntheManilaslumswedevelopentrepreneursbyprovidingmicrofinanceproductsatthelowestpossibleinterestratesconsistentwithfinancialviabilityandgrowth.Educationiskeytothesuccessofourmembers–wepairaffordablecapitalwithbusinesstraining,

financialliteracyandongoingmentoring

People

Manila’surbanpoordeemedtooexpensiveandriskyfortheconventionalbankingsystem.Ourmembersarethelandlessorotherwiseneglected,livingindumpsitesand

squattercommunitiesandotherslumareasinurbanManila

2020Goals

Toestablishaprofitable,dynamic,impactfulmicrofinanceprogramwithcentresacrossurbanManilasupportingthebusinessaspirationsofatleast15,000borrowers,therebyimpactingupto75,000livesthroughincomeincreasesofatleastanaverageof40%

Providethefinancial,marketingandeducationalsupportforthedevelopmentofatleast6socialbusinessesthatbringstable,ongoingnewmoneyintotheircommunities

EstablishthereplicationoftheprogramthroughthedevelopmentofpartnershipsforimplementationinotherSEAsiancitieswithmajorurbanslums

UniqueAmongstMFIs

MAXIMISEtraining,capacitybuildingandongoingmentoringPROMOTEbusinessesthatprovideimport-exportreplacement,bringingnewincomeinto

communitiesMAXIMISEcloudandmobiletechnologytoensuredatatransparency,paperless

transactionsPROMOTEcommunityinvolvement,self-helpgroups,fosterlocalownershipand

environmentalawarenessMAXIMISEfamilyIncomebyprovidingcapitalataffordableinterestrates(halfthe

averageMFIrate)PROMOTEdevelopmentofsocialbusinessestoencouragediversemicro-business

opportunities

121batchesofStartYourOwnBusiness(SYOB)training3,043graduates

2socialbusinessesinitiated

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Achievements to 30 June 2016 • Increasing number of borrowers are growing their businesses following receipt of

loans with most doubling and some even tripling their income • 2,286 loans have been released to a member base of 1,656 borrowers (AUD

456,764). • Savings accounts established by borrowers to secure their financial future against

unexpected issues such as illness or natural disaster with AUD 58,073 in total savings.

• Loans in the process of going live in the cloud based Mambu IT loan management system

• 39 Centres established and 3,043 graduates of the compulsory business training • 3 businesses established, with sales secured:

o Soap – bars delivered to a Hotel in Australia to date, and successfully being used as fair trade soap for guests.

o Uniforms – initial order of shirts o Rags – commercial scale orders negotiated with corporate partner with ongoing

deliveries • Agribusiness social business development under negotiation with major corporate

partner

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1,126 1,656

2,200

4,500

- 500

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000

Dec 14 Dec 15 Jun 16 Dec 16 (Projected)

Dec 17 (Projected)

Tota

l No.

of M

embe

rs

Membership Growth

103

1,270

2,789 3,255

7,755

- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

Dec 14 Dec 15 Nov 16 Dec 16 (Projected)

Dec 17 (Projected)

No.

of L

oans

Growth in Total Microfinance Loans

Note – A member is a previous or current ‘borrower’ and/or ‘saver’

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KEYOBJECTIVES2016/17 1) AchieveScaleScaleto6,500borrowersby2018and15,000borrowersby2020therebychangingatleast75,000lives

2) Technologically“TheBest”Cloudbasedmobilebankingtopowercashlessbankingtoincreaseeffectiveness,mitigatetherisksofcashanddecreasecosts

