Minati, Rope Maker and Microfinance Client

8/14/2019 Minati, Rope Maker and Microfinance Client

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OPPORTUNITY INTERNATIONAL AUSTRALIA

India Progress Report

Ramvati and her husband run a thriving clay pot business in Delhi.Her most recent loan from Shikhar enabled her to purchase a clayoven, leading to increased productivity and income.

Message from the CEO

When a woman receives a small loan, it is not simplya financial transaction. Its much more than that. Foreach client, the loan will represent somethingdifferent: for a young woman, it may be anopportunity to gain independence. For a mother, itmay be a chance to enrol her child in school. For a

grandmother, it may be a way to plan for herretirement.

For our clients, many of whom have enduredincredible hardship in their lives, a small loan is avote of confidence in their ability to forge their ownfuture. When a person has established a successfulsmall business and can do the things we take forgranted afford nutritious food, pay for anelectricity connection, send their children to school we see that microfinance does not just improvecash flow. It can also change peoples lives.

Through 14 dedicated microfinance institution (MFI)partners, the India Program is now serving over amillion clients. From Sharadas rapid growth toMargdarshaks innovative training courses, our MFIpartners are seeking to meet the needs of thecommunities in which they work, and in doing so,change lives.

Opportunity International Australias work is onlymade possible through the generosity of our loyalsupporters. At December 2009, our partners in India,Indonesia and the Philippines were serving over twomillion clients. In 2010, we want to let more peopleknow about the life-changing impact ofmicrofinance in the lives of the poor. Yourcontinued support and advocacy will help us tocreate more awareness, harness more support andreach out to more people in desperate need of ahand up.

Thank you for your support of the inspiring men andwomen who are our clients.

Kind regards

Robert DunnChief Executive Officer

Report summary

Opportunity Australias MFI partners in India arenow serving over a million clients

Three new MFI partners have been added to theportfolio. These include two partners operating inthe vastly underserved states of Orissa and Biharand a start-up MFI with an innovative approach

to serving the poor in Tamil Nadu and Karnataka From July to December 2009, our partners

achieved remarkable growth. The portfolioincreased by over 150,000 clients.

This report is an update on the India Program fromJuly to December 2009.


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One million clients.

Thats one million lives being impacted bymicrofinance, and one million families with hope fora brighter future.

Thanks to your support and the hard work of ourMFI partners, in less than two years, OpportunityAustralias portfolio has become a significantnationwide poverty alleviation program.

India is a country of extreme contrasts: chronicpoverty exists alongside modern skyscrapers. Thereare also hundreds of millions of poor people who

have not benefited from Indias recent economicgrowth, and are unlikely to do so in the near future.

While the sheer scale of poverty can beoverwhelming, Opportunity Australias investmentapproach, allowing funds to be sent to andleveraged by partners all over India, enables you tohave a huge impact in the lives of the poor.

2 OPPORTUNITY INTERNATIONAL AUSTRALIAIndia Progress Report

Since its establishment in May 2008, Opportunity

Australias India Program has expanded to include 14MFI partners. Our partners are a mix of establishedand start-up MFIs, with a focus on the underservednorth of India. Our Indian subsidiary, Dia Vikas Capital,actively manages the program. Opportunity Australiaand Dia Vikas Capital provide ongoing guidance,assist the MFI partners to establish relationships withbanks, and fund technical support from leadingconsultants MicroSave.

During a period of financial turmoil, when a lack offunds severely limited the operations of many MFIs inIndia, the generosity of our donors has allowed us to

continue supporting our MFI partners. Now, asfinancial markets recover, our MFI partners are in aprime position for significant growth. Our supporthas been the crucial element, says Saneesh Singh,Executive Director of Investments and head of MFIpartner relationships at Dia Vikas Capital.

Ultimately, our work is about giving poor women theopportunity to use their ingenuity and hard work tocreate a better future for their families.

One million clients is a milestone worth reflectingupon. In 2010, we aim to help our MFI partners to

give a hand up out of poverty to another millionclients.

There are many opportunities to increase our impact:we hope you can continue with us on this exciting

journey.

The millionth milestone

The Dia Vikas program isoutstanding and its social focus andinvestment in the small organisationsis vital to the development of thesector as a whole in India.

Brij MohanMicrofinance advisor and former Executive Director of SIDBI

A Cashpor client at a group meeting.


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Existing portfolio

As at 31 December 2009, Opportunity Australia had14 MFI partners throughout India, serving over onemillion clients.

