connecting potential · ing with grameen foundation. cooperatives help farmers like eliseo sell...

Annual Report 2012-2013ConneCting PotentialConneCting PotentialConneCting Potential

2 www.grameenfoundation.org

Grameen Foundation helps the world’s poorest people

reach their full potential. We provide access to essential

financial services and information on agriculture and health,

assistance that addresses the specific needs of poor

households and communities. We also develop tools to

improve the effectiveness of poverty-focused organizations.

Grameen Foundation began 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 member emeritus.

Our high standards and efficiency have been recognized

by Charity Navigator, the Better Business Bureau’s

Wise Giving Alliance and Guidestar’s Exchange Seal.

Grameen Foundation overview

3www.grameenfoundation.org

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Letter from the President and Chairman of the Board

Our Story

Financials

Family of Supporters

Board of Directors

Staff

Bankers without Borders® Volunteers

Take Action

ConneCtinG the world’s

poor to their potential

Grameen Foundation 2012–2013 annual report


Some of the most resourceful and enterprising people we know live far away from Wall Street – and even Main Street. Their work goes largely unnoticed but the impact of their efforts can determine the future of countless families and communities.

We’ve met mothers, with babies strapped on to their backs, selling tortillas at the side of the road, farmers tending to tiny farms in remote villages and women selling airtime for mobile phones out of their shops. Their stories are powerful reminders that we all have an innate desire to improve our lives.

This past fiscal year (April 2012-March 2013) marked two key milestones for us: Grameen Foundation’s 15th anniversary and the 10th anniversary of our work in the Middle East and North Africa, through Grameen-Jameel Microfinance Limited.

Grameen Foundation was founded to enable the poor to lever-age their strengths. We believe that all of us – even the poorest among us – can reach our full potential if given access to the right tools. Building on our initial focus on microfinance and technology, we now work with a wide range of organizations to develop services and tools that meet the specific needs of the poor and the institutions that serve them.

For example, we are increasingly combining financing and mobile-based data management services to help social enter-prises (businesses that address social issues) expand their outreach and use data more effectively to improve their service. This is particularly beneficial to organizations working in rural areas, like Kenya-based Honey Care Africa, which works with smallholder farmers throughout rural areas of East Africa to produce and sell honey. We invested in the company through our Pioneer Fund to help it expand its wholesale and retail

distribution. It also uses TaroWorks™, our suite of mobile data tools, to monitor and track beehives and production targets.

Our collaborations across the international development and business sectors are also deepening our impact on poverty. Several organizations are using our Mobile Technology for Community Health (MOTECH) platform, which was originally developed with the Ghana Health Service, to advise clients on a range of health issues and to train healthcare workers via mobile phones. We have also co-sponsored the Fairtrade Access Fund with Fairtrade International and Inconfin Investment Management to provide much-needed, long-term financing to smallholder famers in developing countries, starting in Latin America. In addition, we have placed more than 1,400 skilled professionals at organizations around the world through Bankers without Borders®, our volunteer initiative.

Your shared belief in the innate potential of poor people around the world makes this possible. Thank you for your support, commitment and dedication in helping us give the poor the tools they need to improve their families’ lives and their communities.

Alex Counts, President and CEO

Robert Eichfeld, Chairman

letter From the president and Chairman oF the Board


A LittLe KnowLedge goes A Long wAy in CoLombiA

Making ends meet was difficult for Eliseo Gonzalez Angel, a middle-aged cacao farmer in Compo Dos, Colombia. But it is easier now thanks to Grameen Foundation’s efforts to bring agricultural knowledge to Colombia’s rural poor.

Not only does Angel face the uncertainty of farming in the Norte de Santander Region, an area with a long history of guerilla violence, but he has also faced various farming challenges, including squir-rels that would eat his plants. Things got better for Angel after he connected with his local Community Knowledge Worker (CKW) in July 2012. Trained by Grameen Foundation, his CKW uses a smartphone to access and give farmers a range of information, including crop management and market prices for their goods. Farmers also receive information on becoming Fairtrade-certified, which typically earns them a better price for their harvests. Angel is now on track to be Fairtrade certified as a member of Asocati, an agricultural cooperative that is work-ing with Grameen Foundation. Cooperatives help farmers like Eliseo sell their cacao, which is used to make chocolate.

“I have used the [CKW] system four times now. Each time the information has been very useful,” said Angel, who suffered a disastrous loss two

years ago. “My farm was devastated by the winter flooding and I lost all my crops. Now I’m in the process of reestablishing my cacao crop, so I appreciate knowing that, if I need any information, I can get it immedi-ately instead of having to wait for an expert to come visit me.”

Our Americas team, with leadership support from Chiapas International and MasterCard Worldwide, is helping poor farmers improve their businesses through access to financial services and critical information on agriculture. We adapted our CKW program – originally implemented in Uganda – to Colombia and established local partnerships with farmer cooperatives and agribusinesses to support plantain and cacao farmers in Tibú-Norte de Santander and Urabá. Like their counterparts in Uganda, the CKWs use smartphones to access information on farming techniques, pest and disease control, and market prices for farmers. We launched our pilot programs in mid-July 2012, reaching almost 500 farmers by the end of the fiscal year. Forty-seven percent of the farmers we served live on less than $2.50 per day, and 37 percent of them are women.

In late 2012, we joined with Fairtrade International and Incofin Investment Management to launch the Fairtrade Access Fund, an impact investment fund designed to tackle the unmet demand for long-term financing among smallholder farmers

ameriCas

1997: Launched global microfinance activities in Chiapas, Mexico.

2011: Launched the Last Mile Initiative, a five-year campaign designed to help 1 million poor people living in rural Latin America improve their lives.

Advice from his local Community Knowledge Worker helped Angel save his cacao plants.

1997 1998 20131999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

2012: Launched Fairtrade Access Fund with Fairtrade International and Incofin Investment Management.


in developing countries. The fund provides well-run, Fairtrade-certified (or certification-pending) producer organizations with long- and short-term loans to help build their members’ businesses. The fund has invested $1.79 million in four institutions, including Cocafcal in Honduras and Ucasuman in Nicaragua. They used the money to purchase coffee from their member farmers during the harvesting period when prices are typically low. Without the funding, farmers would be forced to either wait for prices to rise and face potential financial hardship during that time, or accept a lower price for immediate payment from another buyer.

