2014 – 2015

ANNUAL REPORT

WHEN MICRO GOES MOBILE

Grameen Foundation harnesses the power of mobile technology to deliver a vital mix of financial, agricultural and health services and information to the world’s poorest people. Our innovations enable women, smallholder farmers, and poor communities to build their assets, start small businesses, educate their children, protect their health, and strengthen their resilience.

Through combining digital expertise, local knowledge, and strategic partnerships we drive innovations that address specific needs of poor households, and enable families to thrive.

Grameen Foundation began in 1997, inspired by the work of Nobel Laureate Professor Muhammad Yunus and the Grameen Bank. Their microloans sparked innovation among the poorest of the poor, paving new paths to prosperity. 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.

ABOUT GRAMEEN FOUNDATION

www.grameenfoundation.org

RIGHT: A Grameen Foundation Community Knowledge Worker examines coffee berries in Uganda. (Credit: Grameen Foundation)

WHEN MICRO GOES MOBILE

TABLE OF CONTENTS

LETTERAlex Counts, Founder, and Steve Hollingworth, President and CEO

ORGANIZATIONAL CHANGE AT GRAMEEN FOUNDATIONMessage from Robert Eichfeld, Chairman of the Board

OUR PROGRAMS

TOOLS AND PROGRAMS FOR THE ANTI-POVERTY COMMUNITY

GRAMEEN FOUNDATION BOARD & EXECUTIVE LEADERSHIP TEAM

FINANCIALS

FAMILY OF SUPPORTERS

BANKERS WITHOUT BORDERS VOLUNTEERS®

TAKE ACTION

CONTACT

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It depends not only on digital expertise, but also on aligning the interests of resource-poor farmers, women, and partner institutions that can ensure innovative technologies reach all those who can benefit.

Our lessons and successes over the past year have further demonstrated the power of mobile technology in advancing financial inclusion, increasing farmers’ incomes and resilience, and improving health.

These successes have only been possible with the support of our donors and partners – and we deeply thank you.

SignatureAlex Counts, Founder

SignatureSteve Hollingworth, President and CEO

In 1997, when Grameen Foundation was launched, more than one in three people in the world lived in extreme poverty. Today, that rate stands at under 15 percent. But, while remarkable, this progress also masks a more complex reality. Poverty rates are falling unevenly across countries, leaving pockets of persistent poverty that will likely be much harder to uproot, and income inequality has deepened. The burden of poverty also falls more heavily on women, as gender discrimination means that women have far fewer resources with which to cope.

To close these gaps and to end extreme poverty, the world’s poorest people need access to life-changing financial, agricultural, and health information and services. Today, digital and mobile technology offers unprecedented opportunities to expand such access and to help poor families end generations of poverty. Realizing this potential remains at the core of our mission.

As we look back on the past fiscal year, from April 2014 through March 2015, we are struck by the committed partnerships and pure grit involved in enabling mobile technology to truly serve the poor. Although it is relatively easy to build a cell phone application, it is far more challenging to design and roll out mobile technologies that meet the needs of women and men at the base of the economic pyramid.

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LETTER FROM ALEX COUNTS, FOUNDER, AND STEVE HOLLINGWORTH, PRESIDENT AND CEO

LEFT: A coconut farmer in the Philippines inspects a tree for damage. (Credit: Grameen Foundation)

Fiscal year 2014-2015 was one of transition for Grameen Foundation. It marked the last full year that founder Alex Counts served as President and CEO before transitioning those responsibilities to Steve Hollingworth.

Grameen Foundation staff work every day with organizations in the throes of change, as they adopt new technologies and ways of functioning, so we know the personal and organizational resources that make such change successful. We are thankful for Alex’s long tenure and visionary leadership, as he remains actively engaged as our Founder.

We look forward to building on the achievements of Grameen Foundation’s first 18 years, during which its innovations and partnerships benefitted 25 million people.

Our focus now, as when we began, is improving life for the world’s poorest people. We continue to draw inspiration from the work of Professor Muhammad Yunus, who founded the Grameen Bank in Bangladesh in 1983 to serve the poorest of the poor.

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ORGANIZATIONAL CHANGE AT GRAMEEN FOUNDATION MESSAGE FROM ROBERT EICHFELD, CHAIRMAN OF THE BOARD

Moving forward with President and CEO Steve Hollingworth; a seasoned leadership team; a staff unsurpassed for its talent and dedication, and our invaluable partners and donors our goal is to measurably benefit the lives of 25 million more people by 2025.

SignatureRobert Eichfeld, Chairman of the Board

When microfinance goes mobile, possibilities abound. And it’s not only financial services that can be widely delivered to underserved communities. Agricultural and health information, services and training can all go digital.

A look at our three major programs: Financial Services, Mobile Agriculture and Mobile Health show how Grameen Foundation’s innovations have made a difference over the past year. Working directly in Colombia, Ghana, India, Kenya, the Philippines, and Uganda we have tackled key challenges to promote progress out of poverty.

Along the way, we have strengthened the ability of institutions to serve the poor, and built networks of local trainers who bridge the gaps in comfort or trust that arise when people adopt new technologies or engage with unfamiliar institutions.

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OUR PROGRAMS

RIGHT: In Colombia, we provide information and training to help farmers improve their yield. (Credit: Alexander Rieser for Grameen Foundation)

The rural poor make up 90 percent of people who live on less than $1.25 per day. They typically lack basic financial services. Microloans, secure ways to save or make payments, and crop or health insurance are largely beyond the reach of some two billion people around the world.

But such financial access can be transformative—and can now reach millions more through mobile-enabled innovations.