From July to December 2009, we formed newpartnerships with three MFIs (see page eight formore information). These include two partnersoperating in the vastly underserved states of Orissaand Bihar and a start-up MFI with an innovativeapproach to serving the poor in Tamil Nadu andKarnataka.

Several additional partnerships are currently beingformalised, which will enable more MFIs to expandtheir services to needy communities.

FundingFrom July to December 2009, Opportunity Australiadisbursed A$5.99 million to the field, allowing ourMFI partners to expand their loan portfolios andleverage additional funds to serve more clients.


Our partners


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MFI Clients at

31 Dec 09Client

increasesince

30 Jun 09

Outstanding loanportfolio as at

31 Dec 09(A$ 000)

No. ofbranches

Operationalsustainability

* %

PAR > 30days** %

Established MFIs

1. Cashpor 362,880 42,022 49,974 267 106 0.6

2. Sharada 142,348 24,658 18,600 78 167 1.1

3. RGVN-CSP 88,096 17,829 10,840 62 126 3.5

4. Shalom 32,141 487 6,160 22 101 1.8

5. GO Finance 67,186 13,419 6,494 12 107 3.6

6. EMFIL 184,894 40,752 26,527 100 100 1.2

7. Adhikar 57,622 8,040 8,405 34 124 0.5

Start-up MFIs

8. Arth 11,339 -4,022 2,101 8 127 0.0

9. Samhita 26,398 1,019 2,626 28 97 2.3

10. Sambandh 4,142 333 621 4 77 0.0

11. Margdarshak 8,294 2,285 1,170 9 124 0.2

12. Shikhar 9,323 3,096 1,098 10 77 0.6

13. C-DOT 6,127 2,376 860 6 124 0.0

14. Kaveri 1,600 1,600 597 8 18 0.0Partner totals 1,002,390 153,894 136,073 648 116% 1.3%

Portfolio performance


*Operational sustainability is the ability of an organisation to cover the costs of its lending program with the revenue earnedfrom its lending program.

**Portfolio at risk (PAR) is a stringent measure of an MFIs loan portfolio quality. It calculates the total value of outstanding loanbalances for loans with at least one payment being overdue by more than 30 days. PAR is used to highlight potential futurerepayment problems.Exchange rate used is A$1: Rs. 41.8816

From July to December 2009, the portfolio increased by over 150,000 clients. In the past six months, Sharada has achieved remarkable growth, increasing the number of branches from 46 to

78. Several MFI partners, particularly Arth, Shalom and Sambandh, have struggled to expand due to difficulties in

securing bank funding. During this period, Dia Vikas Capital has worked with the MFI partners to improve theirrelationships with banks. Indias financial year ends on 31 March, so access to bank funding is expected toimprove in the first three months of 2010. Arth has also used this consolidation period to focus on improvinginternal capacity and loan portfolio quality, with assistance from MicroSave.

Kaveri started operations in November 2009. As the MFI becomes more established, operational sustainability

will improve.


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As Indias economic growth makes headlines

around the world, hundreds of millions of Indiansface a life of grinding poverty, day in and day out.Seventy-six per cent of the population survive onless than US$2 a day. For every university graduatewith a job in IT, there are scores of familiesstruggling to afford food and shelter.

Indias poor did not escape the effects of the globalfinancial crisis. The United Nations estimates thatthe number of Indians living in poverty was 33.6million more in 2009 than if previous rates ofeconomic growth had been maintained.

Although a middle class has recently emerged inIndia, it bears little resemblance to Australias socialstructure. Although the exemption threshold to payincome tax is a yearly income of just Rs. 111,250(A$2,713), there are only approximately 40 milliontaxpayers in India. This tax base simply cannot affordhealth, education and infrastructure for the 1.1billion people who call India home.

Indias 28 state governments, complex bureaucracyand high population growth has hamperedgovernment efforts to tackle poverty on a nationalscale.

Microfinance has emerged as a sustainable,scaleable approach to leveraging Indias largestuntapped resource: the poor and marginalised.

While education, discrimination and a lack ofopportunity have confined many Indians to poverty,microfinance provides them with a chance to starttheir own enterprises, generate a sustainableincome and, in many cases, employ other poorpeople.

Sources: The Economist, The World Bank, United NationsDepartment of Economic and Social Affairs, United NationsHuman Development Report 2009

The reality of economic growth


Beenas storyIts almost lunch time and in her kitchen, Beena issurrounded by metal trays, or tiffins. Beena supplieshot meals to over 50 students and business peoplepeople every day.

