right now 2.3 billion humans are living in poverty 2.3 billions that’s one third
in poverty 2.3 billions that’s one third
in poverty 2.3 billions that’s one third of human population 2.3 billion can be
of human population 2.3 billion can be
of human population 2.3 billion can be defined to either being extreme poor or
defined to either being extreme poor or
defined to either being extreme poor or moderately poor 900 million individuals
moderately poor 900 million individuals
moderately poor 900 million individuals live in extreme poverty and the reminder
live in extreme poverty and the reminder
live in extreme poverty and the reminder is so-called moderately poor if you are
is so-called moderately poor if you are
is so-called moderately poor if you are defined being a person living in poverty
defined being a person living in poverty
defined being a person living in poverty the definition basically is a claim to
the definition basically is a claim to
the definition basically is a claim to the amount of money you are able to
the amount of money you are able to
the amount of money you are able to spend per day according to the World
spend per day according to the World
spend per day according to the World Bank today we are talking an average of
Bank today we are talking an average of
Bank today we are talking an average of 1.9 to 2.5 US dollars a day in order to
1.9 to 2.5 US dollars a day in order to
1.9 to 2.5 US dollars a day in order to pay for your nutrition pay for your food
pay for your nutrition pay for your food
pay for your nutrition pay for your food pay for your education pay for medical
pay for your education pay for medical
pay for your education pay for medical care and also pay for your housing if
care and also pay for your housing if
care and also pay for your housing if you have access to 2.5 dollars a day you
you have access to 2.5 dollars a day you
you have access to 2.5 dollars a day you will never ever be able to save any
will never ever be able to save any
will never ever be able to save any money you will never ever be able to
money you will never ever be able to
money you will never ever be able to invest any money and to build your own
invest any money and to build your own
invest any money and to build your own future it’s not only about numbers it’s
future it’s not only about numbers it’s
future it’s not only about numbers it’s actually about faces because that’s what
actually about faces because that’s what
actually about faces because that’s what we read the newspapers we always see the
we read the newspapers we always see the
we read the newspapers we always see the large numbers but what we need to
large numbers but what we need to
large numbers but what we need to understand 2.3 billion individuals or
understand 2.3 billion individuals or
understand 2.3 billion individuals or individual faces with stories with
individual faces with stories with
individual faces with stories with families with kids with fathers with
families with kids with fathers with
families with kids with fathers with desires with hopes with anxieties so
desires with hopes with anxieties so
desires with hopes with anxieties so what I tried to do initially I tried to
what I tried to do initially I tried to
what I tried to do initially I tried to spend a lot of time trying to talk
spend a lot of time trying to talk
spend a lot of time trying to talk trying to listen trying to understand
trying to listen trying to understand
trying to listen trying to understand what are the real needs of poor people
what are the real needs of poor people
what are the real needs of poor people today and I spent bulk of my time in
today and I spent bulk of my time in
today and I spent bulk of my time in so-called frontier markets or emerging
so-called frontier markets or emerging
so-called frontier markets or emerging markets where I usually don’t wear nice
markets where I usually don’t wear nice
markets where I usually don’t wear nice suit azar there as I do today spend my
suit azar there as I do today spend my
suit azar there as I do today spend my time somewhere on the road in a pretty
time somewhere on the road in a pretty
time somewhere on the road in a pretty miserable hotel usually and
miserable hotel usually and
miserable hotel usually and trying to fight my way together with my
trying to fight my way together with my
trying to fight my way together with my colleagues but to meeting people Africa
colleagues but to meeting people Africa
colleagues but to meeting people Africa is an example you might know today in
is an example you might know today in
is an example you might know today in Africa hundred and thirty million
Africa hundred and thirty million
Africa hundred and thirty million children and kids or in the age group of
children and kids or in the age group of
children and kids or in the age group of getting access to schools and
getting access to schools and
getting access to schools and universities out of this number however
universities out of this number however
universities out of this number however only fifty million are actually provided
only fifty million are actually provided
only fifty million are actually provided schooling and education and the reminder
schooling and education and the reminder
schooling and education and the reminder has no access there are excluded from
has no access there are excluded from
has no access there are excluded from any hope from any chance to actually
any hope from any chance to actually
any hope from any chance to actually visit a school and go and study this is
visit a school and go and study this is
visit a school and go and study this is a picture in Cameroon I’m not teaching
a picture in Cameroon I’m not teaching
a picture in Cameroon I’m not teaching here I was just taught a French lesson
here I was just taught a French lesson
here I was just taught a French lesson here because Cameroon as you know is
here because Cameroon as you know is
here because Cameroon as you know is french-speaking now
french-speaking now
french-speaking now poverty we need to understand if you’re
poverty we need to understand if you’re
