ANNUAL REPORT 2013-2014 Breaking the Cycle GRAMEEN FOUNDATION OVERVIEW

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.

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 2013–2014 ANNUAL REPORT

Letter from the President and Chairman of the Board 3

Our Story 4

Financial Highlights 12

Board of Directors 15

Staff 16

Bankers without Borders® Volunteers 17

Take Action 18

WWW.GRAMEENFOUNDATION.ORG 1 2 WWW.GRAMEENFOUNDATION.ORG LETTER FROM THE PRESIDENT AND CHAIRMAN OF THE BOARD

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

WWW.GRAMEENFOUNDATION.ORG 3 FINANCIAL SERVICES

PICKING UP THE PIECES AFTER A STORM After 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 CARD Bank clients register for savings accounts in the Philippines catastrophes in the future. following the typhoon. Photo courtesy CARD Bank.

Globally, 2.5 billion people lack access to formal savings an integral part of the services these organi- financial services like bank accounts, either because zations provided—a critical first step in giving the poor the services are unavailable or because they are not more financial security. The project yielded important designed to meet their needs. This makes it difficult insights that guide our ongoing efforts to help financial for them to access credit, send money back home to institutions serving the poor to research and identify distant relatives, build a financially secure future, or the needs of their clients and create a broad range of even save for emergencies. services tailored to those needs. We have also shared our findings broadly through publications and events Grameen Foundation is helping to lead new efforts, to help other organizations develop financial products through research and user testing, to design financial that better serve the needs of the poor. products and services that the world’s poor actually want and can use. Village Savings and Loan Associations provide a safe place for many Ugandans to save money. Members We ended our successful Microsavings Initiative can also request loans from the pooled funds. in October 2013, after helping three organizations Grameen Foundation worked with five associations create more than 922,000 savings accounts: Amhara to develop Ledger Link, a new smartphone app that Credit and Saving Institution (Ethiopia), CASHPOR enables these self-managed groups to digitize the Micro Credit (India) and CARD Bank (Philippines). financial records from their members’ transactions The four-year initiative, which was funded by the Bill rather than maintain them solely in a paper ledger & Melinda Gates Foundation, was designed to make book. This will enable the groups to have backup

4 WWW.GRAMEENFOUNDATION.ORG Grameen Foundation is using mobile technology to help savings groups in Uganda better manage their funds. copies of transactions and to build a credit history over McCaw through the Craig and Susan McCaw Technol- time. The added transparency also helps members ogy for Development Challenge. detect discrepancies between transactions recorded in Ledger Link and those in their ledger books. This We continue to invest in social enterprises through our project, which is funded by Barclays Bank, will be Pioneer Fund, which focuses on early-stage, innova- rolled out to more than 1,000 associations nationwide tive organizations that work in rural or hard-to-reach over the next two years. areas. Our current seven investees collectively serve or work with almost 54,000 people in four countries. Building on our work in Uganda, we launched two Since its inception, the Pioneer Fund has reached new initiatives in India and Kenya to create financial almost 278,000 people through investing $7.4 million services that will be provided via mobile phones. More in 14 organizations and two funds that support social poor families now have access to mobile phones, entrepreneurs. To ensure that our investments are thanks to falling prices, making these devices an ideal sound, we screen organizations using MOTIV, a score- channel for providing financial services. They are card we developed to confirm that the organizations’ especially useful for people living in far-flung areas. goals are aligned with our social mission. (We have Our work in India is supported by the Citi Foundation, also shared MOTIV with other social investors to help while our work in Kenya is supported by MasterCard set standards for the industry.) Worldwide and philanthropists Craig and Susan

During the fiscal year Grameen Foundation ending March 31, 2014: issued $1.9 million in loan guarantees

Grameen Generating Foundation helped Grameen $3.9 million create Foundation in financing 640,000 invested new savings more than to support accounts 28,609 $600,000 microloans in three in India and in seven social enterprises countries through the Philippines through the Pioneer Fund Growth Guarantees

WWW.GRAMEENFOUNDATION.ORG 5 MOBILE AGRICULTURE

BREAKING THE CYCLE OF FEAST AND FAMINE IN KENYA Lucy 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 Lucy Kirito uses a mobile phone to collect information from farmers in from USAID, The Rockefeller Foundation, her district. and the Open Road Alliance.

