Using the power of social business to empower families living in extreme poverty to create sustainable wealth for themselves and jobs for their communities.
Grameen Australia builds on the legacy and proven model of Nobel Peace Prize winner Professor Muhammad Yunus and the Grameen Bank in Bangladesh.
Funds raised: $66,800
Grameen Australia presented at The Funding Network in Sydney on 10 March 2016 to provide the poor of metro Manila access to business training, micro-insurance and affordable capital with which to start or scale a micro-business - increasing household income (and savings) and supporting children through education.
Marlyn Exito's life faced upheaval 5 years ago when she and her entire family (a husband and 3 children) had to leave their home of many years and move to Montalban. Many would have given up but Marlyn had one dream to fulfill – an education for her children. Marlyn started out operating a small store but she knew she could do a lot more. With Grameen Australia's Manila Social Business Hub’s loan (approx. $160 available at an affordable interest rate), plus access to training and business education, this small store eventually grew and Marlyn started a bakery business. Two of her children have now graduated college, while the third is supported from her business income - and today, Marlyn is happy to call Montalban 'home'.
This government resettlement area is now home to families from riverbank danger zones where people have lost their homes, livelihoods, and communities. The new centre will provide microcredit, business training, and mentoring for at least 30 new entrepreneurs.By 2016 year end, 44 micro-entrepreneurs were funded by Grameen (enabling 100+ children to remain in school) - with 82 entrepreneurs currently receiving ongoing business training and mentoring, Grameen Australia's program in the Philippines is true empowerment for the poor of Manila to lift themselves out of poverty.
Read their Impact Report