poverty we need to understand if you’re poor you can be homeless or you actually
poor you can be homeless or you actually
poor you can be homeless or you actually live in huts without roofs you’ve got no
live in huts without roofs you’ve got no
live in huts without roofs you’ve got no heating you are exposed to nature 70% of
heating you are exposed to nature 70% of
heating you are exposed to nature 70% of the population today has no access still
the population today has no access still
the population today has no access still no access to piped water medical care is
no access to piped water medical care is
no access to piped water medical care is a disaster if you are modern if you are
a disaster if you are modern if you are
a disaster if you are modern if you are receiving a child the likelihood of
receiving a child the likelihood of
receiving a child the likelihood of maternal to death is extremely high and
maternal to death is extremely high and
maternal to death is extremely high and one-third of the population today still
one-third of the population today still
one-third of the population today still has no access to any recognised identity
has no access to any recognised identity
has no access to any recognised identity has no access to any electricity and
has no access to any electricity and
has no access to any electricity and keep in mind without electricity
keep in mind without electricity
keep in mind without electricity it gets pretty dark at night it gets
it gets pretty dark at night it gets
it gets pretty dark at night it gets dark starting at 5:00 6:00 p.m. and
dark starting at 5:00 6:00 p.m. and
dark starting at 5:00 6:00 p.m. and evening the only alternative is using
evening the only alternative is using
evening the only alternative is using kerosene kerosene is absolute disaster
kerosene kerosene is absolute disaster
kerosene kerosene is absolute disaster it brings a lot of illness and lastly
it brings a lot of illness and lastly
it brings a lot of illness and lastly poverty also has got to do having no
poverty also has got to do having no
poverty also has got to do having no access to any banking facility because
access to any banking facility because
access to any banking facility because only if you have got an access to bank
only if you have got an access to bank
only if you have got an access to bank facility you might be granted alone you
facility you might be granted alone you
facility you might be granted alone you might can ask for credit but if you are
might can ask for credit but if you are
might can ask for credit but if you are excluded from the banking system you
excluded from the banking system you
excluded from the banking system you will not be given the opportunity to
will not be given the opportunity to
will not be given the opportunity to participate in the society we all live
participate in the society we all live
participate in the society we all live in today now in order to understand how
in today now in order to understand how
in today now in order to understand how you can actually fight poverty and all
you can actually fight poverty and all
you can actually fight poverty and all of you know you know we have been
of you know you know we have been
of you know you know we have been deploying billions of US dollars or in
deploying billions of US dollars or in
deploying billions of US dollars or in development aid over the last decades as
development aid over the last decades as
development aid over the last decades as of today
of today
of today this is still the situation development
this is still the situation development
this is still the situation development aid has reached certain goals has
aid has reached certain goals has
aid has reached certain goals has fulfilled certain objectives but the
fulfilled certain objectives but the
fulfilled certain objectives but the four poor level we are seeing today is
four poor level we are seeing today is
four poor level we are seeing today is still disastrous the recent Nobel Prize
still disastrous the recent Nobel Prize
still disastrous the recent Nobel Prize winner Angus Deaton he actually calls
winner Angus Deaton he actually calls
winner Angus Deaton he actually calls development aid the modern colonialism
development aid the modern colonialism
development aid the modern colonialism and there are other very important there
and there are other very important there
and there are other very important there are people out there doing a lot of
are people out there doing a lot of
are people out there doing a lot of research they believe a aid actually
research they believe a aid actually
research they believe a aid actually kills and I want to show you now why I
kills and I want to show you now why I
kills and I want to show you now why I personally believe together with my
personally believe together with my
personally believe together with my colleagues working together with me our
colleagues working together with me our
colleagues working together with me our beside actually providing pure
beside actually providing pure
beside actually providing pure development aid you can really fight
development aid you can really fight
development aid you can really fight poverty Nelson Mandela poverty is not an
poverty Nelson Mandela poverty is not an
poverty Nelson Mandela poverty is not an accident like slavery in apartheid it’s
accident like slavery in apartheid it’s
accident like slavery in apartheid it’s man-made and can be removed by the
man-made and can be removed by the
man-made and can be removed by the actions of human beings poverty is
actions of human beings poverty is
actions of human beings poverty is man-made Muhammad Yunus forum a Nobel
man-made Muhammad Yunus forum a Nobel
man-made Muhammad Yunus forum a Nobel Prize winner and founder of the Grameen
Prize winner and founder of the Grameen
Prize winner and founder of the Grameen Bank we have created a society that does
Bank we have created a society that does
Bank we have created a society that does not allow opportunities for those people
not allow opportunities for those people