As the 2014 Global Findex Database report notes, “When people participate in the financial system, they are better able to start and expand businesses, invest in education, manage risk, and absorb financial shocks.”

Grameen Foundation works with microfinance institutions, banks, mobile network operators and others to create, test and scale digital financial solutions that meet the needs of poor families and women.

LEFT: With mobile banking services, microfinance clients like Kusum in Uttar Pradesh, India, can bank safely. (Credit: Grameen Foundation)

[ ]Through our Microsavings for the Poor program, we engaged 922,000 new savers in the Philippines, Ethiopia, and India, from 2009-2013, pioneering the use of digital money.

DIGITAL FINANCIAL SERVICES FOR THE POOR

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TRIPLE LOCKS FOR GROUP SAVINGS IN UGANDA

“They [the members] like the security so much, since it’s just a SIM card that is being used. It is impossible for a thief to know that you have money kept on it — not like those big boxes, where anyone could see that you’re carrying money and hence rob you.”

— Namwase Sara, Kiyunga Youth Drama Group, Uganda

Almost a third of Ugandans use informal village savings groups because they are more convenient than formal bank accounts. Group members regularly save a fixed amount, sometimes as little as 20 cents a week, and savers can take out small loans. A triple-locked metal box stored in members’ homes typically holds these savings.

Working with two Ugandan institutions, Airtel Uganda and Plan Uganda, Grameen Foundation developed Airtel Weza, allowing savings groups to store their cash on a phone as mobile money. To provide group-level security, it requires each of three group members to enter individual pin numbers for withdrawals. The three also receive SMS confirmation

messages for each transaction. Within less than a year of its launch in April 2014, more than 250 groups (6,250 subscribers) in Uganda had registered for the service.

Also in Uganda, the Mobile Money Accelerator Program, funded by the Bill & Melinda Gates Foundation, enabled two financial institutions—Pride Microfinance and Centenary Bank—to extend their services to 121,000 Ugandans. Grameen Foundation partnered with the local technology company Cellulant to design a system that enables pro-poor financial institutions to plug into networks of mobile money operators. This allows customers to make deposits or payments via mobile money, simply by visiting their local mobile money agent. It saves users travel costs and time and reduces the security risks of carrying cash long distances.

ABOVE: Aminah Naigaga, 21, belongs to a local savings group in Eastern Uganda. With loans from the group, she paid for school fees, started a samosa business and bought a cow. Using Airtel Weza, the group’s savings are secure, and its members no longer need to travel 13 miles to the nearest bank. (Credit: Grameen Foundation)

[ ]Beginning in 2014, our Digital Financial Services program in Uganda has enabled 121,000 people to access digital products, increasing efficiency and decreasing risks for both clients and financial service providers.

INDIA’S RURAL WOMEN GET CONNECTED

The formal banking system does not reach most poor citizens in India. Only about 35 percent of adults—and 26 percent of women—have an account at a formal financial institution. Formal bank branches are distant from most poor rural communities, and banks have few incentives to build branches to serve poor and widely dispersed populations. On the other hand, many field-based microfinance institutions (MFIs) don’t have enough capital to meet the needs of all the people living in poor rural areas.

Grameen Foundation’s recent work in India is expanding financial inclusion for the poor by combining the strengths of commercial banks and of field-based microfinance organizations. We are working the MFI Margdarshak to transfom its network of field-based agents into “Business Correspondents” who can represent far-better resourced commercial banks.

The program is reaching out to 40,000 new customers, most of who are poor women in Uttar Pradesh, a state where three-quarters of the population lives on less than US$2.50 per day, and is scattered across 100,000 villages.

The project builds on previous Grameen Foundation work with the Indian microfinance organization Cashpor, which reached 150,000 new savers in Bihar State.

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ABOVE: Sonata and Grameen Foundation are teaching women in Uttar Pradesh, India, how to repay microlans via mobile phones. (Credit: Grameen Foundation)

[ ]Grameen Foundation and our partner Cashpor engaged 150,000 of the rural poor in microsavings plans in Bihar State, India. We are now working with the microfinance institution Margdarshak to bring financial services to nearly 40,000 people, most of them women living on less than US $2.50/day in Uttar Pradesh.

SARI-SARI STORES OFFER DIGITAL IN THE PHILIPPINES

Of the Philippines 7,107 islands, more than one-third have no banking infrastructure, and only one-in-five people living in rural areas has an account with a financial institution. On the other hand, there are more than 500,000 registered “sari-sari” stores—the “mom and pop” stores of the Philippines, where rural people purchase goods daily. These locally accessible stores could serve as decentralized hubs providing mobile money and digital financial services.

To realize its vision of financial inclusion across the Philippines, Grameen Foundation is continuing its work with CARD Bank, the Philippines’ largest microfinance institution. Our partnership previously extended microsavings accounts to 481,500 people. The added security that formal savings services provides can be the difference between surviving an emergency — whether a natural disaster or a healthcare problem — and losing everything to it.

In 2014-15, we collaborated on a new program to help CARD provide mobile banking services that will enable its clients to repay loans, make payments, and conduct other transactions through a network of mobile agents, many based at sari-sari stores.

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ABOVE: There are 500,000 registered sari-sari stores across the Philippines, whose operators can serve as agents providing digital financial services to people in poor communities. (Credit: Grameen Foundation)

[ ]“Using this technology, everything becomes easier.”

– Lourdes, fish vendor, Philippines

The ability of the world’s 500 million smallholder farm families to improve their productivity, connect to markets, and adapt to climate change will make the difference between a food secure world, and one that is increasingly hungry and malnourished. Yet many poor farmers—and especially women—have limited or no access to information or financial resources to improve their livelihoods.

