2016/2017 ANNUAL REPORT BUILDING A SUSTAINABLE PLATFORM "HEI MANAAKI I TE MANA WĀHINE MĀORI” "HEI MANAAKI I TE MANA WĀHINE MĀORI” FOREWORD In 1987 Te Ropu Wahine Maori Toko i te Ora, the Maori Women’s Welfare League (MWWL) established the Māori Women’s Development Fund, which in 1997 became the Māori Women’s Development Incorporated (MWDI), created to assist Māori women into business. The Trustees of the MWDI, are Presidents of the MWWL both past and present. With the need to purchase property, the Trustees in 1997 established an independent entity while maintaining a constitutional requirement to report on an annual report to the MWWL National Council Annual General Meeting. MWDI is a development and lending corporation for Māori in Aotearoa. MWDI received confirmation of its charitable status on the 5th of July 2013. "HEI MANAAKI I TE MANA WĀHINE MĀORI” MISSION Māori Women’s Development Incorporated encourages the economic development of Māori women and their whānau to ensure that Māori contribute equitably to this nation’s cultural, economic, social and political achievements. VALUES Mana – Empower Wāhine Māori Manaaki – Foster and support Wāhine Māori Whanaketanga – Enhance and improve the economic position of Wāhine Māori in order to contribute to the economic development of whānau and our nation Wairuatanga – Embracing our spirit CONTENTS Chairperson’s Report 1-2 CEO Report 3-4 Project Summary 5-16 Project Statistics at a Glance 17-22 MWDI Next Steps 23 Financials 24-43 Our Governance 44 MWDI Staff 47 MWDI ANNUAL REPORT 2016/2017 REPORT OF THE CHAIRPERSON Tēna tātou katoa, The key focus this year has been to make ourselves more available E ngā mana, e ngā reo, e to women and their whānau, and ngā karangarangamaha, to work more closely with Te Ropu tēna koutou, tēna koutou, Wahine Maori Toko i te Ora. tēna rā tātou katoa. The MWDI Board of Trustees E whakamana ana i tō (The Trustees) have conducted a tātou Arikinui Kingi strategic review and our direction going forward will be focused on: Tuheitia me te Makau Ariki Te Atawhai, te Kahui Ariki, • Rangahau (Market me Tainui waka, e noho rā Intelligence): To gather, i te riu o Waikato, tēna rā analyse and utilise data about koutou katoa. Māori women in business so that MWDI is able to: E mihi atu ki a rātou kua wehe atu ki te Ao Wairua, o Understand and be more ki tua o te Ārai, e tangi responsive to the needs of hotuhotu ana te manawa, this market hoki wairua atu koutou ki o Inform its strategies, policies te Atua Whakataa mai i te and practice rangimarie o Target its limited resource Ngā mihi nui ki a koe e te for maximum effect Perehitini e Prue Kapua, o Position MWDI as the expert me ngā kaitakawaenga o in this market ngā Rohe katoa me ngā waahine katoa o Te Ropu • Kaiārahi (Coaching/ Wahine Maori Toko i te Mentoring): To provide Ora. guidance, coaching and mentoring programmes for Ka mihi hoki ki te rohe ō Māori women and their whānau Aotea tēna tātou katoa. to empower, enable and assist them towards economic and Heoi anō, ānei tā mātou financial independence. ripōata mō te tau 2016/17 • Whakawhanaketanga Kā nui te mihi o te wā, nō (Business Education): To reira huri noa, tēna koutou, develop innovative and tēna koutou, tēna rā tātou effective business education katoa, tātou, tātou. programmes that support Māori women to succeed in business. • Te Anga Whakamua (Innovation and Growth): To innovatively develop and grow the entity as an independent and vibrant organisation 1 Trustees continue to play a primary Nō reira, ka whakamihi tātou ki Ngā Kaitiaki o Māori role in reviewing loan applications, ngā tangata katoa e tautoko ana, Women’s Development participating on a rotational basis e awhi ana i enei kaupapa i Incorporated, Aroha in the Assessment Sub-Committee tenei tau. Reriti-Crofts, Areta Koopu, (the Committee). The Committee • Hon Te Ururoa Flavell, Te Druis Barrett, Dame June met six times throughout the year Minita Whakawhanake Māori Mariu, Kitty Bennett me making recommendations to be Prue Kapua. presented at the following Trustees • Michelle Hippolite, Te Hui. It is worth noting that a few Kaiwhakahaere me ngā Tēna rawa atu koutou. clients while going through our Kaimahi o Te Puni Kōkiri Ko te kōrero tino mīharo loans process have managed to ki a Teresa Tepania- secure funding when going back to • Ko nga roopu katoa i tautoko Ashton tā mātou Chief their banks, however we also have i a Te Wero Pakihi, otira me Executive Officer, me ōna clients unable to complete their nga kamupene e whai ake nei kaimahi katoa a mō wā loan requirements post approval. • Ko te Kaiwhakahaere o rātou mahi rangatira i te The Trustees have also continued Maibiz, Ko Mark Douglas, tau nei. to attend programmes throughout nō Vision Training, me ōna the year, enabling another level kaitautoko katoa Nō reira, ngā mihi ra mo of mentoring for our prospective ngā rā kei mua I te aroaro, • The Ministry