not allow opportunities for those people to take care of themselves because we
to take care of themselves because we
to take care of themselves because we have denied them those opportunities to
have denied them those opportunities to
have denied them those opportunities to take care of themselves that is not what
take care of themselves that is not what
take care of themselves that is not what Aid is about but what impact investing
Aid is about but what impact investing
Aid is about but what impact investing for example and microfinance and
for example and microfinance and
for example and microfinance and providing credits to individual that is
providing credits to individual that is
providing credits to individual that is basically providing aid and help to
basically providing aid and help to
basically providing aid and help to individuals to really work with their
individuals to really work with their
individuals to really work with their own perspectives and helping themselves
own perspectives and helping themselves
own perspectives and helping themselves it’s all about including the excluded
it’s all about including the excluded
it’s all about including the excluded how can we include 2.3 billion
how can we include 2.3 billion
how can we include 2.3 billion individuals in our society in our
individuals in our society in our
individuals in our society in our financial systems and please don’t be
financial systems and please don’t be
financial systems and please don’t be miss on the stake and people today who
miss on the stake and people today who
miss on the stake and people today who are excluded in the system they have got
are excluded in the system they have got
are excluded in the system they have got one desire they’ve got one hope they
one desire they’ve got one hope they
one desire they’ve got one hope they want to become included that is so
want to become included that is so
want to become included that is so important if you’re starving if you’ve
important if you’re starving if you’ve
important if you’re starving if you’ve got five children sitting and besides
got five children sitting and besides
got five children sitting and besides you and you have get you generate no
you and you have get you generate no
you and you have get you generate no income and you’ve got really
income and you’ve got really
income and you’ve got really difficulties to survive the only wish
difficulties to survive the only wish
difficulties to survive the only wish and the only dream you had
and the only dream you had
and the only dream you had and ambition is to make that next step
and ambition is to make that next step
and ambition is to make that next step to become included in society Ninh
to become included in society Ninh
to become included in society Ninh system you want to help you want to send
system you want to help you want to send
system you want to help you want to send your children to education you want to
your children to education you want to
your children to education you want to pay the medical care for your
pay the medical care for your
pay the medical care for your grandfather etc so it’s all about how to
grandfather etc so it’s all about how to
grandfather etc so it’s all about how to make people included how to push them
make people included how to push them
make people included how to push them into inclusion that is what microfinance
into inclusion that is what microfinance
into inclusion that is what microfinance is actually all about an impact
is actually all about an impact
is actually all about an impact investing because if you are poor most
investing because if you are poor most
investing because if you are poor most likely you have got no access to any
likely you have got no access to any
likely you have got no access to any capital just imagine yourself you know
capital just imagine yourself you know
capital just imagine yourself you know if you were to live in a poor country
if you were to live in a poor country
if you were to live in a poor country let’s take Cambodia as an example fifty
let’s take Cambodia as an example fifty
let’s take Cambodia as an example fifty percent of all the people living in a
percent of all the people living in a
percent of all the people living in a Cambodia or so-called poor if you are
Cambodia or so-called poor if you are
Cambodia or so-called poor if you are converting and you would like to develop
converting and you would like to develop
converting and you would like to develop and create an own business and help your
and create an own business and help your
and create an own business and help your family you want to buy you want to sell
family you want to buy you want to sell
family you want to buy you want to sell you want to produce for all of these
you want to produce for all of these
you want to produce for all of these factors you are going to need some money
factors you are going to need some money
factors you are going to need some money you need some investment you’re going to
you need some investment you’re going to
you need some investment you’re going to need to buy a couple of pineapples here
need to buy a couple of pineapples here
need to buy a couple of pineapples here in Cambodia you actually can buy
in Cambodia you actually can buy
in Cambodia you actually can buy pineapples and you can sell them with a
pineapples and you can sell them with a
pineapples and you can sell them with a margin of 25% but you need to have some
margin of 25% but you need to have some
margin of 25% but you need to have some money to buy 50 pineapples somebody
money to buy 50 pineapples somebody
money to buy 50 pineapples somebody needs to give you 50 dollars in order
needs to give you 50 dollars in order
needs to give you 50 dollars in order for you to take them along you know go
for you to take them along you know go
for you to take them along you know go from one village to the next village and
from one village to the next village and
from one village to the next village and sell your pineapples with a margin to
sell your pineapples with a margin to
sell your pineapples with a margin to make some profits if you do not have any