We work with governments, the private sector, farmers’ associations, and civil society to empower farmers with relevant and timely information and financial services. Mobile programs also link farmers to large-scale buyers, enabling them to expand their farm enterprises and build their assets.We deliver these mAgriculture programs through community-based networks of advisors who are trusted by farmers.

LEFT: A technician from a coffee cooperative in Medellín, Colombia, reviews plans with a farmer. (Credit: Grameen Foundation)

[ ]Our backyard garden project in Colombia has reduced food insecurity from 15 percent to 4 percent among participating households. This represents monthly savings equivalent to approximately US$25.47 per family—or 28 percent of their food expenses.

mAGRICULTURE SERVING SMALLHOLDER FARMERS

COMMUNITY KNOWLEDGE WORKERS LEAD IN COFFEE FIELDS

Meanwhile, through Lideres Productores, Community Knowledge Workers in Colombia work with coffee farmer cooperatives, increasing their productivity, connecting them to viable markets and helping them attain Starbucks’ C.A.F.E. (Coffee and Farmer Equity) certification for sustainable production practices. This certification enables farmers to sell to larger, better-paying coffee buyers.

As a Community Knowledge Worker, I feel confident making technical suggestions to other coffee farmers. Women farmers see me as an example to follow. Having women Community Knowledge Workers empowers women and the community.

– Mabel, Community Knowledge Worker, Colombia

DYNAMIC & DIGITAL AGRICULTURE IN GHANA

We expanded our mAgriculture initiative to Ghana, where we work with Farm Radio International and Digital Green to increase food security for farming communities in five regions. Together, we disseminate information on best agricultural practices and crops through mobile phones, radio, videos and agricultural extension officers that visit the communities. The project is supported by the New Alliance ICT Extension Challenge Fund, whose donors include the U.S. Government’s Feed the Future initiative through USAID and UK-Aid in the United Kingdom.

BACKYARD GARDENS FIGHT HUNGER IN COLOMBIA

“I like that I am constantly learning and my mother is very proud of me.”

– Jessica, Community Knowledge Worker, Colombia

Though farming is the backbone of Colombia’s economy, many poor families cannot get affordable, quality food and earn little from their crops. We work with the provincial Government of Antioquia to improve food security through MANA, a community backyard garden project supported by the Food and Agriculture Organization of the United Nations (FAO). In addition, we help small-scale farmers grow more produce to sell in larger markets.

Using mobile phones and our TaroWorks™ app, government technicians collect information on food production across the community, and specially designated advisors train farmers on agricultural best practices. This has increased the supply of quality food in the community and enabled poor farming families to increase their incomes.

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Globally, more than one-third of people do not have access to healthcare, and, every year, catastrophic health costs push about 100 million people into poverty. It is estimated that the effective delivery of health care to all will require an additional 10.3 million health workers. Educating this vast cohort will take time and resources that are not yet fully in hand. But mobile technology can help.

Grameen Foundation uses mobile phone technology to extend health services to poor populations: educating pregnant women and mothers about safe delivery and nutrition; and training community-based health workers to diagnose, treat, and monitor a range of conditions.

LEFT: Collecting patient information via mobile phones gives nurses in Ghana more time for patient care. (Credit: Bill & Melinda Gates Foundation)

MOBILE HEALTH

[ ]Organizations in 15 countries are using MOTECH, Grameen Foundation’s mHealth platform. In India, MOTECH aims to reach more than 10 million pregnant women and mothers, and train more than 1 million healthcare workers by 2018.

HEALTH ON THE GO IN GHANA

“My volunteer alerted me using the mobile app about a woman who had a home delivery but had the placenta in the womb for hours... For me, that timely communication I received from the volunteer contributed to saving the life of the woman.”

— Stella Nuque, Community Health Nurse; Dokploame CHPS Compound

In Ghana, roughly one in 13 children dies before age five, and risk is highest during the first month of life. Our early work in mobile health included Mobile Midwife and Nurses Application in Ghana, which informed 24,000 pregnant women about safe motherhood and used mobile phone technology to help health workers better serve those women.

In 2014-15 we followed this work with the CHN on the Go (Community Health Nurse) app, piloted with Concern Worldwide, John Snow International and the Ghana Health Service. Its up-to-date medical reference and training guides provides professional development and support for nurses working in remote areas.

SCALING mHEALTH THROUGH MOTECH

The core technology for Mobile Midwife became the basis for MOTECH, an open-source tool to standardize and simplify mobile health programs globally. MOTECH is powerful enough to reach millions of people, and to inter-operate with national information and health systems. It works across key health service areas: behavior change, managing patient data, improving

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worker performance, strengthening last-mile supply chain, and improving patient adherence.

In 2014-15, our largest MOTECH program was in India, where we worked with the national government of India and BBC Media Action to pilot a program that will offer information services on maternal and child health to more than 10 million pregnant women and mothers of newborns, and train more than 1 million health care workers who serve them.

ABOVE: Community health worker Manju Kumari advises Chandrika Devi on how best to care for her 15-day-old infant. Using MOTECH, Manju shares health advice delivered over her mobile phone through videos, graphics, and voice messages. Manju is part of the Ananya program run by CARE in the Indian state of Bihar. (Credit: Bill & Melinda Gates Foundation)

Grameen Foundation has developed tools and incubated organizations that support the entire community of poverty-fighting organizations. Hundreds of groups used these open-source, low-cost tools in 2014-15 to improve decision-making, collaboration, and impact tracking; to make service delivery more affordable and efficient; and to access finance.