We have also made significant strides in our efforts to promote rigorous, transparent measurement of poverty outreach outcomes. In the last year, our Progress out of Poverty Index® (PPI®) has become an industry standard for measuring poverty reduc-tion across the international development sector. The PPI is now used by more than 91 organizations in Latin America, including microfinance institutions and networks, agribusinesses, and agricultural cooperatives.

Grameen Foundation’s Last Mile Initiative is helping poor, rural people in Latin America improve their lives.

2014 2015 2015 2017 2018 2019


1997 1998 20131999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

entrepreneuriAL spirit shines in indonesiA

For Ibu Marni, a 44-year-old mother of two, life in the village of Kunciran outside the Indonesian capital of Jakarta used to be a continual struggle. She had spent years running different businesses out of her home, ranging from selling groceries to renting out video games, only to watch each fall off due to rising costs, increased competition and complaints from neighbors. Each attempt put her

deeper into debt, and when her husband lost his job as a construction worker, she struggled to find new ways to support her family. An optimist with an entrepreneurial spirit, she never gave up.

In 2009 she found a sustainable business: sell-ing airtime for mobile phones as a Village Phone Operator. The profits helped her to pay for her son’s college tuition and to expand their tiny house.

Grameen Foundation established the program with support from Qualcomm’s Wireless Reach™. Both organizations later nurtured and helped Ruma, an Indonesian social enterprise, which now manages the program.

Impressed by Ibu Marni’s great people skills and rich knowledge of the needs of operators and their clients, we hired her as a field officer in 2010. Her friendly character, mature attitude and ability to mingle with new people are also great strengths, especially in poor communities. She can easily start a conversation with women who may not be as comfortable talking to a male field officer.

As her technological and financial literacy continue to improve, she plans to create her own coopera-tive to provide capital to other poor entrepreneurs, such as coffee vendors. She has learned that by helping others start up small home-based busi-nesses, they can rise up together from poverty.

Through Grameen Foundation’s Microsavings Initiative, a project funded by the Bill & Melinda Gates Foundation, we are helping Cashpor Micro Credit in India and CARD Bank in the Philippines to broaden access to safe, flexible and convenient savings accounts for the poor. We helped CARD Bank create a new savings product for its poorer clientele as well as a system for them to access money from ATM machines. We also helped Cashpor develop a mobile-based savings product for its clients and used that experience to launch a similar service for CARD Bank’s clients. In the last fiscal year, Cashpor and CARD Bank added more than 204,000 new savers, combined.

Our work over the past four years has demon-strated that poor people can and will save for future needs if they have a safe, convenient way to store and access their money. We are using our experience and research to design other mobile-based financial services and share them broadly with other organizations that wish to provide them.

In India, our Mobile Technology for Community Health (MOTECH) platform is enabling other orga-nizations to address health concerns using cus-tomized mobile applications. The platform is open source, which allows organizations to develop and manage mobile health solutions more quickly and with fewer technical resources. In partnership with Johnson & Johnson, we successfully launched Treatment Advice by Mobile Alerts (TAMA) in Bihar, Ibu Marni is helping Grameen Foundation to bring new

business opportunities to Indonesia.

asia

1998: Began providing financial and technical support to some of the leading and fastest-growing social enterprises and microfinance institutions across Asia.

2011: Established Grameen Foundation India, a wholly owned subsidiary.

2010: Launched micro-savings initiative in India and the Philippines.

2008: Cofounded Grameen Capital India with Citicorp Finance and IMFR Trust

2008: Launched Village Phone in Indonesia.


one of India’s poorest states. The system sends reminders to help HIV/AIDS patients follow their treatment schedules, and also alerts nurses when patients miss appointments. BBC Media Action also used the platform to launch Mobile Kunji, a service that enables frontline health workers to access and play audio recordings that supple-ment the instructions they are giving to pregnant women. Since its launch in May 2012, Mobile Kunji has helped almost 75,000 unique users and has dispensed 1.4 million minutes of recorded advice.

Our commitment to alleviating poverty in India continues through the work of Grameen Founda-tion India and Grameen Capital India. Grameen Foundation India, our wholly-owned subsidiary, is working with local microfinance organizations to expand rigorous poverty measurement using the Progress out of Poverty Index®. Grameen Capital India, a social investment bank that we cofounded with IFMR Trust and Citicorp Finance, secured its first local investor Indian investors. Since its founding in 2008, it has facilitated $127 million in funding to Indian social enterprises.

We are also expanding TaroWorks™, our suite of Android-based applications that enable social enterprises to track, manage and support their remote and rural field staff via mobile phones. TaroWorks was developed using insights from our work in Indonesia and is now used by 16 poverty-focused organizations globally.

Grameen Foundation is helping India’s poor save for the future.


A new mother enjoys heALth And ConfidenCe in ghAnA

Each week until she gave birth, Mariatu Manafo got messages from Mobile Midwife that helped her through her pregnancy. The service sends pre-recorded messages about health and nutrition via mobile phones to women during pregnancy and after the baby is born. It also alerts clients and nurses when appointments are due or are missed. It is part of the Mobile Technology for Community Health (MOTECH) Ghana initiative, which is a col-laboration of Grameen Foundation and the Ghana Health Service.

Mariatu, who lives in southern Ghana, registered for Mobile Midwife during her first trimester. She had lost two earlier pregnancies, partly because she had relied on advice about herbal medica-tions and diet restrictions from friends and family members. Listening to the weekly messages made a big difference, and now she has a beauti-ful daughter named Salamatu. Her husband Nuru also regularly listened to the content with her. When they heard about the importance of eating more fruit during pregnancy, he started bringing fruit home for her.

Mariatu says she is a living testimony to the efficacy of Mobile Midwife. Previously, she did not have the necessary information to make good

decisions regarding her unborn child. She did not know what kinds of food to eat and when to go for prenatal check-ups. She had taken certain symptoms lightly during her previous pregnancies, but after listening to the messages she became more vigilant about monitoring her health. Mobile Midwife also offers advice that has helped keep

Salamatu healthy even after birth. Some of the messages recommended using insecticide-treated mosquito nets to prevent malaria, and regularly vis-iting the clinic for malaria drugs during pregnancy.

Nuru is thankful for Mobile Midwife, especially the messages that encouraged his wife to go to the health facility for delivery. He is proud to be the father of a beautiful girl, whom he christened “the MOTECH baby.”