make some profits if you do not have any
make some profits if you do not have any cash you will never be able to buy a
cash you will never be able to buy a
cash you will never be able to buy a pineapple so you need some money and
pineapple so you need some money and
pineapple so you need some money and it’s small money if you ask your friends
it’s small money if you ask your friends
it’s small money if you ask your friends and family you will not receive any
and family you will not receive any
and family you will not receive any funding because most likely your friends
funding because most likely your friends
funding because most likely your friends and family will be poor as well you
and family will be poor as well you
and family will be poor as well you obviously can go to a bank there are
obviously can go to a bank there are
obviously can go to a bank there are lots of banks in frontier markets some
lots of banks in frontier markets some
lots of banks in frontier markets some of you probably have seen them who
of you probably have seen them who
of you probably have seen them who travel a lot the problem is banks will
travel a lot the problem is banks will
travel a lot the problem is banks will only provide you money for collateral
only provide you money for collateral
only provide you money for collateral for guarantee but since you’re poor
for guarantee but since you’re poor
for guarantee but since you’re poor you’ve got no access to any collateral
you’ve got no access to any collateral
you’ve got no access to any collateral you cannot pledge anything there’s
you cannot pledge anything there’s
you cannot pledge anything there’s nothing you have in your hands so a bank
nothing you have in your hands so a bank
nothing you have in your hands so a bank is not going to help you you can go and
is not going to help you you can go and
is not going to help you you can go and see your so called shark lender the
see your so called shark lender the
see your so called shark lender the shark clan the most likely is going to
shark clan the most likely is going to
shark clan the most likely is going to provide you with some money but research
provide you with some money but research
provide you with some money but research actually shows for the last 15
actually shows for the last 15
actually shows for the last 15 is that the default rate by receiving a
is that the default rate by receiving a
is that the default rate by receiving a funding by a shark lender is close to
funding by a shark lender is close to
funding by a shark lender is close to 90% as no way you will ever pay back
90% as no way you will ever pay back
90% as no way you will ever pay back that loan so the only other opportunity
that loan so the only other opportunity
that loan so the only other opportunity you have is you’re going to see a so
you have is you’re going to see a so
you have is you’re going to see a so called microfinance institution and a
called microfinance institution and a
called microfinance institution and a microfinance institution is going to
microfinance institution is going to
microfinance institution is going to give you a loan without collateral it’s
give you a loan without collateral it’s
give you a loan without collateral it’s going to be small initially this can be
going to be small initially this can be
going to be small initially this can be a loan of $50 in India for example the
a loan of $50 in India for example the
a loan of $50 in India for example the average we provide is 50 to 60 US
average we provide is 50 to 60 US
average we provide is 50 to 60 US dollars it can be $1,000 in Southeast
dollars it can be $1,000 in Southeast
dollars it can be $1,000 in Southeast Asia and it can be up to 2 or $3,000 in
Asia and it can be up to 2 or $3,000 in
Asia and it can be up to 2 or $3,000 in Central Asia for example but you’re very
Central Asia for example but you’re very
Central Asia for example but you’re very small loans and it’s a loan it’s a
small loans and it’s a loan it’s a
small loans and it’s a loan it’s a business a loan needs to be paid back
business a loan needs to be paid back
business a loan needs to be paid back that’s very important and there’s always
that’s very important and there’s always
that’s very important and there’s always an interest rate talked together with
an interest rate talked together with
an interest rate talked together with the loan so it’s a business so you
the loan so it’s a business so you
the loan so it’s a business so you provide money and accessibility to an
provide money and accessibility to an
provide money and accessibility to an individual who actually gets the
individual who actually gets the
individual who actually gets the opportunity to develop himself you
opportunity to develop himself you
opportunity to develop himself you become a business partner of a poor
become a business partner of a poor
become a business partner of a poor people who has no other opportunity in
people who has no other opportunity in
people who has no other opportunity in life impact investing is very different
life impact investing is very different
life impact investing is very different from traditional investing or from
from traditional investing or from
from traditional investing or from philanthropy so philanthropy is
philanthropy so philanthropy is
philanthropy so philanthropy is providing aid right it’s great support
providing aid right it’s great support
providing aid right it’s great support for a couple of years you can send your
for a couple of years you can send your
for a couple of years you can send your kid into school you might receive some
kid into school you might receive some
kid into school you might receive some books but it’s not sustainable it’s not
books but it’s not sustainable it’s not
books but it’s not sustainable it’s not going to help a family to develop
going to help a family to develop
going to help a family to develop independently that’s the difference the
independently that’s the difference the
independently that’s the difference the impact investing where you provide money