In many ways, poor farmers face more life-altering We are also using our network to help other organi- decisions daily than the average Fortune 500 CEO— zations reach communities in need. We are working with just a fraction of the resources. Pests, diseases, with FHI360, an international development nonprofit, and increasingly erratic weather patterns can threaten to improve the nutrition and livelihoods of vulnerable an entire community’s food supply and income. With communities in northern and southwestern Uganda your help, Grameen Foundation is starting to close this through the USAID/Uganda Community Connector resource gap through tailored mobile phone solutions project. Our CKWs are providing training in 10 focus and networks of local, trusted community members areas, including agriculture, hygiene, and livelihoods. selected by their peers. In Latin America, our Líderes Productores (regional Our network of 1,139 Community Knowledge Workers name for Community Knowledge Workers) are helping (CKWs) today reaches more than 289,000 farmers in to build the capacity of farmer cooperatives. We are almost 22,000 villages across Uganda (almost 40 per- collaborating with the Cooperative of Coffee Growers cent of the country). In 2013, we launched a campaign of Salgar in Colombia to connect its members to mar- to help ensure long-term adoption of agricultural best kets through the Cafeteros Conectados initiative. This practices through peer farmer networks. Each CKW initiative, which is supported by Starbucks, enables trains 10 lead farmers, who in turn serve another 10 farmers to connect directly to Starbucks’ supply chain, farmers. This enables the CKW network to reach more to financial institutions, and to distributors and whole- farmers in remote areas and allows the CKWs to have sale buyers. It also helps farmers attain sustainability deeper, more frequent interactions with them. and earn environmental certification from Starbucks’ C.A.F.É. Practices.

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

We are also helping to strengthen both food security and Agriculture Organization of the United Nations and connections between farmers’ associations and (FAO). In southern Colombia, Alsur, a horticultural buyers through our TaroWorks™ data management cooperative that connects farmers to buyers at large tool. Technicians from the provincial government of local grocery chains, is using it to digitize its manage- Antioquia, Colombia, are using the tool to track food ment system so that it can fulfill orders more effectively supply and production in poor communities as part and process payments to farmers more quickly. of the MANA project, which is supported by the Food

During the fiscal year ending March 31, 2014:

Grameen Foundation’s network of Grameen Foundation provided Community almost Knowledge agricultural services to more than Workers 40% reached 307,000 farmers in Colombia and Uganda of the villages across Uganda

WWW.GRAMEENFOUNDATION.ORG 7 MOBILE HEALTH

HOPE IS REBORN IN GHANA After 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 Mobile Midwife messages made Yvonne’s second pregnancy happy now to have a baby sitting on my lap.” smoother.

Maternal and infant mortality rates and the incidence service provides important information on pregnancy of preventable diseases, globally, have fallen signi- and infant care to pregnant women and mothers of ficantly over the last two decades. Even with this infants. Health facilities use the Client Data service to encouraging news, maternal and newborn deaths track client care and manage their caseloads. Mobile remain alarmingly high (2.9 million children and Midwife, which is supported by Saving Lives at Birth: 289,000 pregnant women died in 2012 and 2013, A Grand Challenge for Development1, is now available respectively), and preventable disease can easily in seven districts and in five local languages. Overall, push a poor family even deeper into poverty. more than 36,000 people, including community members interested in learning more about the Grameen Foundation is helping to improve healthcare service, have registered for Mobile Midwife since it delivery and health outcomes through our Mobile began in 2010, and 136 health facilities now use the Technology for Community Health (MOTECH) Client Data service to track patient care. technology platform. It was first developed with the Ghana Health Service and is now used around the Building on the success of MOTECH in Ghana, we world to help advance the fight against major life- are developing a suite of mobile apps to support threatening diseases, such as HIV/AIDS, malaria, and healthcare delivery, professional development, and tuberculosis. supervision for community health nurses working in rural communities. The CHN on the Go suite In Ghana, we are working with the Ghana Health is currently being field tested with 240 nurses in Service to improve maternal and infant care by five districts in Ghana. It is supported by Concern expanding families’ and health care staffs’ access to Worldwide’s Innovations in Maternal, Neonatal and information using mobile phones. The Mobile Midwife Child Health project.