When Beenas husband was injured at his motormechanic business and unable to work for a year,

she had to find a way to support their fourchildrenNitin, Ruchita, Suchita and Yash, now agedeight to 22. As the familys savings were spent onmedical bills, Beena started a small canteen business.Due to a lack of capital, the business failed togenerate a steady income. Beena was forced to skipmeals and her childrens education was interrupted.

Beena heard about Margdarshak from a neighbour.Recognising her determination to make a success ofher business, Margdarshak disbursed a loan to Beena,which she used to purchase more tiffins and expandher business.

Now on her third loan cycle of Rs. 15,000 (A$366),Beenas business is thriving. She employs someonefrom her neighbourhood to help her cook, while herhusband delivers the tiffins to local businesses andschools. Her monthly income has tripled from Rs.4,000 (A$96) to Rs. 12,000-15,000 (A$293-366).

Beenas three youngest children are now at schooland her eldest son, Nitin, has a job which helpssupport the family. In the coming year, Beena plansto increase her daily tiffin service to over 100 peopleand employ a person to help her husband deliverthe meals. In time, she plans to open a general storeto supply vegetables, spices and other goods.

With the support of Margdarshak, Beena is now asmall business owner and employer with a planfor the future.

Beena prepares over 50 meals each day for local people.

If we stop thinking of the poor asvictims and start recognisingthem as resilient and creativeentrepreneurs a whole new worldof opportunity will open up.

C.K. PrahaladIndian entrepreneur and author


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When a poor woman applies for a microfinance loan

and cannot sign her name on the application form, itspeaks volumes about the obstacles she has faced inlife.

Many of our partners clients were raised in poorfamilies. When money is scarce and there are manychildren, parents will usually choose to educate theirsons. Daughters are often regarded as a financialburden and are expected to help run the household.

In India, over 300 million people are illiterate. Themajority of these are poor women. There arecurrently 42 million Indian children between the

ages of six and 14 who are not attending school.

For poor families, the ongoing costs of school fees,books and uniforms can be unaffordable. For thosewho do attend school, the quality of education isoften low.

When our partners clients start to increase theirincome as a result of a small loan, one of the firstthings they will invest in is the education of theirchildren.

While microfinance can increase the capacity of

clients to educate their children, many of our MFIpartners also have initiatives which seek to addressthe low levels of education in the communities inwhich they work.

In some areas, MFI partners have specially designededucation loans to help parents afford school fees atthe start of each term. Other MFI partners havescholarship programs for clients children.

While investing in the next generation is a long-termplan, many of our MFI partners are also investing ineducation and training for their clients. Without

basic business training, many clients will struggle tokeep track of their financial accounts and expandtheir business. To address this, many MFI partnershave training programs in basic business principlesand specific skills.

Opportunity Australias long-term strategy is tosupport the expansion of our MFI partners existingcommunity programs and introduce new educationand health initiatives to other MFI partners.

Sources: UNICEF India, World Bank

Investing in education


A series of small loans from our MFI partner Sharada enabledMammmma to send her three daughters to school.

When I meet [microfinance]borrowers, I often meet mother-daughter and mother-son pairs inwhich the mother is totally illiterate,while the daughter or son is a medicaldoctor or an engineer.

A thought always flashes through mymind: the mother could have been adoctor or an engineer too. She has the

same capability as her daughter orson.

The only reason she could not unleashher potential is that the society nevergave her the chance.

Muhammad YunusFounder of the Grameen Bank

Nobel Peace Prize Winner 2005


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Education initiatives: case studies


Investing in young entrepreneursOur MFI partner Margdarshak has implemented anelectronics repair training program with the support ofIndias National Bank of Agricultural and RuralDevelopment. Situated in rural Barabanki, aMargdarshak loan officer recruits high school graduateswho have worked for several years and are seeking askilled career path. Participants pay a registration fee ofRs. 300-400 (A$7.30-9.75) for the three-month course.Similar courses in Delhi cost Rs. 100,000 (A$2,439). The

course includes mobile phone, household electronicsand battery repair training. Upon completion, graduateshave the opportunity to apply for an enterprise loanfrom Margdarshak. This program invests in theentrepreneurial capability of young people.Seventy-five per cent of graduates haveestablished a small business, and insome cases employed local people.

Giving clients and their children a brighter futureIn the state of Orissa, 37% of the population is illiterate.