BANKERS WITHOUT BORDERS® (BWB)Launched by Grameen Foundation in 2008, BwB is now the world’s largest reserve corps of professionals dedicated to social enterprise. Through collaborations with Fortune 500 companies such as JPMorgan Chase, Google and Wells Fargo, and through individual volunteer recruitment, BwB attracts a global talent pool of volunteers who provide consulting, coaching, and training services to over 210 social enterprises worldwide focused on poverty reduction. Since 2008, BwB volunteers have provided 279,000 hours worth $15.4M for 1,128 projects around the world.

GROWTH GUARANTEE PROGRAMBetween 2005 and 2015, this loan guarantee facility launched by Grameen Foundation facilitated $235 million in commercial capital to poverty-focused microfinance institutions and enabled more than 1.2 million people to receive microloans.

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TOOLS AND PROGRAMS FOR THE ANTI-POVERTY COMMUNITY

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PROGRESS OUT OF POVERTY INDEX® (PPI®) Building on Grameen Bank’s “10 Indicators of Poverty” that brought rigor and mission accountability to measuring the poverty reduction outcomes of its microfinance work, we developed a generic tool now used in dozens of countries for poverty measurement. As of March 31, 2015, at least 350 organizations were using the PPI. Together these organizations serve 133 million beneficiaries.

TAROWORKSTM

Since 2013, 65 social enterprises and nonprofits across 30 countries have used TaroWorks software to support 171,400 poor micro-entrepreneurs and improve the lives of 3.3 million poor beneficiaries. TaroWorks software enables organizations working in remote areas to collect data, monitor their impact and manage field operations in real-time using mobile devices. Grameen Foundation launched TaroWorks as an independent wholly owned LLC subsidiary in May 2015.

BOARD OF GRAMEEN FOUNDATION 2016Robert Eichfeld, ChairPeter F Cowhey, Vice ChairRicki Tigert Helfer, Vice ChairBeverly ArmstrongPeter BladinCarlos FonsecaVikram GandhiJim GreenbergPaul HilalSteve HollingworthNelson MattosRosanna Ramos-VelitaElisabeth RhyneDavid RussellPradeep SinghZubyr SoomroEleanor WagnerSi White

Emeritus MembersSusan DavisPaul MaritzMuhammad Yunus

FounderAlex Counts

BOARD EXECUTIVE COMMITTEE

Bob Eichfeld, ChairPeter Cowhey, Vice-ChairRicki Helfer, Vice-ChairSteve Hollingworth, President/CEOEleanor Wagner, TreasurerElisabeth Rhyne, SecretaryRosanna Ramos-Velita, Member

GRAMEEN FOUNDATION EXECUTIVE LEADERSHIP 2016Steve HollingworthPresident and CEO

David EdelsteinDeputy CEO

Joshua TrippChief Operating Officer/Chief Financial Officer

Camilla NestorSenior Vice President, Programs and Regions

Steve AndersenChief Technology Officer

Patricia DevereuxVice President, External Affairs

Julia SoyarsGeneral Counsel and Assistant Corporate Secretary

Norm ToninaSpecial Advisor to the Business Management Team

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Grameen Foundation’s work is driven by our belief that everyone deserves a chance to achieve their full potential. Our core values—which champion innovation, embrace partnerships and respect local ownership and entrepreneurship—guide us. Working together with our partners, Grameen Foundation has already benefited some 25 million people, and our goal is benefit 25 million more by 2025.

PROGRAM EXPENDITURE

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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION [ AS OF MARCH 31, 2015 ]

Contributions and grants 17,322,284

Program revenues 2,694,522

Government grants 944,041

Interest and investment income 195,823

Loan interest 175,431

In-kind contributions 4,870,819

TOTAL SUPPORT & REVENUE 26,202,920

EXPENSESPROGRAM SERVICES

Regional services 1,999,040

Financial services 5,782,775

Information access 8,936,564

Poverty tools 3,385,736

Public education 744,076

Total program services 20,848,191

SUPPORTING SERVICES

Management and general 4,558,283

Fundraising 263,166

Total supporting services 4,821,449

TOTAL EXPENSES 25,669,640

Changes in net assets before other items 533,280

HOW YOUR DOLLARS ARE SPENTSUPPORT AND REVENUE

SOURCES OF CONTRIBUTION

TOTAL EXPENSES

TYPE OF FUNDING

Foundation

Corporation

Other Nonprofit

Household

Government/Multilateral

39%

22%

19%

10%

9%

Information Access

Financial Services

Poverty Tools

43%

28%

16%

Regional Services 9%

Public Education 4%

0.7%

0.7%

4%

Contributions & Grants

In-kind

Program Revenues

66%

18.6%

Government Grants

10%

Investment Income

Loan Interest

Programs

Management and general

Fundraising

81%

18%

1%

LIFETIME $1,000,000+

American Red CrossBarclays BankBill & Melinda Gates FoundationChiapas InternationalCisco Systems FoundationCisco Systems, Inc.Citi FoundationConcern WorldwideCraig and Susan McCaw FoundationDimagiDKT InternationalJohn and Ann DoerreBay FoundationFord FoundationFund for the Poor, IncJohnson & JohnsonJP Morgan Chase FoundationMarie Stopes InternationalPaul and Yaffa MaritzRick and Mahasti MashhoonMasterCard WorldwideJanet McKinley & George MillerMichael and Susan Dell FoundationOmidyar NetworkQualcomm IncorporatedDavid and Susan RussellThe MasterCard FoundationU.S. Agency for International DevelopmentYeardley Smith Foundation

$1,000,000+

Bill & Melinda Gates FoundationDimagiDKT International

Johnson & JohnsonJP Morgan Chase FoundationMasterCard WorldwideU.S. Agency for International Development

$500,000 - $999,000

Concern WorldwideeBay FoundationMarie Stopes InternationalMetLife FoundationQualcomm Incorporated