OngoingMentoringandTraining

TARGET2018

Scaleprojectto

6,500borrowerstoachievefinancial

sustainability

1SelfHelpGroup

2Training/businessplan

3Microloans&Savings

4WeeklyMeeJngs

5Successful

Entrepreneurs

Social-impact

BusinessesidenJfiedforfunding

100%loanrepaymentstodateMobileBankingSystem–maximisingcostefficiencyandsecurity

Createmarketsforlocallymade

goods

TARGET2020

Scaleprojectto

15,000borrowerstoachievea

bankingstatus

NewMarkets=NewMoney

BankingPartnerATMCard

MobilePhone Cloud TechPla7ormMAMBU

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3) CommunityInvolvementandTraining5stepCreditApprovalProcess:• Becomeamemberofoneofourself-helpgroupsandcentresinMetroManila• Successfullycompletethe“StartYourOwnBusiness”course–membersare

trainedinpracticalbusinessandcash-flowplanning• GrameenAustraliaAccountOfficerconductscreditbackgroundinvestigation• CentreCreditRecommendationCommitteewithAccountOfficerand3Centre

Leadersmustapprovetheloan• GrameenAustraliaCreditCommitteeendorsementLoanSecuredBy:• 2Guarantors–spouse+communitymember• LoanInsurance(possiblylifeinsuranceaswell)4) IncreaseBranchesinAreasofNeedDemandforourservicesisincreasingasawarenessoftheeffectivenessofourprogramgrows–scalewillprovideuswiththeopportunitytoreachthesecommunities.

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5) EnsureourDonorFundscreateaRealDifferenceMicrofinanceandSocialBusinessinvestmentcreatesapowerfulmultipliereffect

OneBorrower’sStory

25,000Loans

10,000Loans

1,000Loans

10Loans5YearImpact

$300

1Loan1Entrepreneureach6months

$30,000

2Centres100Entrepreneurseach6months

$300,000

1Branch1,000Entrepreneurs–

fundsrecycled

$500,000-$1m

Underwrite2-4Branches

2,500+Entrepreneurs

InvesHnginmicrofinanceandsocialbusinessloansmulHpliesyoursocialimpactupto10xin5yearsthroughloansbeingusedagainandagain.

Juliet’slivingconditionsinTaytaywereverybleak-herhomehadnofloorandis

regularlyswappedbyfloods

JulietjoinedtheHubandwasquicktorealizethepossibilities–sheisnowonherthirdloanandisakey

memberofaragcooperativesellingbulkproductstoaGrameenAustraliacorporatepartnerata

fairprice

JulietisnowourdynamicandinspirationalTaytay

Centreleader

Julietsayshergreatestachievementistonowbeabletofundhighereducationforher

children

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LivestockTrainingCentreSiemReap,Cambodia

KeySuccesses2015/16

Creatinghopeandfinancialsecurityfordumpsitescavengers

DevelopingaCentreleadingthewayinthecommercialrearingof

localKhmerchickens

Purpose

Weprovidetraininginbestpracticechickenfarmingmethodstoverypoorpeoplewiththeaimtoatleastdoubleourapprentices’incomesandensurelongtermfoodsecurity.Designedasasocialbusiness,thefarmsellsKhmerchickensandeggstoclientsinSiemReap,withprofitsfundingthecomprehensivetrainingofnearly20formerscavengersandlivestocktuitionforover200externalNGObeneficiaries.

People

FamilieslivingontheDumpsitenearSiemReapTown.ThesescavengersworklonghourseverydayinatoxicanddangerousenvironmenttoearnonlyaboutUSD1.50

perday

2020Goals

Toachievefinancialsustainabilityby2017throughthesaleofchickenandeggs,theprovisionoftrainingandchickenstoNGOsandtheirbeneficiaries,andtherentalof

thetrainingcentretolocalbusinessestohosttheirtrainingactivities.

Profitabilitywillprovidetheplatformtodevelopaneggproductionprogramtoprovidechicksforacooperativecommunitybasedchickenrearingprogramwith

familiestraininginrearingandfinanciallysupportedthroughmicrofinancetodeveloptheirownbusinessestoprovidechickensfortheCentre’snetworkofcustomers

PointofDifference

Establishedon3hectaresoflandnearthelocaldumpsite

Providesastable,fairincomeforgraduateswhogainemploymentattheCentreasapprentices

Khmerfree-rangechickenstosatisfyhighdemandfrommiddleandupperclassKhmers

Engagesworld-classchickenexpertsfromAustraliatoadviseonqualityandfarmpractices

Best-practicetrainingcentrethatcanbereplicatedinotherdistricts

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TheMultiplierEffectofDonatingtotheLivestockTrainingCentre