Our teams in Kenya and Uganda are leading several efforts to develop the next generation of products and services that meet the needs of the poor. Through the CGAP MTN Innovation initia-tive, we worked with MTN Uganda, the country’s largest telecommunications company, to build financial products to be delivered via mobile to the poor. We are also collaborating with Barclays Bank to sustainably provide mobile financial services to poor households in Uganda through Village Sav-ings and Loan Associations (VSLAs). Our Barclays Innovation Project will build on existing work being done with VSLAs through Banking on Change, a partnership between Barclays, CARE International UK and PLAN UK.

In Kenya, we are working with Musoni Kenya, a microfinance institution that provides services completely via mobile phones, to expand to rural

1997 1998 20131999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

suB-saharan aFriCa

Weekly messages from Mobile Midwife helped Mariatu Manafo deliver a healthy baby.

2002: Began supporting microfinance institutions.2009: Launched Community Knowledge Worker initiative in Uganda.

2010: Launched Mobile Technology for Community Health (MOTECH) initiative in Ghana.

2010: Launched microsavings initiative in Ethiopia.

2002: Launched the first Village Phone program outside of Bangladesh in Uganda.


areas. With support from MasterCard Worldwide, we are helping Musoni develop a new agricultural loan product for rural areas, integrate the Progress out of Poverty Index® into its operations, and expand its use of SMS mobile services.

We are also extending the reach of our mobile agriculture and health work in Uganda and Ghana. Our Community Knowledge Worker (CKW) initia-tive, launched in 2010, now reaches more than 169,000 farmers and their families in almost 18,000 villages across Uganda. By the end of the last fiscal year, our network of 1,139 CKWs had more than 1.5 million interactions with farmers. We have also extended the CKW platform to Colombia and Kenya.

In Ghana, our Mobile Technology for Community Health (MOTECH) initiative, which is supported by Savings Lives at Birth: A Grand Challenge for Development, is now available in the Upper East and Central Regions. Through our partnership with the Ghana Health Service, almost 6,500 pregnant women and mothers of infants registered for the Mobile Midwife service in the last fiscal year. Since its launch in 2010, more than 14,600 people have registered for the service, which provides important information on pregnancy and infant care in four local languages. In addition, 58 rural health facilities are using MOTECH to better manage client data and to improve the quality of care they provide.

2014 2015 2015 2017 2018 2019

Community Knowledge Workers provide agricultural tips to rural farmers and mobile phone charging stations for their communities.

12 www.GrameenFoundation.orG

In 2002, the Abdul Latif Jameel Group and Grameen Foundation began exploring ways to expand microfinance activities across the Middle East and North Africa. One year later, we launched the Grameen-Jameel Initiative. In 2007, we established Grameen-Jameel Microfinance Limited, a joint venture between Grameen Foundation and Abdul Latif Jameel Community Initiatives, a subsidiary of the Abdul Latif Jameel Group.

Headquartered in Dubai, Grameen-Jameel provides financial and customized technical assistance to microfinance institutions in the Middle East, North Africa and Turkey. Modeled after the social business concept championed by Professor Muhammad Yunus, it reinvests profits into the business rather than distributing dividends, which keeps capital flowing into the hands of borrowers who need it.

Since its founding, Grameen-Jameel has helped 20 microfinance institutions serve more than 2 million clients. In 2007, it joined with the Consultative Group to

Assist the Poor (CGAP) and Sanabel, an association for microfinance institu-tions, to launch the Arabic Microfinance Gateway as a repository of news and information for microfinance practitio-ners across the region.

Building on its initial work during the Arab Spring, Grameen-Jameel supports microfinance institutions in countries facing political and economic challenges and also forges strategic collaborations with other organizations working in the region.

Grameen-Jameel CeleBrates 10 Years oF serviCe

13www.grameenfoundation.org*For fiscal year ending March 31, 2013.

in India and the Philippines

204,872new savers

6,495pregnant women

and mothers of infants

in two regions of

Ghana

Provided health

advice to

to serve 169,294 poor households in 17,802 villages across Uganda

Recruited 1,139 Community Knowledge Workers since 2009

Grameen Foundation BY the numBers*

$2.5 millionin promising poverty-focused organizations

$1.65 millionin services through Bankers without Borders® skilled volunteers

Provided

Invested

199More than

PPI users

country-specific PPIs47

to measure poverty levels since 2005

Created

for 103,000 microloans in four countries

$25.7million

$7.6million

$7.6 million in loan guarantees generated $25.7 million in financing


The 12 months that ended March 31, 2013 (FY13), represented a year of implementation and progress following the adoption of a new stra-tegic plan in FY12. We saw large growth in both our program service income and government grants due to our increased focus on sustaining and scaling proven programs. Our total revenue increased by nearly 20% to $21.2 million. Our spending on program activities increased to $21.2 million – the highest level ever – and we provided another $8.8 million in financing to microfinance institutions and social businesses around the globe (which leveraged an additional $17.4 million in local financing for them).

Grameen Foundation ended the year on solid financial footing with total cash and investments of $11.0 million and total net assets of $16.5 million. Though our year-end cash position declined due to the reimbursement nature of program service income and government fund-ing, unrestricted net assets continued to grow.