$100,000 - $499,999

Barclays BankCapital GroupChiapas InternationalCisco Systems FoundationCisco Systems, Inc.Citi FoundationClifford Chance FoundationFord FoundationGSM AssociationJanet McKinley & George MillerThe Moody’s FoundationOverseas Resources FoundationDavid and Susan Russell

$50,000 - $99,999

CGAPVikram Gandhi*Government of Antioquia, ColombiaKeith and Mary Kay McCaw Family FoundationRicki and Michael HelferRock Paper Scissors Foundation

Salesforce FoundationThe Rumsfeld FoundationWilbur and Jane QuintYeardley Smith Foundation

$25,000 - $49,999

Chris DooleyCraigslist FoundationDeborah Fink and Wilmer WilsonLauren Katzowitz ShenfieldThe Kaphan Foundation*Eugene and Carol LudwigDonald Mankoff and Neelam PatelNethope River Star FoundationSteve and Lexy ShroyerPradeep and Rubie SinghWorking Assets

Opportunity Makers$10,000 - $24,999

Bladin and Lou Family Advised FundBochnowski Family FoundationMatthew and Karen ByronCharles and Roberta Katz FoundationLoreto CrisorioStephen and Heather DavisDelta: A California CorporationHoward and Sara Ann ErichsonRobert FriedeSusan Karp and Paul HaahrJoseph Higdon and Ellen SudowHenry Wendt Family Foundation*Holzer Family FoundationHope for Poor Children

Foundation*Dorothy LargayThe Linked Foundation*Kumar Mahadeva and Simi AhujaNelson MattosJanet McKinley and George Miller*Stephen and Stephanie MehlisBette MoormanMariana MoreauDavid SivakPaul and Pamela RobbRockefeller FoundationRoger and Susan Stone Family FoundationSchwab Fund for Charitable GivingAbby Sher*Carolyn Surgent and Jacques FriedmanSuja Thomas and Scott BahrTomberg Family PhilanthropiesEleanor Wagner

$5,000 - $9,999

Cynthia Britt MandellBT Rocca Jr. FoundationCarita FoundationCharles and Gail Muskavitch FoundationRobert CloutierPeter Cowhey and Margaret McKeownDavid and Nathalie CowanDianne Smith Goggan Family FoundationRobert and Lore EichfeldFitch RatingsRobert Geary

FAMILY OF SUPPORTERSYou – our family of supporters – are responsible for the amazing accomplishments of Grameen Foundation. We are immensely grateful for your support and partnership in our work.

LIST OF SUPPORTERS (JAN 1, 2014 – MARCH 31, 2015)

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Jean BaroletDavid BarradHenry and Debbie BaskinLinda BellamaNathan BelofskyWilliam Benac Andrea BenferKeith BernsteinHelen BettsBFK Foundation, Inc.Rakesh BhallaJaime BiscegliaBishop FamilyZachary W. BohlerJeffrey BonvallatBronwyn BowenCharles and Joan BrownWillard BrownSheila BurrisJohan BuysPaul and Carol CaldronMike and Laura CarnsJoel CarpAlan and Janan CarterMarilyn CaufieldStephen and Lani CavitSharyn and Vincent CernigliaJoanna Chapin Brian ChauBernard George and Lea Ann ChenSusan and Ronald ChoyRichard Clampitt and Rachel HurstJacqueline ClarkSusanne and Benjamin ClarkDimitri and Myrto CocconiAlex Counts and Emily Wainwright

Samuel CoxeMargaret CrandallMargaret CroneDawn and Thomas CrottyC. CryerMichael Curtin and Audrey IchinoseTim J. CutlerScott DaleyAnn and Anthony Davies Susan Davis and Claudia SlacikAlice DavisonDavis F. and Sara K. Weston FundElizabeth DenisonStephen DenningerBen and Christine DiehlFiroz DosaniGordon and Beverly DukerscheinSuvro DutaRoni EfronWilliam and Roberta ErwertRobert and Viola Everett Jennifer FarringtonAdam FassDan and Julie FeuerbornRobert FingerCarlos and Elena FonsecaCharles and Elizabeth FloodJoseph FoleyNed FreedSusan FreemanMichael Frerker and Allison ParkJames FritzTyler FultzLinda GarbersonJeremy GeddertBob Gerber

Joseph GilesGlein Family FoundationThe Glenn FamilyGlobal ImpactRichard and Christine GreekMark GreenJim and Lisa GreenbergSadja GreenwoodJohn and Tiana GrgurinaGuerrant FoundationAndrew and Teresa Gunther Giselle HagenmayerJoe and Luisa HamiltonMaroof HaqueLois HarringtonWinston HendersonDaniel HeppRonald and Glenda HerzogJohn HirschiSteven S. HogeIBM Employee Services CenterImpactAssetsInn Touch in Key WestInstitute of International EducationHarold and Lyn IsbellHerbert Jalowsky and Joanne O’BrienAndrew JelmertJoe Elman Memorial FundKoshy JohnAndrew JohnsenKaren JohnsonRony JosaphatNina KangMary KantorLynn KaufeltStanley and Maureen KayesMax Keller

Michael KempJohn Kennedy Michael and Karen KennedyBen KermanThe Key FoundationShen KhanMichael KieschnickMegan KieselNamsik KimPaul and Diane KolakThomas and Juna KrajewskiKuljian TrustPranish and Maria KumarJean Lawrence and Peter PetriLawrence E. Irell & Elaine Smith Irell FoundationJohn LipskyMarilyn and Lawrence LevyBrian and Amy Maas Marvin and Jane MaasKaren MackoLena MalikBruce and Cindy MarkeyMaxine MarronLuAnn MarzJon McAlisterErin McConaheyMcKinsey & Company, Inc.Micky McKinleyMedtronicThomas and Michelle MelsheimerEmalyn MercerJonathan Mooser and Sara Brannin-MooserHarold and Karen MortensenJames MortonAndreas MunoSuresh and Meera Muppalla