Achievementsto30June2016• Studentswhohavecompletedthe

firstphaseoftraininghavedoubledortripledtheirincomedependingonthenumberofhourstheycommittoworkingattheCentre

• TheCentre’smissiontomaximisesocialimpactwhilstfocusingonfinancialsustainabilityisreflectedinitsworkwithleadingInternationalandlocalCambodianNGOsworkingtoalleviatepoverty.TheCentreisprovidingtrainingtoteammembersandbeneficiariesoftheseorganisationsandsupplyingthemwithchickens.

• EstablishmentofanExpertAdvisoryCommitteecomprisingmemberswithmorethanacombined50yearsexperienceintheindustryhassupportedmajorimprovementsinbiosecurity,chickenhealthandqualityoffeedresultinginsignificantflockgrowth.

• SalesofchickenstothelocalhospitalityindustryaresteadilyincreasingduetostrongdemandforlocalKhmerchickenmeat.

• InfrastructureworkattheCentrehasbeencompletedwithnewchickenpenstomanagetheincreasednumbersandthepurchaseof3incubatorstoimprovebirthratesaseggnumberssteadily

PERFORMANCEOVERVIEW

Foodsecurity

Trainingfor5,000

5,000chickenhoused

10Loans5YearImpact

$400

1Loan

1Graduateeach6

months

$10,000

BuildanewBlock

attheChicken

Farm

$300,000

Onenewchickenfarm

trainingcentre

established

$500,000-$1m

Underwrite

developmentof

chickenindustry

InvesKngincommercialpoultryraisingforthepoorwillhavealargemulKplier

effectandprovidefoodsecurityformanythousandsofpeople.

ImpactMetric IndicatorJun-16

Budget(Dec-16)

Break-Even/Month

No.ofChickens 4,607 10,000 12,803Eggslaid/month 1,344 6,000 7,500ChickenSales(kg) 896 2,100 2,895Income/month(AUD) 4,626 10,623 15,923No.ofGraduatesWorkingontheFarm 15 15 -No'of'EnglishforChildren'Attendees 71 - -

FarmScale

Sales

Education

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OneScavenger’sStory

Sal,oneofourfarmers,wasascavengeronthelocaldumpsite

Salhasnowgraduatedfromourtrainingcourse

Salisnowresponsibleforday-to-daychickencareand

management…

…andsalesofourchickensatlocalmarkets

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AutomechanicTrainingCollegeandWorkshopDhaka,Bangladesh

(AdvisoryRole)

Purpose

Themissionofthesocialbusinessesistoprovidebest-in-classautomechanictrainingtocreatejobsforverypooryoungpeople.EstablishedasapartnershipbetweenGrameen

ShikkhaandSKDreamJapan,thisisaresidentialprogramthatleveragesJapanesetechnologyandfunding,andengagesautomechanicteachersfromAustraliaandJapan.

ProfessorYunusistheChair.

People

Post-secondarystudentsfromdeprivedandverypoorrural/urbanbackgrounds.Selectionisbyapplication

2020Goals

Toscaleoursocialbusinessto200studentsperyearandachievebreak-evenbyyear4.Commercialincomefromtheautomechanicshoppaysstudentfees.

Themarketfortheshopisnewwealthy/uppermiddleclasspeopleandcorporates.

PointofDifference

Providestraininginmarketableskillsandongoingmentoring

GoodlocationnearDhakacitycentre

Workshopispartofmajorautodealershipexposingstudentstoprofessionalqualitystandardsonadailybasis

ProvidesinternationalcertificationandEnglishandlocallanguagetuition

Thestudent’sfeesarefundedthroughcommercialincomefromtheworkshop

TeachersfromJapanandAustralia

Provideshands-onexperienceaswellassocialsupport

AchievementstoDate

• InitialworkshopandschoolpremisessecuredfromRangs,akeylocalbusinesspartnerandoneofBangladesh’slargestconglomerateswithexpertiseintheautomobilesector.