how Your dollars are spent

82.5%FY12 Program

16.5%M&G

1%Fundraising

where our moneY Comes From

45%Contributions and grants

38%Program revenues

2%Investment income

10%In kind

5%Government grants

sourCes oF ContriBution

34%Foundation

14.5%Government/Multilateral

27%Corporation

21%Individual

Other Nonprofit3.5%

letter From the CFo and treasurer

proGram expenditure

32.1%Information Access

22.2%Financial Services

5.2%Publication Education

21.3%Poverty Tools

19.2%Regional Programs

Si White, Board Treasurer

Joshua Tripp, Chief Financial Officer


statement oF FinanCial position as oF marCh 31, 2013

assets

Current assets

Cash and cash equivalents 7,758,459

Investments 3,274,201

Loans receivable, net of allowance 1,649,847

Grants and contributions receivable 865,517

Other receivables and advances 1,661,748

Prepaid expenses 260,825

total Current assets $15,470,597

ProPertY anD eQuIPMent

Net property and equipment 149,809

other assets

Loans receivable, net of current portion and allowance

962,647

Loans to program related investments 2,431,901

Deposits 178,480

total other assets $3,573,028

total assets $19,193,434

lIaBIlItIes anD net assets

Current lIaBIlItIes

Notes payable, current portion 16,010

Accounts payable and accrued expenses 1,849,412

total current liabilities $1,939,968

nonCurrent lIaBIlItIes

Notes payable, net of current portion 28,048

Deferred rent liability 675,714

total liabilities $2,643,730

net assets

Unrestricted 10,139,406

Temporarily restricted 6,410,298

total net assets $16,549,704

total lIaBIlItIes anD net assets $19,193,434

suPPort anD reVenue

Contributions and grants 9,647,513

Program revenues 7,675,144

Interest and investment income 338,947

Loan interest 400,473

In-kind contributions 2,106,347

total suPPort anD reVenue $21,206,524

eXPenses

PrograM serVICes

Regional Programs 4,056,280

Financial Services 4,697,081

Information Access 6,792,725

Poverty Tools 4,506,793

Public Education 1,100,731

total PrograM serVICes $21,153,610

suPPortIng serVICes

Management and General 4,224,975

Fundraising 267,301

total supporting services $4,492,276

total eXPenses $25,645,886

Changes in net assets before other items (4,439,362)

other IteMs

Allowances for uncollectible loans receivable and foreign exchange risk

(1,046,050)

Present value discount of loans receivable ––

Refund of unspent grant funds ––

Changes in net assets (5,588,345)

Net assets at beginning of year 22,138,049

net assets at enD oF Year $16,549,704

The accounting firm of Gelman, Rosenberg & Freedman has audited the financial records and statements of Grameen Foundation USA for the year end March 31, 2013 and has issued an unqualified opinion. As always, complete audited financial statements are available at www.grameenfoundation.org/about/financial-information.

LIFETIME $1,000,000+Abdul Latif Jameel GroupAmerican Red CrossBill & Melinda Gates

FoundationChiapas InternationalCisco Systems FoundationCiti FoundationCraig and Susan McCaw

FoundationJohn and Ann DoerrFund for the Poor, Inc.JP Morgan Chase

FoundationPaul and Yaffa MaritzRick and Mahasti MashhoonThe MasterCard FoundationJanet McKinley and

George MillerMichael and Susan Dell

FoundationOmidyar NetworkQualcomm IncorporatedDavid and Susan RussellU.S. Agency for International

DevelopmentYeardley Smith of the

Yeardley Smith Foundation

$1,000,000+Bill & Melinda Gates

FoundationMasterCard Worldwide

$999,999-$500,000Chiapas InternationaleBay FoundationFord FoundationJP Morgan Chase

FoundationQualcomm IncorporatedU.S. Agency for International

Development

$499,999-$100,000Barclays BankCisco Systems FoundationCisco Systems, Inc.Citi FoundationDKT InternationalJanet McKinley and

George MillerMcGraw-HillPaul and Yaffa MaritzThe Pershing Square

FoundationDavid and Susan RussellSalesforce.com FoundationUnited Nations Innovation

Working Group

$99,999-$50,000American Institute

for ResearchCapital Group

Companies, Inc.Christian LouboutinHope for Poor Children

FoundationVikram and Meera GandhiGuerrant FoundationGoogle Matching

Gifts ProgramMarie Stopes InternationalRiver Star FoundationThe Rumsfeld FoundationUnited Way WorldwideYeardley Smith of the

Yeardley Smith Foundation

$49,999-$25,000Craig and Susan McCaw

FoundationDeborah Fink and

Wilmer WilsonSusan FreemanThe Kaphan FoundationRick and Mahasti Mashhoon

Rock Paper Scissors Foundation

The Rocking Moon Foundation

Pradeep and Rubie SinghThe Tech Museum

of Innovation

OPPORTUNITY MAKERSBenefactor$10,000-$25,0001993 Irrevocable Trust of

Bette D. MoormanDana AuslanderBest Buy - Women’s

Leadership ForumBladin and Lou Family

Advised FundBochnowski Family

FoundationJohn ClarkDoppelt Family FoundationRobert and Lore EichfeldHoward and Sara Ann

ErichsonGoldman Sachs GivesMike Jacobellis Charles and Roberta Katz

Family FoundationLaurie KruppaDonald Mankoff and

Neelam Patel Keith and MaryKay McCaw

Family FoundationStephen and Stephanie

MehlisThe Moody’s FoundationRosanna Ramos-Velita and

Hans LevinPaul and Pamela RobbSteve and Lexy ShroyerRoger and Susan Stone

Family Foundation

Grameen Foundation is pleased to recognize donations received between January 1, 2012 and March 31, 2013.

FamilY oF supporters

17www.GrameenFoundation.orG

Carolyn Surgent and Jacques Friedman

Andy SzybalskiThe Tomberg Family

PhilanthropiesUniversity of California, IrvineTim and Mary Jo Wainwright

Supporter$5,000-$9,999Henry and Debbie BaskinBNY MellonWillard BrownThe Capital Group Compa-

nies Charitable FoundationAlex Counts and Emily

WainwrightLoreto CrisorioSusan DavisDelta: A California

CorporationBernard George and

Lea Ann ChenGlobal Impact

Richard HaberRicki and Michael HelferRonald and Glenda HerzogHigh Water WomenHolzer Family FoundationPaul HornickGarry IsmondKiyoshi KawahitoBruce and Susanne LandauElizabeth A. LatshawJames and Tina LinTimothy and Stacy LutzRaja MalkaniCynthia Britt MandellWilliam and Amanda

McGovernJennifer Meehan and

John LewisCharles and Gail Muskavitch

Endowment FundOpen Society InstitutePrudential FoundationOmar QandeelJoel Rubinstein and

Sylvia Sabel

RZ FoundationRakesh SardaPrasad and Shoma SettyMichael and Carolyn SmithScott and Lori SobelDiane TangTom TappSuja Thomas and Scott BahrGene UlrichSi and Cathy WhiteWichita Falls Area

Community Foundation - John Hirschi Donor Advised Fund

Alexander Zaharoff

Friend$1,000-$4,999Duke and Sally AckermanLorraine Adams TrustPankaj Agarwal and

Tejal MehtaShantanu Agrawal and

Kavita Parikh

Nina AhluwaliaThe Alan L. Blum

Family FundJohn and Sharon AmdallRavinder AnandAnchor Point Gift Fund of

Bradley A. Feld and M. Amy Batchelor

Beverly and James Armstrong

Avie Consulting, Inc.David and Leigh BangsDavid and Chet BarclayJean BaroletDavid BarradDoug BarryJohn and Mary Ann BellantiNathan BelofskyWilliam BenacTracey BennettKeith BernsteinHelen BettsBFK Foundation, Inc.Rakesh BhallaBronwyn BowenAdam Bremberger Charles and Joan BrownBT Rocca Jr. Foundation Sheila BurrisPaul and Carol CaldronLaura CarnsAlan and Janan CarterStephen and Lani CavitSharyn and Vincent CernigliaWayne and Karen ChambleeJoanna ChapinCharles D. Farber

