The nine Oxfam pilot programs are in the final stages or are progressing well. A major achievement is in Ethiopia, where the risk management pilot program for teff (cereal grain) farmers is growing rapidly. The number of participating households grew from 200 to 1,300 in 2010 with additional crops--barley and wheat--also insured. The program seeks funding to scale up to 13,000 households in 2011. To explore the expansion possibilities, Oxfam America and Grameen's program, Bankers without Borders, are forming a collaboration in which a team of volunteers will develop a tool to assess the viability of new countries in which the Oxfam risk management model could operate. Another major achievement was that the National Climate Change Forum in Ethiopia has now become an independent organization, having engaged over 21,000 citizens in 2010.
Grameen Foundation made significant progress in demonstrating the value of social performance management, and specifically the Progress out of Poverty Index, in assessing and tracking microfinance clients' movement out of poverty. In Asia, the Grameen Foundation team worked with the Microfinance Council of the Philippines and Oikocredit Philippines to train local microfinance institutions (MFIs) and with Plan International Asia, which has trained MFIs in Nepal and Vietnam. Grameen Foundation also launched an online peer-learning network in India. Working with the Association of Ethiopian Microfinance Institutions, the team created a year-long technology training program to help microfinance institutions (MFIs) better integrate technology into their business plans and operations. In Ethiopia, Grameen also expanded its human capital management work and are helping second MFI assess and strengthen its 'people practices.' Additionally, Grameen provided more than $577,000 in funding to MFIs in Ghana and Kenya through its Pioneer Fund which supports socially-focused organizations working in remote areas or using innovative products for the poor. This has facilitated more than 4,300 microloans.
- Ms. McKinley and Mr. Miller have personally invested more than $9 million in the work of Oxfam and Grameen Foundation
- Corresponding investments have been made by both organizations and other individuals
- $4.1 million was committed to nine innovative Oxfam programs including: 1) training in System of Rice Intensification (or SRI) reached over 250,000 farmers in 21 provinces across Vietnam with increased yields and lower inputs; data shows they were able to earn an additional $137 per acre per season using SRI method; 2) irrigation and production training in Ethiopia; 3) economic development through eco-tourism and plant production in Peru; 4) seed production and storage in Zimbabwe; various climate change adaptation initiatives including: 5) planning for 200,000 Malian cotton farmers to become pilot measures in Mali National Adaptation Plan; 6) weather forecasting for Cambodian rice farmers; 7) irrigation, pasture recovery, veterinary surveillance and early frost warning for alpaca farmers in Peru; 8) piloted first phase of weather insurance for teff farmers in Ethiopia reaching poorest and women who purchased at market rates (this project was highlighted at 2009 CGI); 9) launched the National Climate Change Forum in Ethiopia and engaged 21,000 people directly in the process.
- Funding supported Grameen Foundation's new Bankers without Borders initiative, which taps senior working professionals for short-term, field-based or remote skills-based projects supporting microfinance institutions (MFIs) and technology-for-development initiatives. In addition, Grameen Foundation provided sectoral support for MFIs in India, including workshops on structured financial products for CEOs/CFOs, gap analysis of the internal audit structures at several Indian MFIs and a market survey of existing resources for mid-level managers. Finally, it continued to expand the work of its Human Capital Center and conducted organizational assessments at two MFIs in Indonesia and Nigeria.
- Invested a total of $7.5 million in the work of Oxfam and Grameen and corresponding investments have been made by both organizations as a result of the funding provided.
Janet McKinley and George Miller have personally invested a total of $5.45 million in the work of Oxfam America and Grameen Foundatoin USA.
- As of March 2006, an investment of $428,000 has been made on the $5 million commitment to Oxfam America, representing $178,000 additional since December 2005.
- As of March 2006, a total investment of $1.6 million has been made on the $5 million commitment to Grameen Foundation USA.
- The first $250,000 out of a $5 million pledge to Oxfam America was made.
- To date, $1.6 million of the $5 million pledge has been paid to Grameen Foundation USA (GFUSA).