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).

8 WWW.GRAMEENFOUNDATION.ORG 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.

Outside of Ghana, organizations in seven countries Foundation that is designed to improve maternal and are using MOTECH. For example, CARE, BBC Media child health, nutrition and the diagnosis and treatment Action, and World Health Partners are using it to of infectious diseases. Collectively, they are training improve the effectiveness of healthcare workers and more than 95,000 health care workers and provide to educate patients in Bihar, India. Their work is part information on maternal and infant health, HIV/AIDS of the Ananya Project, a partnership between the state and tuberculosis to more than 3 million patients. government of Bihar and the Bill & Melinda Gates

During the fiscal year ending March 31, 2014:

14,962 17 pregnant women organizations and mothers of used the infants registered 136 health facilities MOTECH for Mobile Midwife used Client Data to platform updates track patient care

WWW.GRAMEENFOUNDATION.ORG 9 POVERTY TOOLS

MEASURING THE END OF POVERTY Friendship 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.

No single organization can fight global poverty alone. Launched in early 2013, our TaroWorks™ data Grameen Foundation is committed to creating tools management tool has been used by 37 organizations to help other organizations strengthen their programs, to track and manage activities across their operations, measure their impact on poverty, and create especially in remote areas. The tool increases lasting change. the reach and effectiveness of organizations by enabling two-way flows of information between the More than 200 organizations and businesses that headquarters and field-based agents via mobile serve or work with the poor are using our Progress phones. TaroWorks has already been adopted by out of the Poverty Index (PPI) to measure and organizations working in multiple development track their clients’ poverty levels. This data helps sectors, including financial inclusion, microenterprise, organizations that serve the poor improve the agriculture, environmental, sanitation, clean energy, quality of their programs. Insights from PPI data and clean water. Learn more at www.taroworks.org. also help businesses that source raw materials or hire workers from poor communities improve their Through our Bankers without Borders® volunteer practices. Equally important, the data increases initiative, we are connecting social enterprises to transparency and accountability to clients, skilled professionals from various disciplines to help donors, and other stakeholders. Learn more at them improve their operations. Since its inception in www.progressoutofpoverty.org. 2008, the initiative has deployed 1,299 volunteers to support 959 projects for 150 organizations—a value

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

of more than $9.5 million. This year, we launched our online volunteer management system, which helps Bankers without Borders Fellowship Program, which, organizations to recruit volunteers, manage projects for the first time, places volunteers in the field for a and evaluate their volunteers’ impact. Learn more at year. We also began providing Skillanthropy™, our www.bankerswithoutborders.com.

During the fiscal year ending March 31, 2014:

to measure clients’ poverty 205 organizations levels reported using PPI

37 organizations to reach more used TaroWorks than 2 million beneficiaries Grameen Foundation provided

$3.8 million in free consulting services to 69 organizations using 274 skilled volunteers

WWW.GRAMEENFOUNDATION.ORG 11 LETTER FROM THE CFO AND TREASURER

During the twelve months that ended March 31, 2014 also decreased slightly to $20.1 million as we handed (“FY14”), Grameen Foundation USA continued to off some aspects of our microsavings work to our focus on developing innovative solutions for the poor implementing partners in the field. Through our joint and increased our efforts to work through partners to ventures and investing activities, we provided another bring successful solutions to scale. $14.6 million in support and financing to microfinance institutions and social enterprises around the globe. Total revenue increased 9% to $23 million from the previous fiscal year. This was driven primarily by Grameen Foundation USA ended the year on solid increased donor funding for our mobile agriculture and financial footing with total cash and investments of mobile health work. Spending on program activities $8.4 million and total net assets of $14.7 million.