of and existing clients, including our tēna koutou, tēna koutou, Business, Innovation and rangatahi programmes. tēna tātou katoa. Employment (MBIE) We are proud of the new Noho ora mai programmes that have been • The Auckland Tourism, developed and delivered Events and Economic Kataraina O’Brien throughout the year, namely: Development (ATEED) MWDI Chairperson HineBoss, Hinepreneur, He Papa • Poutama Trust Pūtea, He Rautaki Marae and He Papa Pūtea Pakihi, In addition, a • Rainey Collins new bi-lingual resource is now • Bank of New Zealand available under He Papa Pūtea, which has been used to deliver • Massey University and programmes to whānau, marae, Westpac Massey Fin-Ed and businesses throughout Centre the motu. • Auckland University MWDI were lucky enough to Business School be offered an office space with Auckland Tourism, Events and • Air New Zealand Economic Development (ATEED), and the Trustees and staff were welcomed to their Auckland Head Office in April this year. Staff will be trialling the need to have a base in Tamaki Makaurau. 2 MWDI ANNUAL REPORT 2016/2017 REPORT OF THE CHIEF EXECUTIVE OFFICER E ngā tōpito ō te motu nei, he mihi maioha, he mihi mahana ki a tātou whānui katoa, tēna koutou tēna koutou tēna tātou katoa. This year has been focused on embedding our programmes, and fulfilling the needs and demands of wāhine Māori and their whānau in business. It would be fair to say that our systems I ōrea te tuatara, and processes were tested at times, as can ka patu ki waho be expected with growth in activity, however, Solving problems through teamwork, growth, and development, come through we achieved. continuing to As an outcome, we now have a suite of find new programmes available, which we will utilise solutions as we continue to collaborate to bring about transformational change in attitude and behaviour towards money management and building great businesses. 13 LOAN FUND Fund 1 We are continuing to receive repayments from loans in Fund 1. In the forthcoming financial year our Board of Trustees are developing a policy to assess the recoverability of loans, on a line by line basis. The following graph shows the declining balance of loans in Fund 1 over the years: $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 Fund 2 Fund 2 continues to grow as we grant loans throughout the years. The following graph shows FINANCIALS the dollar value of loans per year: We managed to report a $600,000 surplus of $162,143 this year. $500,000 Revelations in Accounting $400,000 practices in particular on ‘Investments’ has brought $300,000 our unrealised gain on $200,000 our Managed Fund into $100,000 the Statement of Financial $0 Performance. The unrealised 2014-2015 2015-2016 2016-2017 gain on revaluation of Investments is $416,194. As Fund 2 grows the repayments back into MWDI also In prior years we have grow, ensuring that we are to become sustainable in recognised the change in years to come. the current value of our Repayments Managed Fund in Equity. The following graph illustrates repayment of loans over the last three years. ANTI-MONEY LAUNDERING ACT, 2009 $400,000 A bi-annual audit of our Anti- $350,000 Money Laundering procedures $300,000 was completed in April 2017. $250,000 The audit was successfully $200,000 completed and the next audit $150,000 is scheduled in April 2019. $100,000 $50,000 $0 2014-2015 2015-2016 2016-2017 4 MWDI ANNUAL REPORT 2016/2017 PROJECT SUMMARY MENTORING PROGRAMMES It has been an extraordinary year of increased national exposure as well as a targeted period of focus on building deeper relationships with our clients, wāhine entrepreneurs and stronger partnerships including Maori Women’s Welfare League and other key stakeholders such as the Akina Foundation, Callaghan Innovation, Poutama Trust and various iwi, marae, educational institutions and communities from Bluff through to Kaitaia. From December through to people via our live stream and June 30th MWDI has delivered social media platform. Including our HineBoss programme to 10 385 members and whanau regions and reached over 130 participating in Maori Women’s wāhine Māori. There is significant Welfare League led, financial demand from communities and capability programmes. new regions (Taranaki, Southland, Our rangatahi programmes Ngāti Kahungunu and Waikato continue to grow from strength Tainui). to strength giving MWDI an Financial Capability workshops opportunity to celebrate our future have also been a significant entrepreneurs. output this year with delivery We are particularly proud to of our He Papa Pūtea and He have supported Te Ropu Wahine Rautaki Marae programmes to Maori Toko i te Ora with both the 25 marae nationally where we financial literacy and HineBoss have extended our reach of face programmes delivered in the to face contact in excess of 500 regions and look forward to new individuals and over 6,000 ongoing collaboration.