Memorial Foundation Brian ChauKaren ChoiWasim ChoudhurySusan and Ronald ChoyRichard ClampittJacqueline ClarkSusanne and Benjamin ClarkDimitri and Myrto CocconiRoger ConantPeter Cowhey and

Margaret McKeownMargaret CroneDawn and Thomas Crotty

John CullenMargaret CurtinMichael Curtin and

Audrey IchinoseAnthony CushmanScott DaleyMurray DalzielThomas and Denise DanielCary Davis and John McGinn

Charitable FundYolanda and Anthony

De AndradeElizabeth DenisonStephen DenningerPaul Denzer and

Susan BernsteinRoland DibBen and Christine DiehlJennifer Drogula and

David WohlstadterGordon and Beverly

DukerscheinSuvro DuttaAlicia EdwardsJoe Elman Memorial FundWilliam and Roberta ErwertRobert and Viola EverettAdam FassAnn FeldmanNelson FernandezDan and Julie FeuerbornEmily FineRobert FingerMartin and Cheri FiskWilliam FiskPatricia FiskeAdam FletcherCharles and Elizabeth FloodJoseph FoleyNed FreedMichael FrerkerMartin Friedman and

Suzanne Waltman Bob GerberMichael and Anne GermainJoseph GilesKeith GoodmanKevin GormleyJim and Lisa GreenbergThe Grubman Compton

Foundation

Kerri and Peter GuerinFrancisco and Eva GuiaAndrew and Teresa GuntherRichard and Lois Gunther

Family FoundationPaul HaagaGiselle HagenmayerJoe HamiltonMaroof HaqueCharles HassellDaniel HeppRubina HeptullaHighland Capital

Management/Clay and Amy Shumway

Jorge HighlandHoly Rosary Catholic ChurchHorowitz & Ullman PCJim HoughtonMary HovikHelen Hower and Colin LanzlEugene HuangHumanistic Leadership

InstituteJoseph HunkinsIBM Employee

Services CenterInn Touch in Key WestHarold and Lyn IsbellKeith ItoHerbert Jalowsky and

Joanne O’BrienReed and Kathleen JohnsonAgnes J. Johnson

Family TrustRalph JonesPierre JoppartAnna Josenhans and

Greg HaydenAdam JuvilerMary KantorAbhishek KarSusan Karp and Paul HaahrLauren KatzStanley KayesJeremy KeilMichael KempJohn and Ada KennedyMichael and Karen KennedyThe Key Foundation Chris and Mary Kidd

Since 2011, Grameen Foundation and MasterCard have col-laborated to help poor people improve their lives through mobile technology. MasterCard has provided more than $1 million in funding and its skilled staff has already volunteered more than 4,000 hours to support our global work and initia-tives, including projects in Colombia, Kenya, and Indonesia. Its anchor support is helping us provide agricultural informa-tion and financial access to Colombia’s rural poor, primarily smallholder farmers, via mobile phones. MasterCard is also enabling us to help Kenya-based Musoni, a mobile-based microfinance institution, extend its services into rural areas, and to expand TaroWorks, our mobile-enabled suite of tools that help social enterprise manage their operations and workforce.

“We strongly believe in giving people the tools they need to provide for themselves and to be informed, active participants in the global economy,” said Ajay Banga, President and CEO of MasterCard. “Through our work with Grameen Foundation, we are helping to promote entrepreneurship and economic empowerment in underserved communities as a path towards financial inclusion.”

In addition, through Bankers without Borders®, our global volunteer initiative, we are helping MasterCard integrate skills-based volunteer projects into its work with other grantees.

Promoting Financial Access For All


Megan KieselAnthony KimDouglas and

Elizabeth KinneyChristian and Ineke KnetschPaul and Diane KolakThe Kuehlthau Family

FoundationVinod KurupSteve and Susan KuteLaura LaBergeLawrence LamMartha LawlorJean Lawrence and

Peter PetriLawrence E. Irell & Elaine

Smith Irell FoundationMarilyn and Lawrence LevyLifshutz FoundationVernon LittleDiana LopezSteven LuxenbergLee LynnPhilip J. and Carol J. Lyons

FoundationAngie MaBrian and Amy MaasMarvin and Jane MaasKaren Macko Scott and Robyn MacIntireLena MalikCarole MarcusJon McAlisterErin McConaheyJohn and Stephanie

McElligottThomas and Michelle

MelsheimerMembers Give Program

From American ExpressVijay MenonLeslie MillerMariana MoreauMorgan Stanley Smith

Barney Global Impact Funding Trust, Inc. (GIFT)

Louise MoriartyOwen MorrisJames MortonCassandra Murphy

James Murray and Carol Donald

Dave MyersMarria NazifJohn NeeleyYvette and Aryeh NeierXavier NicolasFrancisco NunezThe Oak Tree Philanthropic

FoundationChikai OhazamaRobert and Deborah OliverJeff and Karen O’MalleyJeanine Arden OrntRobert and Faith OttenhoffAlex PacdhnandaUnion PalenshusMarcia Parry and

Scott KamenVikas and Lois PassiAmi PatelKiran and Jigisha PatelKristov PaulusNick PavlinaRandall PennerMatthew PfileThe Philip Devon Family

Foundation, Inc.Robert and Joan PienkowskiMark PizzatoRichard PlanoRichard PorterEleanor PottManohar PrabhuJanniah and Shanti PrasadColm and Rena PrendergastCharles and Laura ProberProtection Church -

Orthodox Christian Parish in Fairfax County, Virginia

James ProtzKate QuaernaRussell Quong and

Sarah McCabeThe Rabahy Foundation Edward RahaJay Rahman Ann and Jerry RaischLyle RamshawAnthony Rebarchik Frank Reuter

William and Pamela RhodesJohn Rodriguez Anne RossiBirendro Roy Eugene Saunders Gary SchindlerDavid and Judy Schubert Chandra Sekhar Ella and Arkady Serebryannik Gary Sernovitz and