For children of the working poor, school is often not anoption, as they are required to contribute to the familysincome. Our MFI partner Sambandh works in theindustrial city of Rajgangpur, Orissa. Here, many childrencollect discarded metal from the local steelworks pit,earning Rs. 5 (A$0.12) for every 10 kilograms theycollect. To help clients give their children a betterfuture, Sambandh offers education scholarships forclients children. Each year, clients can obtain twoscholarships for children in years 9 and 10. AllSambandh clients are eligible. Sambandhs scholarshipprogram recognises that for many clients, theirchildrens education is their first priority.

Many MFI partners already have innovative projects tackling the education needs of their clients andcommunities. In many cases, these projects focus not simply on the provision of primary school education, buton building the vocational skills of clients or providing financial flexibility to pay their childrens school fees.

Sandeep,25,completedtheMargdarshakelectronicsrepair

trainingcourse.Hisnewskillshaveattractedmorecustomersto

hisrepairsstoreandhisincomehasincreased.

A Sambandhclient(right)withherhusbandand young

family.


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Adhikar

Adhikar is an established MFI based in Orissa, one ofIndias most impoverished states. Adhikar iscommitted to social development and defendingthe rights of the poor. The organisation began itsmicrofinance program in 2004 and has since growninto one of the largest MFIs in the state.

Alongside loans, Adhikar offers an innovative moneyremittance service (allowing migrant workers toelectronically transfer money to their families),which is the first of its kind in India. The service hasattracted interest from both government and otherMFIs interested in adopting similar services for

migrant workers and their families. Adhikar alsoprovides insurance policies and savings facilities toclients.

C-DOTThe Centre for Development and Training (C-DOT) isa start-up MFI operating throughout the Nalandadistrict of the state of Bihar. C-DOT was establishedin 2000 by a group of professionals committed toalleviating poverty in their home state. Microfinanceoperations began in 2007.

Alongside regular loans, C-DOT has piloted a loan of

Rs. 10,000 (A$244) for the purchase of livestock. C-DOT dairy clients are linked with a local dairycooperative, which also arranges cattle insurance forRs. 1,200 (A$29). C-DOT is also planning to providevalue-adding services such as market linkages.

KaveriKaveri is a start-up MFI delivering focused livelihoodmicrofinance in Tamil Nadu and Karnataka. Theareas of Tamil Nadu in which Kaveri operate arestrong agriculture centres with bamboo products,sari making, cotton processing and floriculture,providing potential livelihood activities for Kaveris

clients.

Kaveri will target both entrepreneurial women andmen, focusing on borderline poor clients working inthese enterprises. By helping these clients scale uptheir operations, Kaveri expect to generateemployment for people living below the povertyline.


Introducing our new partners

Vibhas storyVibha Devi and her family live in a small, simplehouse. The stacks of school books against the wallare a new addition: since joining C-DOT, Vibha hasbeen able to afford school books and clothes for herfour sons: Pratap, Prakash, Prabhat and Kumar, agedfrom 10 to 18.

Vibha used to buy and sell general goods in thelocal market. Combined with her husbands income,they still could only afford two meals a day for theirchildren. They could just afford to pay school fees,but could not afford school books. Vibha took a loanfrom a local moneylender, but virtually all of herprofits went to paying the high interest rate.

Then Vibha heard about C-DOT. She formed alending group with five local women, and afterreceiving training, she received a loan of Rs. 6,000(A$146). With this loan, she started a businesspackaging small goods including watches, toffeeand toys and selling them in a lottery system at thelocal market. The business became so popular thatshe now employs 15 women to help her pack thegoods. Her husband also takes packages to theneighbouring district and sells them to local

shopkeepers who run their own lotteries. Prior toreceiving the loan, Vibha earned a monthly netincome of Rs. 2,000 (A$49). Now, she is earning a netincome of Rs. 10,000-12,000 (A$244-293) everymonth.

Currently on her second loan cycle of Rs. 12,000(A$293), Vibha and her family now eat three meals aday. Her sons have books and clothes for school,and also go to private tuition. She has been able tocement the floor of her house and install a latrine.

Vibha has started saving money and is planning on

purchasing a soda making machine, so her husbandcan sell drinks at the local market. Vibha is proudthat with her hard work, her sons are now attendingschool and have a bright future ahead.

Vibha with her husband and two of her sons in their family home.


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Manas Bid is a Regional Manager for Dia Vikas Capitaland is passionate about helping poor peoplethroughout his country.