Si White, Joshua Tripp, Treasurer Chief Financial Officer

HOW YOUR DOLLARS ARE SPENT 81% 18% 1% FY14 Programs M&G Fundraising

PROGRAM EXPENDITURE 44% 28% 16% 8% 4% Information Access Financial Services Poverty Tools Regional Public Services Education

TYPE OF FUNDING 66% 15% 8% 7% 4% Contributions and grants Program Government In-kind Investment revenues grants income

SOURCES OF CONTRIBUTION 49% 17% 15% 10% 9% Foundation Household Corporation Other Government/ Nonprofit Multilateral

12 WWW.GRAMEENFOUNDATION.ORG STATEMENT OF FINANCIAL POSITION AS OF MARCH 31, 2014

ASSETS SUPPORT AND REVENUE CURRENT ASSETS Contributions and grants 15,261,909 Cash and cash equivalents 5,254,610 Program revenues 3,381,225 Investments 3,141,116 Interest and investment income 934,803 Loans receivable, net of allowance 891,386 Loan interest 437,644 Grants and contributions receivable 2,363,136 In-kind contributions 1,589,504 Other receivables and advances 956,068 TOTAL SUPPORT AND REVENUE $23,043,841 Prepaid expenses 280,165 TOTAL CURRENT ASSETS $12,886,481 EXPENSES PROGRAM SERVICES PROPERTY AND EQUIPMENT Regional Services 1,563,397 Net property and equipment 134,931 Financial Services 5,651,425 Information Access 8,894,687 OTHER ASSETS Poverty Tools 3,284,807 Loans receivable, net of current portion 536,240 Public Education 719,404 and allowance TOTAL PROGRAM SERVICES $20,113,720 Loans to program related investments 3,477,182 Deposits 187,948 SUPPORTING SERVICES Total other assets $4,201,370 Management and General 4,194,946 TOTAL ASSETS $17,222,782 Fundraising 236,549 Total supporting services $4,431,495 LIABILITIES AND NET ASSETS TOTAL EXPENSES $24,545,215 CURRENT LIABILITIES Changes in net assets before other items (1,501,374) Deferred Revenue 246,771 Notes payable, current portion 50,196 OTHER ITEMS Accounts payable and accrued expenses 1,455,889 Foreign exchange rate loss 372,261 Allowances for uncollectible loans Total current liabilities $1,725,856 (8,798) receivable and foreign exchange risk Changes in net assets (1,864,837) NONCURRENT LIABILITIES Net assets at beginning of year 16,549,704 Notes payable, net of current portion 75,659 NET ASSETS AT END OF YEAR $14,684,867 Deferred rent liability 709,400 Total liabilities $2,537,915

The accounting firm of Gelman, Rosenberg & Freedman NET ASSETS has audited the financial records and statements of Grameen Foundation USA for the year ending March 31, Unrestricted 9,545,078 2014 and has issued an unqualified opinion. As always, Total net assets $14,684,867 complete audited financial statements and our IRS 990 form are available at www.grameenfoundation.org/about/ TOTAL LIABILITIES AND NET ASSETS $17,222,782 financial-information.

WWW.GRAMEENFOUNDATION.ORG 13 WE COLLECTIVELY TOUCHED THE LIVES OF MORE THAN 6 MILLION PEOPLE BOARD OF DIRECTORS

Robert Eichfeld, Chair Carlos Fonseca Robert Ottenhoff Ricki Tigert Helfer Peter Cowhey, Vice Chair Vikram Gandhi Rosanna Ramos-Velita Bahram Vakil Beverly Armstrong Jim Greenberg Elisabeth Rhyne Si White Peter Bladin Paul Hilal David Russell Alex Counts Paul Maritz Pradeep Singh