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Michael and Anne GermainHenrik GwinnerJan Hatzius and Linda-Eling LeeMonwhea JengKeith Kiernan FoundationBruce and Susanne LandauElizabeth A. LatshawChristian LouboutinLouis C. Skinner, Jr. FoundationTimothy and Stacy LutzMotley FoolKiran and Jigisha PatelPrudential FoundationRosanna Ramos-Velita and Hans LevinJoel Rubinstein and Sylvia SabelJulian and Ruth SchroederSteve SerraPrasad and Shoma SettyMichael and Carolyn SmithReginald SmithPatrick SullivantThe Leonora Foundation, Inc.Tom TappGene UlrichMarsha Whitmarsh KleinSi White and Cathy Pendo

$1,000 - $4,999

Amanda AckermanShantanu Agrawal and Kavita ParikhNina Ahluwalia and Scott JunttiThe Alan L. Blum Family FundJohn and Sharon AmdallAvie Consulting, Inc.Elizabeth AyerNelson and Judy Bard

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Jim and Fran NaylorJohn NeeleyUrsula NeuburgerBrian and Robyn Nordstrom LaneThe Oak Tree Philanthropic FoundationDavid and Gwenda OethChikai OhazamaTheresa O’LearyRobert and Deborah Oliver Joshua OlkenCory and Diane OlsonDamon and Kimberly OshitaLee OwenPhil, Linda, and Zane PaceUnion PalenshusMarcia ParryVikas and Lois PassiThe Patterson FoundationNick PavlinaMatthew PfileThe Philip Devon Family Foundation, Inc.Philip J. and Carol J. Lyons J. Edson PintoJohn PooleJanniah and Shanti PrasadColm and Rena PrendergastJames ProtzThe Rabahy FoundationJay Rahman and Laura LaBergeAnn and Jerry RaischLarry ReedGerald and Hannah ReesJohn M. RenfroFrank ReuterRGF Family FundKaren F. Rhodes

William and Pamela RhodesElisabeth RhyneRichard and Lois Gunther Family Foundation Cornelia von Rittberg Virginia RogersMonica RohrerJoel RossBirendro Roy Paul and Joyce RyanChristian de Saint-RomeJames and Betty SamsRajwinder SandhuGary R. SchindlerDavid and Judy SchubertBrian Schwartz Christine Ann ScovillChandra SekharDavid ShenWilliam ShieldsCandace and Clinton Shock Kenneth and Siew-Bee HartmanD. Wayne Silby Jason SimmonsAman SinghSnyder White Oaks of Delaware FoundationMark Sommerfeld and Elaine HoveDonald and Ui Soon NatenstedtElizabeth SparksJohn Stadler and Emily KingsleyJim StewartRonald and Elizabeth SugameliJill SumiyasuDavid Garcia and Maya SuryaramanNicholas TarantKevin and Janet Terry

Charles TombergNorman and Carin ToninaTrees for the FutureJoshua and Amity TrippDiane TrombettaJim TroyerWilliam TruettnerTTF FoundationKenneth and Martha TuckerDean UjiharaUSAID CaranaLayne Van BruntEve Van Rennes David VanlandinghamLibby VaughnBen and Preeti VergheseBen VigilettaTim and Mary Jo WainwrightMargaret WalesRichard and Susan Wallace Jeanine WaltersRobert Ward and Allison SokollAndrew WardenMelanie WarkWilliam and Katharine WeberKate WedemeyerClive Wilkinson John and Marjan WilkesBoyd Wilson David and Martha WilsonFred and Stephanie WilsonSteven Wilson and Nomi SilvermanFred and Susan WintermantelJames and Kathryn WireDaniel WitriolThe Witten/Nappi Charitable FundRalph Wittman

Lawrence and Michelle WobkerJan WolitzkyWaikuen Yee and Anil ThomasNathan and Susan YostOliver and Sarah YostChristopher ZaccoAlexander ZaharoffEmily ZallMarc Zeitlin

*Donor-guarantors in Grameen Foundation’s Growth Guarantee program, which facilitated loans to microfinance institutions.

Grameen Foundation is pleased to recognize volunteers who contributed their time and talent between April 1, 2014 and March 31, 2015.

GRAMEEN FOUNDATION FY 2015 ANNUAL REPORT // Bankers without Borders® Volunteers20

Farooq AbbasiDouglas AberdeenJude AddoParul AgarwalRaphael AidaneGift AkinyiKevy AlcindorMaher AldogailBenjamin AlexandroAmir AliJanice AllendeSaoud AlmosaibeehLinda AlpertClaudia Maria AlvarezTheresa AlvarezSara AmaraYi (Daisy) AnSarah AndersonChad AndersonMarjorie AndersonFabio ArditiManhar AroraFrances AtkinsBrooke BaileyMohil BajajJessica BakerNora BaliHarshitha BaliniCristina BanahanAndrew BandaRuben BarretoRuchi BehlCecelia BeirneChristian BelisarioAlexander BenthienJorge BermudezJonathan BerthetBorja BerzosaChristina BeveridgeDeval Bhalja