Ultimately Manas is driven to see the clients areusing our support and to extend the assistancegiven. Another favorite part of his job is visitingpotential MFI partners in the field. He performs duediligence visits to ensure the prospective partnersmission and vision is in line with Dia Vikas Capital andOpportunity Australia. This process also exposes himto different and interesting models of microfinance.

In 1998, Manas completed a Diploma in RuralDevelopment at the Xavier Institute of SocialServices, Ranchi. The universitys motto, Putting thelast first, is a motto that Manas personally follows.

Since graduating from university, Manas has workedin the microfinance sector, initially with themicrofinance institution MFI Village Welfare Society,then with CARE Indias microfinance program.

Through his work, Manas has witnessed howeconomic support creates opportunities, initially forthe client, and then for their wider community.

He has learned how economic opportunities for poorwomen lead to better nutrition, education andhealth facilities for their families. Manas explains thatwomen gradually gain confidence and get involvedin village development activities... and are [also]being elected as representatives in local governancebodies.

Manas is also a hands on father and husband, takinghis son to the school bus in the morning and helpingwith homework and household chores in theevening.


Adding value

Manas visiting a new MFI partner in Bhubaneswar, Orissa.

The local impact of a global eventA new stadium or the homes of thousands ofpeople?

This is a typical choice faced by CommonwealthGames planners and city councillors in Delhi.

In October 2010, the Commonwealth Games willattract world-class athletes and sports journalists toDelhi, a city which also plays host to continuallyexpanding slum communities, as rural migrantsarrive in search of employment every day.

Nobody knows exactly how many people live inDelhis slums. Estimates range from 1.8 million toalmost 6 million. The slums of Delhi form their ownvibrant communities and are a vital part of the city.Many slum inhabitants are also professionals andsmall business owners, including taxi drivers, streetvendors, maids and day labourers, whose hardwork powers the city.

Organisers have tried a variety of approaches tomitigate the slums impact on the Games inJanuary 2009, hundreds of slum homes were razedby bulldozers to make way for a road. Many of the

newly homeless were refused assistance, as thegovernment found they did not meet relocationrequirements. More recently, vast supplies ofbamboo have been ordered to construct fencesaround the slums, in order to soften their impact inthe eyes of the worlds media.

Our MFI partner in Delhi, Shikhar, reports that manyslums in which they operate have been surveyedand there is a feeling of uncertainty among slumdwellers. The government has not provided clearinformation about which slums will be uprooted,which has also affected Shikhars expansion plans.

Shikhar is concerned that during the Games,people may be temporarily displaced from theirhomes and, more importantly, their jobs.Sources: India Census, The South Asian, The WashingtonPost


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Surrounded by her children, Sunita smiles happily.

She is working at her small meat stallthe latestaddition to her thriving pig-raising business. But lifedidnt always look so promising for Sunita and herfamily.

About three years ago, Sunita decided she needed tofind a way out of the grinding poverty she and hereight children faced, living in a slum in Delhi. She

joined Opportunity Australias MFI partner Shikharand received a loan of Rs. 7,000 (A$171), which wasenough to purchase a few pigs.

Sunita knew the pigs were a chance to give her

children a better start in life. In the familys small two-room dwelling, she sectioned off most of the livingarea to house the mother pig. During this time, KCRanjani, Managing Director of Dia Vikas Capital,visited Sunita and was astounded by herdetermination to improve the lives of her children.

Soon after, disaster struck Sunitas small business. Herpigs were stolen. The local police would only helpher if she paid a bribe, which she couldnt afford. Atthis time Ranjani visited Sunita again. Ranjani, abanker with decades of experience in microfinance,started crying when she saw that Sunitas hard work

had come to nothing. Sunita said to Ranjani, Dontcry. You need to be brave.

Sunita bravely started again. She received anotherloan from Shikhar, purchased more pigs and startedto breed them at a farm outside of Delhi. Now, shehas more than 60 pigs and sells the meat from a stallin Delhi.


A story of transformation

She can now afford to send five of her children toschool. In fact, the business is so successful she nowhas the credit history and confidence to approachcommercial banks for finance. During Ranjanis lastvisit, Sunita remarked I now need Rs. 50,000(A$1,220) to expand my business, not a small loan.

Sunita is a shining example of how microfinanceworks. In the hands of a determined woman, a smallloan can lead to a thriving business, a better life, andmost importantly, a brighter future for the nextgeneration.

Social Performance Management updateOpportunity Australias Social PerformanceManagement (SPM) program continues to expand,with seven MFI partners signing on to take part inthe next phase of the project.

