Global Business Brigades Meeting October 27 , 2013

1. Global Business Brigades Meeting October 27, 2013

2. Updates • Five Guys Fundraiser:Monday October 28th (Tomorrow 5-8 p.m.) • 5 – 6 p.m. : BarblinEssien & Brandy Flowers • 6 – 7 p.m. : Victoria Arabskyj & Brandy Flowers • 7 – 8 p.m. : Tyler Drago & Brandy Flowers • Deloitte Event: Thursday November 7th in 112 Forest Resources (Time TBD) • Trip Application: $250 deposit due by 11:59 p.m. on November 30th • Next Meeting: Computer lab to set up Emowered.org accounts • Pre-Thanksgiving: The Cooke Tavern Soup Fundraiser: A girl scout cookie style sales fundraiser, in which members can sell soups to family and friends to raise money. Download the information sheet and order form to get started! Order forms with money are due by November 3rd. All purchases must be made in cash or check. (Checks must be written out to “Global Brigades Campus Council”.) Soups will be available for pickup and distribution before Thanksgiving break. All profits will go towards helping you pay for service trips abroad. Funds will be deposited directly into Empowered accounts by club officers. • Pre-Winter Break: Buena Vida Coffee: Optional mug sales (more details to come) • GB canning weekend fundraisers: Our third canning weekend will take place December 6th. All funds raised through canning will be divided evenly between the participants and put towards service trip costs.Sign-up: Canning Weekend 3 (12/6 - 12/8)

3. APPENDIX: MICROFINANCE MODEL

4. APPENDIX: MICROFINANCE MODEL

5. APPENDIX: MICROFINANCE MODEL 2 Savings Goal: To provide community members with financial literacy training as well as a secure place to store their money through the CDF’s Savings product Exit Dividends 6 5 Loans 4 Criteria Before Offering Savings: • Fair processes to identify and select leaders facilitated • Location for operations secured • Materials for operations provided including some office supplies (E.g. tables, chairs, safe box, file binders, general ledger, client profile sheets, savings slips and customer passbooks) • Leaders successfully completed training on basic accounting and CDF operations • Initial Grameen Progress out of Poverty Survey conducted in community • CDF services adequately marketed and promoted throughout the community • Community provided with basic financial literacy training • Global Brigades’ team discretion CDF Funds Shares 3 Savings Launch 2 1 1 Month 6 Months 6.5 Months 1.5 Years (1 FY from Shares) ~3-5 Years 1 Year Time since launch

6. APPENDIX: MICROFINANCE MODEL 3 Share Goal: To raise loan capital and to give community members opportunities to become shareholders in the CDF, allowing them to earn dividends Exit Dividends 6 5 Loans 4 Criteria Before Offering Shares: • ~40% of community adults have accounts • ~100 Cedis average savings per account • Community members trained on shares • 3 consecutive audits passed • Training CDF leaders • Offered twice before shares offered • Test knowledge through role playing scenario • Leaders selected as “Shares Marshals” • Global Brigades’ team discretion CDF Funds Shares 3 Savings Launch 2 1 1 Month 6 Months 6.5 Months 1.5 Years (1 FY from Shares) ~3-5 Years 1 Year Time since launch

7. APPENDIX: MICROFINANCE MODEL 4 Loans Goal: To provide community members with business development training and loans to start or expand their businesses Exit Dividends 6 5 Loans 4 Criteria Before Offering Loans: • ~50% of community adults have accounts • ~125 Cedis average savings per account • Community members trained on loans • 20% of community adults purchased shares • 5000 Available Cedis to loan (includes Share income and CIF) • Exemplary leadership and managerial excellence • 3 consecutive audits passed • Training CDF leaders • Offered twice before loans offered • Tests knowledge through role playing scenarios • Leaders selected as “Loan Marshals” • Global Brigades’ team discretion CDF Funds Shares 3 Savings Launch 2 1 1 Month 6 Months 6.5 Months 1.5 Years (1 FY from Shares) ~3-5 Years 1 Year Time since launch

8. APPENDIX: MICROFINANCE MODEL 5 Dividends Goal: To provide shareholders with dividends from CDF profits at the end of the fiscal year Exit Dividends 6 5 Criteria Before Offering Dividends: • 90% loan repayment rate • Community members trained on loans • 4 consecutive pop-up audits passed • 1 Fiscal Year passed since shares offered • Training CDF leaders • Offered twice before dividends offered • Tests knowledge through role playing scenarios • Leaders selected as “Dividend Marshals” • Board of shareholders have met with CDF leaders to discuss profit, decide on retained earnings and determine the date for distributing dividends to shareholders • Proper accounting procedures in place to allocate interest income in the following manner: • 40% Dividends • 30% Capitalization • 20% Reserve • 10% Social Fund Loans 4 CDF Funds Shares 3 Savings Launch 2 1 1 Month 6 Months 6.5 Months 1.5 Years (1 FY from Shares) ~3-5 Years 1 Year Time since launch

9. APPENDIX: MICROFINANCE MODEL 6 Sustainable Exit Goal: To provide the community with access to financial services, financial literacy, and opportunities to develop their community through the Community-based bank Operational Metrics Before Exit: • Successful transition of auditing and advisory functions to the Centralized Development Bank • Successful leadership transition • Youth represented in CDF (E.g. interns) • CDF sustainably profitable to cover administrative costs, compensation, and social fund initiatives • 6 pop-up audits passed Exit Dividends 6 5 Loans 4 CDF Funds Impact Metrics Before Exit: • # of people trained on financial literacy and business development • 75% of community adults have savings accounts • 95% savings account client retention rate • Average of 200 Cedis per savings account • Average deposit rate • 95% loan repayment rate • # of shareholders • ~7000 Cedis in loan capital • Community benefited from at least one (1) Social Project • # of microenterprises financed • # of outstanding loans • # of active borrowers • # of jobs created • % increase in per capita household income • % decrease in per capita household expenditure • Final Grameen Progress out of Poverty Survey improvements • Global Brigades’ team discretion Shares 3 Savings Launch 2 1 1 Month 6 Months 6.5 Months 1.5 Years (1 FY from Shares) ~3-5 Years 1 Year Time since launch

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