Ajay BhandoolaGaurav BhogaleSharif BhuiyanDan BiMolly BiermanMaximilian BiswangerJamie BlumeCamila BordaZerina BorhanSamir BoukerrouBryce BowmanClaudia BrauerDoris BraunLisa BrignoniNicole BrileyMarie-Noelle BrissonLynne BrooksSamantha BroxtonStefan BrunLauren BurnsCarolyn ByczekElizabeth CabotLiang CaiDaniel CanoBrendan CantyTatiana CapitanioSheree CararaLara CassellCristina Castro-MatukewiczRishwie CauveryJavier CervantesVictor ChanMohit ChandiramaniDipika ChawlaSi ChenJulia ChinHenry ChoiSolon ChristensenAnna Cianciara

Lizzy Margarett ClementeNeil CliftPauline CohercoNgwa Collins NgwaBernardino ColonnaSarah ConroyNeil CostelloEnrique CostoyaNaomi CrowtherSolomon Cudjoe-SeshieXiaolu CuiHolly CuozzoMichael D’AgostinoYuanyuan DaiMarina DaillyNupur DaveKenton DavisJohann De SousaAlethea De VeneciaFelipe DelgadoMichelle DelgadoTony DengDrey DiasGregory DickensSara DickhausVictoria DixonPatrizia DodaroFernando Dominguez PinuagaNicholas DonahueMallory DowningAlifya DuggalClaudia Duran-ChabotEllen EbyMark EchezarretaBob EidsonOctave EllisRowan Emslie

Caryn EnglanderSahra EnglishGustaf EricsonMaria EscubosBrandy EspinolaKevin EstibeiroSteven Barton EtchenKolade FaluaFrank FalzonJames FarquharsonDavid FayStephanie FelixMariana FelixSaulo FerreiraManuel Ferreira GomesPaul FiddickLisya FinsJulia FlaigAndrew ForresterNoah FrancisGeorge FrancisEric FrenchCarolanne FriedDaniel FullemZach GarmanDavid GeistAlan GertnerElon GilbertSteven GilbertSamuel GilbertAngela GillKiragu GithinjiMichael GlarosDan GoldbergElena GoldoniMichael GolsworthyAdam GorniakHenry GridleyKarol Griffiths

BANKERS WITHOUT BORDERS® VOLUNTEERSEthan GrundlegerYannick GuéganPavani GulatiVinay GuptaRohan GuptaKshitij GuptaNady GustaveMarcela GutierrezTomas HamudisTia HarestadChristopher HarrallErin HattersleySehar HayatRandy B. HechtSteve HelvieNick HenningerEduardo Hermesmeyer Michael HilbertPilar HilstJackie HoAdib HobeicaGrace HollisJonathan HollowayJennifer HolmesGhislain HologanEllie HongSai HonigLindsey HowardAmy HubbleAlexandra HumphryEileen HurByoung HwangWendy IrwinIrina IvanAnkita JainTadia JamesBrianna JanuaryKathie JaycoxCarol JiangMike Jinn

Vishal JoshiJulie JosquinNeha JulkaLaura KLimin KanJoohi KasliwalLeandro KasparyKim KastorffMichelle KaticsJonathan KayDoña KeatingChristal KelsoKahlil KetteringEden KfirAbdul Rahman KhanJoanna KimAlex KimaniElizabeth KingdomUta KnableinAaron KonenRafal KosnoKevin KovacsDaniel KrepsNathan KuchtaEmmanuel KumJoe KurianPin KwokRitica LacoulSid LahiriKarima LahrachRicky LaiCarson LappetitoDaniel LaroueRebecca LassmanJean LauFreddy LeeElizabeth LeeStephen LeeFreddy LeeSharon Li

GRAMEEN FOUNDATION FY 2015 ANNUAL REPORT // Bankers without Borders® Volunteers21

Tilly LiTianbai LiKamay LiGenevieve LiangSean LinderCalvin LiouYiting LiuLance LivelyChristopher LoIliana Lopez CastroRobert LovelyJillian LuchnerFlorence LuiHunter LyallPatin MaAlex MacDonald VitaleDavid MacDougallSteven MagerlRaymond MagpantayBridget MaleyShaily MalikCarolina ManfroniChipo MarangwandaPeter MarchantClayton MartinSydney MartinezDiana Matei-GolopentaYoaith MathurVandana MatravadiaElizabeth MaygbyLyndee McCallumAmanda McCulloughOlivia McDonnellLuke McMurrayFrank McNerneyAida MehonicIndira MekaOlga Melnikova

Victoria MendezJuliana MenegattiLara MengarelliJayakrishnan Govinda MenonSarah MikhailAlexandra MilsonJoseph MilsteinKatie MitchellAnurag MittalHajime MiyauchiLynnet MlamboRianka MohanBijeta MohantyThalita MonacelliNuala MoreauDavid MorenoBrian MorettaFabio MoriDavid E.T. MorrisAngeley MullinsTerry MusaliaBruce MyersHarkishin NachnaniNeeraja NatarajanBrooke NavarroPierre NekamdjeLuisa NenciMimi NgRonald NgenoBrianna NgoAlbert NguyenWen NianSean NosselBen NottinghamChristopher NuttFredrick NyasakaStuart O’DeaKathleen OdellFrank Odendall

Brian OduorAnn OliphantJose M OlmosDafe OputuGeoff OrazemStacey OrndoffAntonio OrtegaJoseph Ernest OrzanoBethany OttoBobby OuVladimir PalacioDipak PandaEmilio PangBruno PaschkesDarshan PatelMalini PatelHemanshu PatelRiddhi PatelRobert PauleyMarc PecquetNora PerlmanAlexandria PetropoulosAnthony PhalenAlex PhamJulia PodevinJosh PosthumaSolomon PotakeyAnusha PrasherSajid PremjiMitch PriceGeorgia PsyllidouJonathan Adjin QuayeMax QueirozCarlos Andres Quintero BoteroAna QuirozHuma Khalid QureshiAndrea Ramirez