Molly PuldaManisha Shah Robert Shannon Jonathan Sharaf David Shen William ShieldsCandace and Clinton ShockSarah SiddiquiD. Wayne SilbyPeter SillsJason SimmonsJeffrey SimonsCarla SinopoliMarc SloaneDiane SmithReginald SmithAbby SmutnySnyder White Oaks of

Delaware FoundationChristina SomervilleMark Sommerfeld and

Elaine HoveSquidoo LLCJacob Stacey-SchreierJohn StadlerBill Starbuck and

Joan Dunbar Ronald SugameliEugene and Lisa SuhPatrick SullivantJill SumiyasuDaniel TalbotRichard and Phyllis TaylorJerold Terhune Marlene and Richard Tobias Charles Tomberg Norman and Carin ToninaLee Trautmann John Trentacosti David and Judith TrippJoshua and Amity Tripp

Jim Troyer Sally-Ann Tschanz TTF Foundation Dean Ujihara Layne Van Brunt Eve Van Rennes David Vanlandingham Patricia Wahle Richard and Susan Wallace Jeanine WaltersAndrew Warden William and Katharine WeberWestern Union FoundationAlice Weston Jon Whitney Sonja Wilder John and Marjan WilkesDavid and Martha WilsonSteven Wilson and

Nomi Silverman

Fred and Susan Wintermantel

Daniel WitriolThe Witten/Nappi

Charitable FundRalph WittmanJan WolitzkyJennifer WrightScott and Laura YeagerWaikuen Yee and

Anil ThomasNathan YostOliver YostEmily ZallMarc Zeitlin

With additional heartfelt thanks to the 2,489 supporters who contributed less than $1,000 each!

IN-KIND SERVICESAZB & Partners (India)Brigard & Urrutia (Colombia)Clifford ChanceGoogle Grants ProgramHogan LovellsKenyon and KenyonMorgan, Lewis &

Bockius LLPO’Melveny & Myers LLPPatterson Belknap Webb &

Tyler LLP Plave Koch PLCPR NewswirePuyat Jacinto & Santos Law

Office (The Philippines)

David Russell, his wife, Susan, and son, David, have been strongly devoted to pov-erty alleviation since the early 1990’s when they become supporters of the Trickle Up Program in New York City after learn-ing of Grameen Bank’s work from a “60 Minutes” television segment. Mr. Russell joined Grameen Foundation’s board in 2007 after returning from several years in Europe. “It’s a privilege to be able to serve and contribute to the work being done by Grameen Foundation, which we feel is on the cutting edge of finding practical, mea-surable, and accountable solutions for the poorest of the poor to achieve dignified, sustainable livelihoods,” he said.

Last year, Grameen Foundation launched its Last Mile Initiative to support its holistic approach to ending rural poverty in Latin America. Noting that the campaign “brings together the best of what Grameen Foundation does,” Mr. Russell and his wife have offered a matching gift opportunity of up to $500,000. “We believe that combining access to financial and information services in this way for the people who need it most will enable them to help themselves get out of poverty.” To learn more about the Rus-sells’ matching gift, visit www.grameenfoundation.org/where-we-work/americas.

DAviD AnD susAn russell: a liFe oF giving


Beverly Armstrong Peter BladinAlex CountsPeter CowheySusan Davis

Jennifer DrogulaRobert EichfeldCarlos FonsecaVikram GandhiJames Greenberg

Paul Hilal Paul MaritzSusan McCawRobert OttenhoffRosanna Ramos-Velita

David RussellSi WhiteBahram Vakil

ExECUTIVE COMMITTEEPaul Maritz, ChairRobert Eichfeld, Vice-ChairAlex Counts, President/CEOSi White, TreasurerRobert Ottenhoff, SecretaryRosanna Ramos-Velita, Member

FINANCE COMMITTEESi White, ChairRobert Eichfeld, Vice-ChairBeverly Armstrong, MemberRosanna Ramos-Velita, MemberJoshua Tripp, Staff Liaison

AUDIT COMMITTEEBob Ottenhoff, ChairEric Miller, Vice-ChairPeter Cowhey, MemberBeth Wolfe, MemberJoshua Tripp, Staff Liaison

DEVELOPMENT COMMITTEEBob Ottenhoff, ChairAnne Guerrant, MemberPaul Hilal, MemberHans Levin, MemberSusan McCaw, MemberSteven C. Rockefeller, Jr., MemberGloria McCall Snead, MemberRicki Tigert Helfer, Member Gordon Lavigne, Staff Liaison

GOVERNANCE COMMITTEEJennifer Drogula, ChairBeverly Armstrong, MemberCraig Sarsony, MemberJulia Soyars, Staff Liaison

INVESTMENT COMMITTEE

VOTING MEMBERSRobert Eichfeld, Co-chairSi White, Co-chairSusan Davis, MemberJim Greenberg, MemberPaul Hilal, MemberRosanna Ramos-Velita, MemberWayne Silby, Member

NON VOTING MEMBERS Doug Barry, MemberVinod Khosla, MemberDiane Smith, MemberEleanor Wagner, MemberMatthew Speh, Staff Liaison

MICROFINANCE PROGRAM COMMITTEESusan Davis, MemberChris Dunford, MemberBill Fisse, MemberDick Gunther, MemberOlaf Kula, MemberDavid Russell, MemberJanet Thompson, MemberBahram Vakil, MemberCamilla Nestor, Staff Liaison

TEChNOLOGY PROGRAM COMMITTEE

Paul Maritz, ChairDeepak Amin, MemberPeter Bladin, MemberPeter Cowhey, MemberCarlos Fonseca, MemberShel Kaphan, MemberDean Karlan, MemberNelson Mattos, MemberCraig McCaw, MemberRob Mechaley, MemberAnand Narasimhan, MemberWayne Silby, MemberPradeep Singh, MemberDavid Stephens, MemberKentaro Toyama, MemberSrikant Vasan, MemberDavid Edelstein, Staff Liaison

SOCIAL PERFORMANCE COMMITTEEPeter Cowhey, ChairBarbara Kibbe, MemberJody Rausch, MemberLarry Reed, MemberDavid Russell, MemberSteve Wright, Staff Liaison