BOARD COMMITTEES AND ADVISORY COUNCILS

EXECUTIVE COMMITTEE GOVERNANCE AMERICAS REGIONAL POVERTY TOOLS Robert Eichfeld, Chair COMMITTEE COMMITTEE AND INSIGHTS Peter Cowhey, Vice-Chair Jennifer Drogula, Chair Rosanna Ramos-Velita, SUBCOMMITTEE Alex Counts, Beverly Armstrong, Chair Peter Cowhey, Chair President/CEO Member Bob Eichfeld, Member Carlos Fonseca, Member Si White, Treasurer Elizabeth Rhyne, Member Carlos Fonseca, Member Barbara Kibbe, Member Robert Ottenhoff, Julia Soyars, Staff Liaison Jorge Higinio Maldonado, Jody Rausch, Member Secretary Member Larry Reed, Member Rosanna Ramos-Velita, INVESTMENT David Mhyre, Member David Russell, Member Member COMMITTEE Chuck Olson, Member Steve Wright, Staff Liaison Robert Eichfeld, Co-chair David Russell, Member FINANCE COMMITTEE Si White, Co-chair Brewster Waddell, Member FINANCIAL SERVICES Si White, Chair Susan Davis, Member Alberto Solano, SUBCOMMITTEE Beverly Armstrong, Jim Greenberg, Member Staff Liaison Chris Dunford, Member Member Ricki Tigert Helfer, Member Bill Fisse, Member Robert Eichfeld, Member Rosanna Ramos-Velita, ASIA REGIONAL Carlos Fonseca, Member Richard Lautch, Member Member COMMITTEE Dick Gunther, Member Rosanna Ramos-Velita, Wayne Silby, Member Vikram Gandhi, Chair Ricki Helfer, Member Member Eleanor Wagner, Member Robert Eichfeld, Vice Chair Olaf Kula, Member Craig Sarsony, Member Matthew Speh, Jim Greenberg, Member David Russell, Member Joshua Tripp, Staff Liaison Staff Liaison Jennifer Meehan, Member Janet Thompson, Member Wayne Silby, Member Bahram Vakil, Member AUDIT COMMITTEE AFRICA REGIONAL Pradeep Singh, Member Camilla Nestor, Robert Ottenhoff, Chair COMMITTEE Christopher “Happy” Tan, Staff Liaison Peter Cowhey, Member Paul Maritz, Chair Staff Liaison Eric Miller, Member Willene A. Johnson, Vice INFORMATION Beth Wolfe, Member Chair PROGRAM COMMITTEE SERVICES Joshua Tripp, Staff Liaison Dr. Wolday Amha, Member Peter Bladin, Chair SUBCOMMITTEE Beverly Armstrong, Ann Mei Chang, Member Pradeep Singh, Member DEVELOPMENT Member Peter Cowhey, Member Kentaro Toyama, Member COMMITTEE Jennifer Drogula, Member Robert Eichfeld, Member Hillary Miller-Wise, Ricki Tigert Helfer, Chair Fred Ogana, Member Carlos Fonseca, Member Staff Liaison Anne Guerrant, Member Geraldine O’Keeffe, Dean Karlan, Member Paul Hilal, Member Member Paul Maritz, Member Hans Levin, Member Beth Rhyne, Member Nelson Mattos, Member Steve Rockefeller, Jr., Steve Wardle, Staff Liaison Rob Mechaley, Member Member Anand Narasimhan, Dave Stephens Member Sandra Winters, David Russell, Member Staff Liaison Pradeep Singh, Member Kentaro Toyama, Member Srikant Vasan, Member David Edelstein, Staff Liaison

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

15 WWW.GRAMEENFOUNDATION.ORG EXECUTIVE STAFF

Alex Counts Camilla Nestor Christopher “Happy” Tan Steve Wardle President and CEO Senior Vice President Regional CEO Vice President Global Solutions Asia Strategic Partnerships and Joshua Tripp Business Strategy Chief Financial and Chief Hillary Miller-Wise Steve Anderson Operating Officer Regional CEO Vice President Sandra Winters Africa Chief Technology Officer Vice President David Edelstein External Affairs Senior Vice President Alberto Solano Shannon Maynard Solutions and Regions Regional CEO Vice President Julia Soyars Americas Chief Talent and Legal General Counsel Knowledge Officer and Assistant Corporate Secretary S TA F F