• NegotiationofapartnershipshareagreementwithRangsforlong-termsustainabilityandfinancialsecurity.

• EmploymentoftheHeadTeacher,aqualifiedInternationalautomobilemechanicandteacher.

• Initialcurriculumcompletedwithongoingdevelopmentastheprojectprogresses.• 100applicationsreceivedwith10studentsselected.Theapplicationprocessincludedchallengingpracticalandwrittentestsandformalinterview.

• CriteriaforselectionincludedthattheybefromtheverypoorestbackgroundswithfamilyincomebelowUSD150/month(USD5/day)

• Schoolcommencedon16thJanuary201.ThestudentscompletedtheirfirstyearinDecember2016andareprogressingverywell.

• Thesecondintakeof17studentscommencedtheirstudiesinJanuary2016

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OurBoard

PeterHuntAM,ChairPeterisChairmanandoneoftheoriginalfoundersofGreenhill(www.greenhill.com),aleadingAustraliancorporateadvisoryfirmthatisnowpartoftheglobalGreenhilladvisorygroup.Peterhasbeenadvisinglocalandmulti-nationalcompaniesandgovernmentsinAustraliaforover25years.Inthenotforprofitsector,PeterisChairmanofGrameenAustraliaandSoTheyCan(bothinvolvedinoverseaspovertyalleviationwork)anddirectorandfounderofWomen’sCommunityShelters.PeterisalsoamemberoftheAdvisoryCouncilsofMissionAustraliaandtheCentreforSocialImpact.PreviousrolesinthesectorhaveincludedaTrusteeoftheAnindilyakwaIndigenousMiningTrust,ChairmanoftheAMPFoundation,ChairmanoftheAustralianStringQuartet,TrusteeofStVincent’sClinicFoundation,adirectorofOdysseyHouseandadirectoroftheStJamesEthicsCentre.PeterwasmadeamemberoftheGeneralDivisionoftheOrderofAustraliaintheQueensBirthdayHonoursListin2010forservicestothephilanthropicsector.NigelAmpherlawAcharteredaccountantwithsignificantexpertiseinriskmanagement,technologyandauditservices.NigelrecentlyretiredaspartnerandpracticeleaderofPricewaterhouseCoopers,apositionheheldfor22years.Nigelcurrentlyholdsanumberofpositionsincluding:• Director,CUA(sinceMarch2011)–Chair,RiskCommittee&Technology

Committee• Director,QuickstepTechnologiesLtd–Chair,AuditandRiskCommittee

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LindleyEdwardsGroupManagingDirectorofAFGVentureGroup(www.afgventuregroup.com)anditsvarioussubsidiaries.TheGroupprovidescorporateadvisoryservicesthatincludemergers,acquisitions,divestments,capitalraisings,strategicconsulting,licensingandjointventures.AFGVentureGroupoperatesthroughouttheAseanRegion,withfullofficesinIndia,Singapore,IndonesiaandThailand.

PreviouslyLindleywasaStateManager(Vice-President)withCitibank.PriortothispositionshespentnineyearswithMacquarieBankandwasanAssociateDirectorwiththeCorporateBankingDivision.