ASIA REGIONAL ADVISORY COMMITTEEVikram Gandhi, ChairRobert Eichfeld, Vice-ChairJim Greenberg, MemberWayne Silby, MemberJennifer Meehan, MemberChristopher Tan, Staff Liaison

AFRICA ADVISORY COMMITTEEPaul Maritz, ChairWillene A. Johnson, Vice-ChairDr. Wolday Amha, MemberJennifer Drogula, MemberGodwin Ehigiamusoe, MemberSteve Wardle, Staff Liaison

AMERICAS REGIONAL COMMITTEERosanna Ramos-Velita, ChairRobert Eichfeld, MemberCarlos Fonseca, MemberJorge Higinio Maldonado, MemberDavid Mhyre, MemberChuck Olson, MemberBrewster Waddell, MemberDavid Russell, MemberAlberto Solano, Staff Liaison

PAST GRAMEEN FOUNDATION ChAIRSSusan Davis, 2000-2007James F. Sams, 1998-2000Reed Oppenheimer, 1997-1998

Board oF direCtors

For FY2013, which ran from April 1, 2012 to March 31, 2013


Alex Counts President and CEO

Joshua Tripp Chief Financial and Chief Operating Officer

Norm Tonina, Jr. Vice President of Organization Effectiveness

Christopher “Happy” Tan Regional CEO, Asia

Alberto Solano Regional CEO, Americas

Steve Wardle Regional CEO, Africa

David Edelstein Senior Vice President, Solutions and Regions

Shannon Maynard Vice President, Chief Talent and Knowledge Officer

Hillary Miller-Wise Vice President, Information Services

Camilla Nestor Vice President, Financial Services

Steve Wright Vice President, Poverty Insights

Julia Soyars Legal General Counsel and Assistant Corporate Secretary

ExECUTIVE STAFF

As of July 31, 2013

Edward AdimazoyaGilbert AgabaMiguel AgudeloFlorence AjioAntoinette AkanliseBenjamin AkentengJones Akoto-LarteyMohammed AlamGabriel AlbaJuan Carlo AlvarezFreduah AmponsahBernice AnangSergio AsmarFirda AstriyaniJoseph AsuakoFrancis BallardJames BalukuJoseph BbirikaddeWahab BirumaProssy BirungiSeth BoatengAaron BrittonPeter BrownTonny BukeeraFiona ByarugabaRamiro CadavidArcelia CardenasElaine ChangChristina ChaoKay ChauJill ChenStephanie ChenSherita CoatesErin ConnorDarwin CruzHayley DaleKimberly DaviesOwen Davies

Ian DavisDebra DeanKatherine DevineErin FlorenceKenneth FoxArmine FranciscoVictor GamadoWhitney GanttAndrea GardeazabalDiana GravalleseGeorge GyauJason HahnKari Hammett-CasterUmardani HarahapSamantha HaviserMichaela HayesMichelle HendersonNicole HermanMaria HernandezAna HerreraAnggun HimawanDavid HutchfulKweku IdunBeverly JacksonKristen JonesPeter KahukiCarol KakoozaEric KamaraGreta KauffmanAnnette Kawooya-BogereIsmail KayembaEmmanuel KayongoAnuda KediaLisa KienzleSylvia KimuliJacob KintuBruce KisituSarah Kiyemba

Michael KizitoMary Jo KochendorferSean P KreppCaroline KudwoliWilliams KwarahJulius KwesigaLuke KyohereRobert LaRubbioGerardo LassoGordon LauLauren LavoieJenefer LhughabweThomas LightMaria LobonCris LomboyLindsey LongendykeFrancis LubangaPatrick LumumbaMaria LuqueMoses LwangaAndrew MaaheRobyn MacIntireHenry MalobaFarid MarufJulius MatovuCecilia MbawaddeKathryn McElligottJoseph McNultyMatthew MechenbierJacobo MenajovskyKanika MetreSam MiltonAnitha MoorthyOlga MorawczynskiNicholas MugabiSarah MugishaDavid MugumeJoel Muhumuza

Eve MungaiNjambi MungaiJibril MusahJude MusokeCatherine MuwangaRenita NabisubiSylvia NakabugoBridget NakajubiSarah NakendoSara NantagyaJuliet NantegeGodfrey NanzigwaFrederick NdiwalanaWilliam NeuheiselRita Naadei NikoiStephen NsubugaSadat NtumeRichard NuwagabaKhuloud OdehDorothy OgollaWilly OkelloSimon OkotBernard OkumaArnold OnzimaKwame OpareJuan OrozcoLori OspinaSam OtimRebecca PaguioAstha Parmar Julie PeacheyLee-Anne Pitcaithly Sabrina QuaraishiSharada RamanathanChristine RobertsKaren RomanoBernice SandejasEllen Sasha

Hosea SempaDeepa SharmaWinifred Siaw-SapporeAndrea SilvaStephanie SimpsonLarisa SitorusMuchamad SolehudinMatthew SpehNoah SsempijjaCharles SsemwogererePaul SsengoobaRashid SseskitoolekoVenkitaraman SureshRichard SwaiBenson Moses TaiwoLaura TarreShuaib TeetehAnthony TenywaMichael TetteyJohn TippettNapoleon TobiasElizebeth TuckerEmily TuckerJohn TullCharles TumwebazePomai VerzonMatthew WalshCharles WanumeNathan WereTiffany WilsonAniela WobilAlfred YeboahCathy YiLiselle YorkeGodwin Ziddah

STAFF


Ajay AchuthanRoshan AhmadAsfara AhmedNitesh AkhauryPeretz AlexanderAmir AliAndres AmadorSaleha AminMinahil AminErika Amoako-AgyeiRobertus AndersMohammed AnisuzzamanWilliam Arambula Audrey AtencioRavi AuroraElizabeth AyerSourav BanerjeeNeal BarschMaliha BassamUpul BatagodaStacy BeachCristina BedeschiWendy BellSarah BennNicolas BentelJonathan BerthetAjay BhandoolaJean-Marc BissonIgnacio BlancoClaudia BrauerSamantha BroxtonMelissa BurbaCharles ButlerJohn CanellakisNorman CarterMaria Veronica

Cetrola RavenHan Lian ChangKhadija ChaouachiTanoya ChatterjeeErika ChenBolormaa Chimednamjil