Naana Abakah Tonny Bukeera Peter Kahuki Sarah Mugisha Karen Romano Betty Abalo Harima Buliibwa Winfred Kalifa Brigitta Mugo Ronald Rukwago Nighty Aber Caitlin Burton Jackline Kansiime Steven Mugo Melanie Schelble Sandhya Acharya Moses Bwambale Ruth Kansiime David Mugume Hosea Sempa Lidya Acola Fiona Byarugaba Berenice Kasaya Joel Muhumuza Winifred Siaw-Sappore John Acquah Ramiro Cadavid Greta Kauffman Julius Mujuni Stephanie Simpson Chester Adams Arcelia Cardenas Annette Kawooya- Eve Mungai Alberto Solano Billey Adamu Elaine Chang Bogere Njambi Mungai Julia Soyars Edward Adimazoya Christina Chao Ismail Kayemba Caroline Munguti Rashid Ssekitooleko Rebbeca Adongo Ka Chau Anuda Kedia Jessica Murcia Noah Ssempijja Gilbert Agaba Eliana Chavarria Adrine Kembabazi Jibril Musah Charles Ssemwogerere Miguel Agudelo Erin Connor Evelyne Kembabazi Happuch Musinguzi Paul Ssengooba Antoinette Akanlise Sergio Correa Lisa Kienzle Jude Musoke Charles Ssewungu Alice Akello Alexander Counts Sylvia Kimuli Renita Nabisubi Eria Sunday Benjamin Akenteng Darwin Cruz Herbert Kinene Sylvia Nakabugo Venkitaraman Suresh Samantha Akins Owen Davies Bruce Kisitu Bridget Nakajubi Benson Taiwo Harriet Alubi Ian Davis Mary Jo Kochendorfer Sara Nantagya Christopher Viola Alumo Debra Dean Sarah Komuhangi Winnie Natuhwera “Happy” Tan Juan Alvarez Katherine Devine Andreas Koutsoudis Frederick Ndiwalana Gideon Taremwa John Amoah Akuba Dolphyne Caroline Kudwoli Camilla Nestor Laura Tarre Lydia Amuge Kwasi Donkor Williams Kwarah Rita Naadei Nikoi Sara Telzer Bernice Anang David Edelstein Luke Kyohere Stephen Nsubuga Shuiab Tetteh Stephen Andersen Sheba Etapu Adamu Labaran Arnold Nuwagaba Micheal Tettey Afua Ankomah Erin Florence Robert LaRubbio Richard Nuwagaba Koshal Thirumalai Cynthia Antwi Kenneth Fox Gordon Lau Dorothy Ogolla John Tippett Ronald Apaliboka Armine Francisco Lauren Lavoie Willy Okello Francis Tito Harriet Apila Sarah Gabeya Jenefer Lhughabwe Simon Okot Napoleon Tobias Joyce Apio Victor Gamado Thomas Light Bernard Okuma Joshua Tripp Isaac Arinaitwe Whitney Gantt Maria Lobon Harriet Ongura Elizebeth Tucker Joseph Asuako Julian Gomez Cris Lomboy Arnold Onzima Emily Tucker Vicky Atim Kari Hammett-Caster Lindsey Longendyke Kwame Opare Deus Turyahairwe Crispus Atuheire Samantha Haviser Peter Lugemwa Christine Opio Privia Turyatunga Lenah Atukwasa Michaela Hayes John Luyima Robson Opio Loyce Tusiime Gillian Avako Michelle Henderson Robyn MacIntire Juan Orozco Martin Ume Gloria Ayoo Nicole Herman Henry Maloba Evaline Oryem Brian Wachira Francis Ballard Juan Hernandez Julius Matovu Sam Otim Charles Wamala James Baluku Maria Hernandez Shannon Maynard Erias Oyesigye Charles Wanume Wilson Bazibumbira Ana Ysabel Herrera Cecilia Mbawadde Rebecca Paguio Stephen Wardle Joseph Bbirikadde Liliana Herrera Joseph McNulty Astha Parmar Tiffany Wilson Wahab Biruma Frank Huster Rachel Meresman Suzan Peace Sandra Winters Prossy Birungi David Hutchful Hillary Miller-Wise Julie Peachey Alfred Yeboah Denis Bithum Kweku Idun Sam Milton Jackline Pido Liselle Yorke Seth Boateng Beverly Jackson Anitha Moorthy Sabrina Quaraishi Aaron Britton Christine Kabatooro Nicholas Mugabi Sharada Ramanathan Peter Brown Mayimuna Kabatooro Andrew Mugalu Christine Roberts As of July 31, 2014

WWW.GRAMEENFOUNDATION.ORG 16 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.