Neil RandallLakeisha ReeseHanna ReevesJulio Reynaga GaleasAnnie RobinsonMarine Rodrigues HenriquesAlberto RodríguezAna María Rodríguez PulecioLucas RogersRobert RoutSoumik Samir RoyNeal RudowitzJason RuizSamy SadatShahyar SafaeeMiguel Sánchez de PedroNavjeet SandhuVictoria SantamarinaSarah SanyaYashashree SardarMichael SautnerMark SchafferClement SchapplerRebecca ScherpelzEric SchmautzElizabeth SchormanFrederik SchulzMichelle SegataUma SekarSukanya SenRitin ShahDavis ShahFalgu ShahKhushbu ShahYunyi ShaoDipa SharifManu SharmaAbhishek Sharma

Anindita SharmaSmitha SharmaChristina SheppardRuifan ShiStephen ShinAnjila ShresthaSamik N. SilAna SilvaAparna SinghMonika SkorupskaiteKeng SooAmrita SrikanthSonia SrikuruwalTodd SteevesDavid StewartDeb StewartChristopher SuenBilal SulehriJeff SullivanKatherine TanDawson TangMinahil TariqChris TaylorKristine TeanoSara TelzerAzan TengkuVeena ThangaveluZach ThomasSteve ThomsonChristophe TimmermansSusan TiropDebbie TranNikki TurnerLogan UryIzaskun ValdazoVeena ValluriTony VangiAmit VarmaYanum

VenkatrathnamKatherine Suzette Vizcaino PinzonAndrew VolkmanBenedek VorosJessica WadeAndrewWallaceDavid WasherJulian WassenaarChris WeemsLisa WeiKimberly WeinrickShawn WeisharPeter WelchZachary WennerNathan WereKira WestbrookAlessandra WilliamsBenna Wise-LevineAndrew WitkowskiGabi WolozinLinda WongErica WongKarine Wong Ah SeeCherise WooNeil WoodLiang Jian WuMaggie Xiaomin Wu An Li XuPaul YaginumaKelly YanFrancis YatzunWilfred YeungDavid YorkKenny YungJose Ignacio ZabaletaPilar ZapiolaCindy ZhangMateusz ZiebaSamantha Zorn

TAKE ACTION

Everyone can play a part in ending poverty for women and families around the world. You make it possible to equip Community Health Workers like Stella with life-saving information, and for rural women like Aminah to save for their children’s school fees. Here are some ways in which you can be involved:

LIKE US ON FACEBOOK

StopPovertyNow

FOLLOW US ON TWITTER

@GrameenFdn

FIND AND FOLLOW US

on LinkedIn

SUBSCRIBE TO OUR CHANNEL ON

YouTube.com/Grameen

FOLLOW US ON GOOGLE+

SUBSCRIBE TO OUR ENEWSLETTER AT

grameenfoundation.org

READ OUR BLOG AT

grameenfoundation.org/blog

GIVE TODAY

We 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, visit grameenfoundation.org/give. Your gifts are fully tax-deductible to the extent allowed by law.

GIVING AT WORK

Many companies generously support their employees’ philanthropic causes. Learn how you can designate Grameen Foundation in your workplace matching gifts program at grameenfoundation.org/matching

GRAMEEN FOUNDATION LEGACY SOCIETY

Make a planned gift by designating Grameen Foundation as a beneficiary in your will, retirement plan or life insurance policy. You’ll help poor families build new futures, while simultaneously reducing your estate and income taxes. For more information, visit grameenfoundation.org/plannedgiving

VOLUNTEER

Join our Bankers without Borders volunteer corps and use your professional skills (regardless of your field of expertise) on projects to help the world’s poorest – either on location or from your desk. Learn more at www.bankerswithoutborders.com

www.grameenfoundation.org22

GRAMEEN FOUNDATION 1101 15th St. NW, 3rd FloorWashington, DC 20005 Phone: +1 202-628-3560 Fax: +1 202-628-2341 www.grameenfoundation.org

WORLDWIDE OFFICESFind contact information for Grameen Foundation offices in Colombia, Ghana, India, Kenya, the Philippines, Uganda, and the United States online at www.grameenfoundation.org

OTHER GRAMEEN FOUNDATION ORGANIZATIONS

Grameen Foundation India(Wholly-owned subsidiary)C 201, Nirvana Courtyard,Nirvana Country, Sector 50,Gurgaon 122002. INDIAPhone: +91 124 4100703Email: info@grameenfoundation.in

Grameen Capital India, Ltd.(Joint venture)No. 402, 36 Turner Road Opposite Tavaa RestaurantBandra (West), Mumbai - 400 050Phone: +91 22 6675 2992 Email: info@grameencapital.in

Grameen-Jameel Microfinance Ltd.(Joint venture)International Humanitarian CityBuilding #4, Office 139, First FloorDubai Industrial CityP.O. Box 506025. Dubai, U.A.E.Phone: +971 4 430 9120Email: info@grameen-jameel.com

LEFT: Mobile technology helps this family and others in Ghana live healthier lives. (Credit: Grameen Foundation)

FRONT COVER: A Community Knowledge Worker greets a client in Uganda.(Credit: Grameen Foundation)

BACK COVER: Photo by Neil Palmer/CIAT

Design by www.chavezdesignstudio.com

www.grameenfoundation.org23

Grameen Foundation 1101 15th St. NW, 3rd FloorWashington, DC 20005 Phone: +1 202-628-3560 Fax: +1 202-628-2341 www.grameenfoundation.org

Worldwide Offices »