Julia ChinGaurav ChoudhuryMoya ConnellyKathy CookeRandy CouttsPatricia CraddockAllison CraftSangeeta DasCharlotte de LaboulayeAriel De RamosJennifer DelaneyMallory DowningChristine DuKazeem DurodoyeLaura DzierzynskiMark EchezarretaRonnie EngCaryn EnglanderFlor EstevezAlberto EstrellaGertrude Feza KabaswekaCarlos FierroEyal FinkBrianne FischerGrace FisiyEve FloodChristopher FongCarolanne FriedHanna FromellNatalia Garcia-NigaglioniGursheen GhumanAurora GilbertJohn GioacchiniMichael GioacchiniEmily GordonZetta GuNicole GupteClara GutierrezDolores GutierrezShi HanEmily HanakJennifer Helgeson

Victoria HimmelbergerBlake HollemanSai HonigMohammed HosainPhilippa HoshkoEmily HosoyaDaniela HoyosTingxuan HuangAlexandra HumphryKerice HyattIsabelle IraniPrasad IyerKathleen JurmanMargaret KargboMishal KarimMichelle KaticsAaron KatzmanMegha KaulDongyoon KimJoy KimPoojitha KondaboluDaniel KrepsNathan KuchtaKarima LahrachDavid LaskinSarah LeeJae Hu LeeXue LiMonica LiangYe LingJocelyn LingCalvin LiouAudrey LongendykeFernanda LopezCheng LuMeghan MaddenCarlos MadridRaphael MaganaSomdip MajumdarWong Man HeiCarolina ManfroniKathleen Manley

Jessica MannPeter MarchantAnna MarianoEstelle MartinsonMary Jane MasiRajat Mathur Vandana MatravadiaAlex MaxwellCaitlin MayberryKathryn McHenryPaula McLarren-JohnsonIlsy MelendezDarren MenachemsonRohini MenezesSophie MervoyerSumon MiahChevon MilesFrancis MinienAnurag MittalJenny MokJulie MontesAnitha MoorthyChrista MoserMarcel Guillaume MoutomeAnanya MukkavilliAlexander MurrayKarl MuthBassel NadimEmily NamugaanyiGabriela NassauSekai NdemangaCarmen NgPriscilla NicolasJuan S. Nito IrigoyenTeri NollLaura NorrisStuart O’DeaKathleen OdellJames OlaleyeIkechukwu OnyebuchiHarold OppenheimerKritika Pande

Ratheet PandyaMaria PantojaShazia PeeranClaire PerryPaolo PironiEva PoonAmy PosterAnusha PrasherNicholas ProfitaNatalie QuinnJennifer RademakerJahanara RahemtullaInbal RaitSudhakar RamakrishnanVishal RamakrishnanTayyaba RaziPhilip ReedMariella ReghBaiqiao RenDiego ReyesRodelo ReyesAna RibeiroColin RiceTaylor RobinsonAna Maria RodriguezHeidi RohmMeggi RombachMichael RoscittRobert RoutCristina RuedaShahyar SafaeeRonak SampatHelena SamperVeronica SarrabayrouseMeike SchmidtRaquel SegundoEmma SeowManu SharmaJade SiuMichael SmithJule SowAnne Steeves

Christian StefansenAlexis SubervilleJustin SuhSarina SulaimanovaYiqing SunDiego SzteinhendlerAbhik TayalShams TejaniErwin TiongsonDorothy UngerMaharshi VaishnavMiguel ValleSandy VasanPaula VásquezLiliana VelandiaMaria D. VelezPomai VerzonDanielle VivadoNaitik VyasSonia WadhawanYvonne WangDavid WasherDaniel WeinzvegParis WestKelsey WilliamsOmari WilliamsMatthew WolfMichiel WolversEyub YegenYuan YiDavid YorkEmma YourdKaren YuAnna ZanghiRuodan ZhangHui ZhongHaiying Zhou

BANKERS WIThOUT BORDERS® VOLUNTEERS


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 in which you can help:

take aCtion

Des

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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:

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Donors in 37 countries

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LIKE US ON Facebook.com/StopPovertyNow

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

Join our team

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of $420 to Grameen Foundation in the last fiscal year

READ OUR BLOG AT grameenfoundation.org/blog

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 (regard- less of your background) on projects to help the world’s poorest – on location or from your desk. To find out about volunteering opportunities, visit bankerswithoutborders.org.

giving At worKMany companies generously support their employees’ philanthropic causes. You can designate Grameen Foundation for your workplace matching gifts program.

grAmeen foundAtion LegACy soCietyMake a planned gift by designating Grameen Founda-tion as a beneficiary in your will, retirement plan or life insurance 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.

Grameen Foundation Headquarters1101 15th Street NW, 3rd FloorWashington, DC 20005Phone: 1-202-628-3560Fax: 1-202-628-3880

Grameen Foundation Seattle Office2101 4th Avenue, Suite 1550 Seattle, WA 98121Phone: 1-206-325-6690Fax: 1-206-325-0634

Grameen Foundation Colombia OfficeCarrera 30 Calle 10C-228Edificio Interplaza, Oficina 917Medellín, Colombia57-4-268-7554

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

Grameen Foundation Hong Kong Office12D, Kimley Commercial Building142-146 Queen’s RoadCentral, Hong Kong

Grameen Foundation Indonesia OfficeMenara Imperium, Ground Floor 8Jalan H.R. Rasuna Said Kav 1Guntur, Jakarta Selatan 12980Indonesia

Grameen Foundation Kenya OfficeThe Greenhouse on Ngong RoadThird Floor, Suite 21P.O. Box 63184-00619Nairobi, Kenya

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

Grameen Foundation Uganda Office6th Floor, Lourdel Towers,Plot 1 Lourdel Road, NakaseroP.O. Box 35495Kampala, UgandaPhone: +256 312 555100

Grameen Foundation India (wholly-owned subsidiary)C 406, Nirvana CourtyardNirvana CountrySec 50Gurgaon 122002Phone: 91 124 4100703

Grameen Capital India Ltd. (joint venture)No. 402, 36 Turner RoadBandra (West), Mumbai - 400 050Phone: 91 22 6675 2992

Grameen-Jameel Microfinance Ltd. (joint venture)International Humanitarian CityBuilding # 4, Office 139, First FloorDubai Industrial CityP.O. Box 506025Dubai, U.A.E.Phone: 971 4 430 9120Fax: 971 4 430 9121

OTHeR GRAMeen FOUndATIOn ORGAnIzATIOnS

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connecting potential · ing with grameen foundation. cooperatives help farmers like eliseo sell...

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