SPM provides MFIs with practical tools to measurethe impact of microfinance in the lives of clients.Opportunity Australias SPM program also includesthe development of a client protection charter,ensuring that microfinance is provided in a sociallyresponsible way.

Grameen is assisting with improving themethodology, including streamlining dataprocessing.

There are currently opportunities to sponsor MFIpartners as they implement this program. If youreinterested in enabling a partner to track the

transformation of their clients, contact yourDonor Relations Manager for more information.

Sunita with her children at her small meat stall in Delhi.

With a thriving business, Sunita now has the confidence toapproach commercial banks for finance.


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Lea Angela traveled on an Insight Trip withOpportunity Australia in October 2009, visitingShikhar, Margdarshak and Cashpor. She shares herexperience below.

The first impression is the conditions in whichclients live and work are extremely limiting noelectricity, sometimes no running water, kerosenefires lit on dirt floors and one main room shared bythe whole family, for everything.

Some fortunately have the help of sons anddaughter-in-laws to help with the business or takecare of household duties. Others just manage to runtheir small enterprise singularly with newly foundskills and the chance for hope and dignity to offer awindow of opportunity for their children.

I asked one client if she felt empowered, and oncethe translator was able to find the right word, shereplied that her husband allows her to go to themeetings now.

The main benefit is in being able to feed, clothe andschool their children, which gives the womenimmense purpose and dignity. I realised that some ofthese brave women actually have moved beyondhope and are really excited about their visions fortheir future and their family.

I asked some women who were part of a lendinggroup whether they have any time to relax. There was

a resounding shake of the heads and muchprotesting. No. Some of the ladies work two jobs aswell as do all the work for the children and extendedfamily.

The MFI partners are efficiently run by wonderfulhuman beings, who are dedicated for the good ofothers rather than for financial gains. They are trueheroes who work tirelessly, going out into the urbanand rural communities to search for suitable clients tohelp. It is a step-by-step process: one person, and onefamily at a time to be reached and given fresh hope.

Lea AngelaOpportunity Australia supporter

DisclaimerThis report provides information about Opportunity InternationalAustralias program activity. Information is provided to us by ourimplementing partners and we believe it is a true and accuratereflection of program activity at the time of writing. Programs maychange in scope or be discontinued where our core operations areno longer fulfilling the intended outcomes. In this case,Opportunity International Australia may redirect funding to asuitable alternative program.


Postcard from the field

Margdarshak clients take part in a lending group meeting.

Gerry Rihs and Lea Angela in Delhi.


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1. Invest in the future of microfinanceBecome an Opportunity Investor and walkalongside Opportunity Australia as we implementand improve services to the working poor in India,Indonesia and the Philippines.

Invest in InnovationSupport OpportunityAustralias Social Performance Management program.$25,000 delivers expert consultants and practicaltools to provide more people with betteropportunities.

2. Sponsor clients in their journey outof poverty.You can sponsor 25-50 microfinance clients for$10,000. These clients will start or expand their ownsmall businesses and in doing so, bring hope to theircommunities. You can choose to support clients inIndia, Indonesia or the Philippines with life-changing loans.

3. Support the people who make

microfinance workWalking with TLM - Our partner TLM is building itscapacity to provide flexible, innovative financialservices and training to poor people in West Timor.

Double your impactPhilippines RenewalProgram -Three microfinance institutions and long-term partners of Opportunity Australia, ASKI, TSKI and

TSPI, are transforming into dynamic organisationsequipped to achieve greater social impact now andin the future. AusAID will match each dollar youdonate, doubling your impact.

How do you want to

change lives?

Thank you for your generous support.

Opportunity Australia needs your help to expandour community of supporters and continuechanging lives in India, Indonesia and thePhilippines. We would like to connect with morepeople like you.

Sharing your report with family, friends andcolleagues is an easy way to increase the impact ofyour commitment. You can inspire others to join uson the journey as we give a hand up to those livingin poverty.

To discuss how you might share your journey withothers, contact your local Donor Relations Manageror contact us on [email protected] 812 164.

More exciting opportunities tosupport clients and their families arecoming soon.

Share the journey

Microfinance can help parents give their children a chance ata brighter future.

Your support can provide the poor with enough capital to kick

start their businesses and work their way out of poverty.

Be the change you want to seein the world.

Mahatma Gandhi

IN02P2046ED0310

Minati, Rope Maker and Microfinance Client

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