• Skip to Content
  • Skip to Navigation
  • Our work
    Our achievements

    Our achievements

    The following were measurable achievements of the fnational committee for the International year of Microcredit.

    • Eleven meetings were held from January to November 2005 at the United Nations Information Centre in Sydney.
    • A dinner was held with Coalition MPs and senators in Parliament house, Canberra. The theme of the dinner was the Milennium Development goals, incorporating microcredit. It was hosted by Senator Guy Barnett and sponsored by the NAB. Speakers included Tim Costello (CEO World Vision), Bruce Billson (Liberal MP), David Bussau (founder of Opportunity International) and Tim O'Leary (NAB, corporate affairs).
    • International NGOs organised a briefing to the Joint Standing Committee on Foreign Affairs Defence and Trade, attended by 18 (out of 32) MPs and Senators.
    • RESULTS Australia obtained sponsorship from Australia Post to create a pre-stamped envelope to commemorate the International Year of Microcredit. Phillip Ruddock (Liberal MP) and Tim Costello (CEO World Vision) launched the envelope. Fifteen journalists attended and there was a variety of press and radio coverage.
    • The United Nations Association of Australia (Victoria branch) and Good Shepherd both organised conferences to celebrate the year.
    • Macquarie Bank hosted a lunch in Melbourne to raise awareness of microcredit to senior executives in the corporate sector. Tim Costello (CEO World Vision) and John Thwaites (Deputy Premier of Victoria) spoke at the lunch.
    • An event was held to celebrate the close of the International Year of Microcredit, hosted by Westpac. Speakers included David Morgan (CEO Westpac) and Gerhardt Pearson (CEO Balkanu Cape York Development Corporation). The achievements of Indigenous entrepreneurs were celebrated, with several Opportunity International and Hillsong Emerge clients selling their products and one client speaking about obtaining a loan and training to develop his business.
    • The United Nations Information Centre organised a variety of education sessions on microfinance to schools.
    • Joint submissions to government inquiries were made by local NGOs for the Consumer Credit Code Review and by international NGOs for the White paper on aid.
    • Communications plans were developed detailing key messages about microcredit on an international and domestic basis for government and the corporate sector audiences.
    • The following people agreed to be patrons for the International Year of Microcredit: David Bussau (founder of Opportunity International), Bruce Baird (Liberal MP), Bernie Fraser (former Reserve Bank governor), Noel Pearson (Cape York Partnerships), Tim Costello (World Vision), Simon McKeon (Macquarie Bank) and Tanya Plibersek (Labor MP).
    • An internet site for the Australian committee of the International Year of Microcredit was created. This included a list of patrons, case studies, articles about microfinance in Australia and links to each member organisation.

    Based on minutes, the following were measurable achievements of the network since its inception in March 2006.

    • 18 meetings of the network have been held in each of Melbourne, Canberra, Sydney and Brisbane.
    • A session was held to bring together Australian researchers with an interest in microcredit and financial inclusion. This was attended by researchers from universities including Deakin, RMIT, Monash, Melbourne, Griffith; NGO researchers from Foresters ANA Mutual Society, Brotherhood of St Laurence and Good Shepherd Youth and Family Service. ANZ, NAB, RESULTS Australia and Consumer Affairs Victoria spoke of their research interests. A follow up session is to be held in late November 2007.
    • Five meetings were held to raise awareness of financial exclusion and insurance. These were attended by major insurance companies, the peak body for insurers, the insurance ombudsman and banks. Meetings were also held with Centrelink and the Office of Housing to raise awareness of the links between non-insurance and government services for people on low incomes.
    • Several meetings were held for the international sub-committee; activities included a presentation at an Australian Council for International Development (ACFID) member information forum; development of an ACFID microcredit working group and advocacy to federal MPs about funding and policy around microcredit.
    • Information shared about a range of conferences and seminars about microfinance and financial inclusion.
    • The group agreed to adopt the principles of microfinance offered by the Consultative Group to Assist the Poor (CGAP).

    Case studies were shared on a diverse range of topics including:

    • Mutual aid and credit unions
    • Savings
    • Micro-enterprise development
    • Microfinance in Cambodia, Fiji and Malawi
    • Social impact analysis
    • Fringe lending
    • Community development finance institutions
    • Small personal loans
    • AusAID and FaCSHIA strategic plans and investments in microfinance
    • Financial inclusion for indigenous people
    • Lessons from US, UK, Ireland and Canada
    • Microfinance and the environment