SheisaFellowoftheFinancialServicesInstituteofAustralia.LindleyholdstwoundergraduatedegreesoneinAccountingandtheotherinBankingandFinance.ShealsoholdspostgraduatequalificationsinCorporateGovernanceandinvariousFinancialServicesregulatorycoursesandiscurrentlystudyingforaPhDinPhilosophy.MasudIsaCurrentlyadoctoralresearcherinRMITUniversityinMelbourne,MasudworkedwiththeNobelLaureateProfessorMuhammadYunus,founderofGrameenBankinBangladesh.HewastheheadofGrameenBank’sMonitoring,EvaluationandPlanningDepartment,andwasoneofthekeymembersoftheseniorexecutiveteam.HealsoworkedasamicrofinanceconsultantfortheDepartmentofForeignAffairsandTrade,UnitedNationsHighCommissionerforRefugeesandGrameenTrust.WhilstpartoftheGrameenBankteaminBangladesh,MasudwasontheBoardofseveralGrameenGroupcompaniesintheareasoftelecommunication,textile,agriculture,fisheries,education,healthcareandassetmanagement.HeledseveralGrameencompaniesastheManagingDirectorandCEO,includeingGrameenKalyan,GrameenTelecom,GrameenKnitwearLimitedandGrameenUddog.InAustralia,MasudIsaworkedforTheBusinessforMillenniumDevelopment(B4MD),aMelbournebasedindependentnot-for-profitorganisation,asDirectorofProjectspriortohiscommencingthePhDresearchworksin2013.HealsoworkedasSeniorPrivateSectorDevelopmentSpecialistinTheFoundationforDevelopmentCooperation;aBrisbanebasedinternationaldevelopmentorganizationbeforejoiningB4MDin2009.

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PaulMurnaneAcompanydirectorandcorporateadvisorwith35yearsexperienceinfinancialservices,consultingandgeneralmanagementinAustraliaandabroad.MostrecentlyhewasSeniorAdvisorofO’SullivanPartners,anAustraliancorporateadvisoryfirm.PriortothishewasanExecutiveDirectorofGoldmanSachsJBWere;andMDofRussellReynoldsAssociates(aleadingglobalexecutivesearchfirmwhereheprovidedstrategicadviceforChairmanandCEOs),followingdirectorshipsofseveralinvestmentbanksinAustraliaandabroad.HeholdseconomicsandbusinessadministrationdegreesfromtheUniversitiesofSydneyandNewSouthWales.Paul’spastandpresentservicestocommunityinclude:directorofMultipleSclerosisACT/NSW/VIC,MSResearchAustraliaandTheSydneyInstituteIanWatsonIangrewupinBirminghamandmovedtoAustralia,whereheheldseniorpositionsinequipmentleasingandstructuredfinance.HewasthefounderandCEOofPortfolioLeasing,aFordsubsidiary,andRentworks,aleadingplayerinoperatingleasing.In1996heestablishedUnisonFinanceGroupthathasevolvedintoaprivateinvestmentbusiness.Ian’sprimaryinterestinthenot-for-profitsectorismentoringentrepreneurshipandsocialbusinesses.IanretiredfromtheGrameenAustraliaBoardposttheFY2015/16yearend.

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OurCommitmentGrameenAustraliaisamemberoftheAustralianCouncilforInternationalDevelopment(ACFID),thepeakCouncilforAustraliannot-for-profitaidanddevelopmentorganisationsworkingtoattainaworldwheregrossinequalityandextremepovertyareeradicated.

GrameenAustraliaisalsoasignatorytotheACFIDCodeofConductandiscommittedtoensuringfulladherencetoitsrequirements.TheCodeisavoluntary,self-regulatorysectorcodeofgoodpracticethataimstoimproveinternationaldevelopmentoutcomesandincreasestakeholdertrustbyenhancingthetransparencyandaccountabilityofsignatoryorganisations.TheCodeaimstooutlinestandardsrequiredforprogrameffectiveness,fundraisinggovernanceandfinancialreporting.CommentsorcomplaintsregardingtheactivitiesofGrameenAustraliacanbelodgedeitherwithGrameenAustraliadirectlyortotheACFIDCodeofConductCommitteeGrameenAustraliaContact:Email:mail@grameen.org.auMail:POBox256 NorthSydneyNSW2059ACFIDCodeofConductCommitteeContact:Email:complaints@acfid.asn.auWebsite:http://www.acfid.asn.au/code-of-conduct/complaintsMail:CodeofConductManagementTeam PrivateBag3 DeakinACT2600

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2016GrameenFoundation(Australia)LtdAuditedFinancials

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2016GrameenFoundationOverseasAidFundAuditedFinancials

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