Maram Abu Ein Franziska Eggimann Anthony Karingi Maryam Mossavar Dhwani Shah Connor Adams Ronnie Eng Michelle Katics Alex Muisyo Rubin Shah Abby Addis Sahra English Sher Khan Angeley Mullins Miaomiao Shao Lidia Afonso Arlicia Etienne Brian Kiago James Muriithi Jessica Sheehan Soji Agbana Cecilia Fabrizio William Kirkman Kazeem Muritala James Shen Raschid Ahsanullah Frank Falzon Sherman Kong Alexander Murray John Sheridan Amir Ali Cecillia Fan Scott Krenitski Wanjiku Mwangi Howard Sherman Maysa Almani Andrea Fang Daniel Kreps Caroline Mwende Roxana Shirkhoda Gustavo Alvarado Megan Farmer Angela Krieger Florian Nagl Evan Shulman Semhar Amde Alonso Fernández Katherine Kuan Amol Naik Jim Shuma Meghan Anand Saulo Ferreira Nathan Kuchta Takuhiro Nakamura Raisa Siddique Emily Arean Paul Fiddick Janelle Kuhlman Daniel Navarro Sadya Siddiqui Florie Arlegui Carlos Fierro Emmanuel Kum Sekai Ndemanga Rachel Siegel Charles Armah Mazda Figaro Stephanie Labedz Emanuela Neagu Andrew Simmons Elena Arozarena Bradley Fisher Sami Lahoud Maya Nehru Gyula Simonyi Alanya Atatekin Julia Flaig Judith Lantigua Luisa Nenci Michael Smith Alex Badinici Eve Flood Gaysha Lawrence Michael Ngene Morgan Snow Anthony Balbona Tomas Flores Alysha Leach Justus Ngumba Alex Song Sourav Banerjee Trevor Foley Richard Ledley Lorenzo Nigro Elizabeth Song Aoileann Banks Noah Francis Freddy Lee Kacper Nowicki Barbara Soria Frank Barbuto Zhuojun Fu Karen Lee Daniels Ochieng Urs Steurer Natashe Barnard Paula Fynboh Meradith Leebrick Frank Odendall Pin Su Neal Barsch Natalia Garcia- Richard Levinson Luke Olbrich Justin Suh Stacy Beach Nigaglioni Lu Li Chris Olson Charlotte Sutton Emelina Berkshire Ilona Gaweda Felicia Liu Andrew Omariba Anja Swoboda Ana M. Bermudez Senan Geraghty Michelle Lobo Anna Orthofer Mohammed Syed Jonathan Berthet JP Gerard Lucy Lohrmann Mahaman Laouali Danielle Tackoor Francois Xavier Anirban Ghose Jason Loughnane Ousmane Shalinee Thakur Bertschy Costanza Giagnoni Wenxiao Lu Swati Patel Nikki Turner Ajay Bhandoola Dennis Gitonga Florence Lui Marc Pecquet Paula Vásquez Lindsey Brannon Shaun Goodwin Kyle Lukianuk Sarah Pemberton Kim Venkataraman Marie-Noelle Brisson Marcel Gordon Everton Luz Rome Perlman Jennifer Vignone Khrystine Buccat Roger Griffith Alexander Magamura Claire Perry Asya Vitanova Laura Burns Prashanth Gubbala Dusty Magill Derrick Pfeffer Jennifer Vlasiu Charles Butler Surabhi Gupta Binny Malik Morten Hellesøe Mara Vlatkovic Jason Candee Sultan Haider Lamia Mamoon Poulsen Jen Vossler Ram Chaitanya Andrew Hallman David Manigand Ishita Priyal Kyle Wagner Jenny Chang Annie Hamby Peter Marchant Satish Raja Grace Wandera Garen Checkley Tomas Hamudis Jesus Mariscal Bala Rajagopal Josephine Wangiri Irene Chung Rebecca Hardy Sosha Mathew Sharada Ramanathan Christine Warren Michael Cipresso Sarah Hassanen Arica Maurer Daniel Rankin Rafay Wasay Elyse Collat Annie Hodges Paulina Mazurek Tayyaba Razi David Washer Chiara Conti Jonathan Holloway Laurel McAndrews Alice Repetto Meri Wax Idriss Dahbi Sai Honig Franny McGill Alberto Rodríguez John Weiller Tamsin Davies Hailey Hu Lucy McKenna Katherine Rousseau Kimberly Weinrick Alice Davison Paul Huynh Paula McLarren- Robert Rout Jacqueline White Maria Teresa Prasad Iyer Johnson Neela Saldanha Chelsey Wickmark Del Rosario David James Lusine Mehrabyan Ronak Sampat Paige Wilkinson Anthony DeRubeis Tadia James Aarathi Menon Miguel Sánchez Lindsay Wishart Damien Dessis Kiran Jandu Jayakrishnan Govinda de Pedro Tomasz Wiszkowski Sarah Dickson Trevor Johnston Menon Siddhita Sankholkar Anna Yeung Grace Dolan Felipe Jordao Virginia Miller Darshini Santhanam Warda Zahid Khan Priscilla Dorresteijn Wangari Kabiru Ian Mlenga Michael Scharfstein Anna Zanghi Anique Dunn Himesh Kala Molly Moen Miriam Schneider Kun Zhang Kazeem Durodoye Francis Kamau Pablo Montesano Silvia Seceleanu Edgar Zurita Deidre Eason Njuki Kamundia Fulvia Morales Brian Shah

17 WWW.GRAMEENFOUNDATION.ORG TAKE ACTION

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:

SPREAD THE WORD Be 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 FOLLOW US ON Facebook.com/StopPovertyNow Twitter.com/GrameenFdn

SUBSCRIBE TO OUR CHANNEL ON FIND AND FOLLOW US ON YouTube.com/Grameen Google+ and LinkedIn

SUBSCRIBE TO OUR E-NEWSLETTER READ OUR BLOG AT at grameenfoundation.org to learn more grameenfoundation.org/blog about our work

GIVE TODAY GIVING AT WORK We have made great progress, but so much more Many companies generously support their employees’ remains to be done. To find out how you can join philanthropic causes. Visit www.grameenfoundation. the team in the fight against poverty, please visit org/matching to learn how you can designate Grameen grameenfoundation.org/give. Your gifts are fully Foundation in your workplace matching gifts program. tax-deductible to the extent allowed by law. GRAMEEN FOUNDATION VOLUNTEER LEGACY SOCIETY Join our Bankers without Borders® volunteer Make a planned gift by designating Grameen Foundation corps and use the skills you’ve gained in business as a beneficiary in your will, retirement plan, or life insur- (regardless of your background) on projects to help ance policy. You’ll help poor women and men build a the world’s poorest – either on location or from your future for their families while simultaneously reducing your desk. To find out about volunteering opportunities, estate and income taxes. For more information, please visit www.bankerswithoutborders.com. visit www.grameenfoundation.org/plannedgiving.

WWW.GRAMEENFOUNDATION.ORG 18 Grameen Foundation Headquarters Grameen Foundation Ghana Office Grameen Foundation Philippines Office 1101 15th Street NW, 3rd Floor OSDTD5041 Co.Lab Washington, DC 20005 No. 25 Labone Cresent, Labone Unit 301, #3 Brixton Street Accra, Ghana Kapitolyo, Pasig City 1603 Grameen Foundation Seattle Office The Philippines 2101 4th Avenue, Suite 1550 Grameen Foundation Kenya Office Seattle, WA 98121 Mezzanine Floor Grameen Foundation Uganda Office P.O. Box 21856-00505 2nd Floor Grameen Foundation Colombia Office Nairobi, Kenya Plot 54, Lugogo Bypass - Rotary Avenue Carrera 30 Calle 10C-228 Kampala, Uganda Edificio Interplaza, Oficina 917 Medellín, Colombia

RELATED ORGANIZATIONS

Grameen Foundation India Grameen Capital Grameen-Jameel (wholly-owned subsidiary) India Ltd. Microfinance Ltd. C 406, Nirvana Courtyard (joint venture) (joint venture) Nirvana Country No. 402, 36 Turner Road International Humanitarian City Sec 50 Bandra (West), Building # 4, Office 139, First Floor Gurgaon 122002 Mumbai - 400 050 Dubai Industrial City www.grameenfoundation.in www.grameencapital.in P.O. Box 506025 Dubai, U.A.E. www.grameen-jameel.com

www.grameenfoundation.org