impact investing where you provide money
impact investing where you provide money the money needs to be paid back that’s
the money needs to be paid back that’s
the money needs to be paid back that’s the important system about that and it’s
the important system about that and it’s
the important system about that and it’s not only about because you want to make
not only about because you want to make
not only about because you want to make money as an investor but it’s
money as an investor but it’s
money as an investor but it’s psychologically totally important that
psychologically totally important that
psychologically totally important that the individual knows it’s a business
the individual knows it’s a business
the individual knows it’s a business relationship and it’s an opportunity to
relationship and it’s an opportunity to
relationship and it’s an opportunity to basically develop financially and
basically develop financially and
basically develop financially and economically and obviously by providing
economically and obviously by providing
economically and obviously by providing a loan you’re so sure that you can
a loan you’re so sure that you can
a loan you’re so sure that you can guarantee that there’s a social impact
guarantee that there’s a social impact
guarantee that there’s a social impact you do not want that the money spent to
you do not want that the money spent to
you do not want that the money spent to buy TV or car but you want to make sure
buy TV or car but you want to make sure
buy TV or car but you want to make sure the money is spent for the right course
the money is spent for the right course
the money is spent for the right course so you start to measure the social
so you start to measure the social
so you start to measure the social impact
impact
impact you start to understand if jobs are
you start to understand if jobs are
you start to understand if jobs are created if kids are in a better health
created if kids are in a better health
created if kids are in a better health if children can go to school and educate
if children can go to school and educate
if children can go to school and educate that’s what you measure that what impact
that’s what you measure that what impact
that’s what you measure that what impact investing is about the company I’m very
investing is about the company I’m very
investing is about the company I’m very proud and representing together with you
proud and representing together with you
proud and representing together with you know great staff working all over the
know great staff working all over the
know great staff working all over the world with ambassadors with board
world with ambassadors with board
world with ambassadors with board members but also with investors some of
members but also with investors some of
members but also with investors some of the most from Switzerland what we have
the most from Switzerland what we have
the most from Switzerland what we have been doing over the last 15 years we
been doing over the last 15 years we
been doing over the last 15 years we basically have deployed 3.5 billion into
basically have deployed 3.5 billion into
basically have deployed 3.5 billion into over 60 countries and we are touching
over 60 countries and we are touching
over 60 countries and we are touching about 30 million individuals as we speak
about 30 million individuals as we speak
about 30 million individuals as we speak today the orchard is providing every
today the orchard is providing every
today the orchard is providing every eight seconds alone and by the end of my
eight seconds alone and by the end of my
eight seconds alone and by the end of my little speech we will have deployed and
little speech we will have deployed and
little speech we will have deployed and granted 150 loans to individual people
granted 150 loans to individual people
granted 150 loans to individual people who would not have had any access to
who would not have had any access to
who would not have had any access to funding these are crazy numbers I’m
funding these are crazy numbers I’m
funding these are crazy numbers I’m fully aware of that but it’s big data
fully aware of that but it’s big data
fully aware of that but it’s big data and that’s also the message I want to
and that’s also the message I want to
and that’s also the message I want to convey with you
convey with you
convey with you it is small money but if you multiply
it is small money but if you multiply
it is small money but if you multiply small money and if you assure that
small money and if you assure that
small money and if you assure that there’s a social impact it’s small money
there’s a social impact it’s small money
there’s a social impact it’s small money big impact and I really mean big impact
big impact and I really mean big impact
big impact and I really mean big impact the examples I’m showing you all know
the examples I’m showing you all know
the examples I’m showing you all know the people personally George is living
the people personally George is living
the people personally George is living in Tbilisi Georgia has received the
in Tbilisi Georgia has received the
in Tbilisi Georgia has received the first loan three and a half years ago in
first loan three and a half years ago in
first loan three and a half years ago in order to build up his little grocery
order to build up his little grocery
order to build up his little grocery store now he’s planning to expand he
store now he’s planning to expand he
store now he’s planning to expand he actually wants to open up a coffee shop
actually wants to open up a coffee shop
actually wants to open up a coffee shop he’s an extreme happy individual today
he’s an extreme happy individual today
he’s an extreme happy individual today and he’s running his own business he
and he’s running his own business he
and he’s running his own business he would have had no chance whatever to
would have had no chance whatever to
would have had no chance whatever to start a business without receiving an
start a business without receiving an
start a business without receiving an initial loan three and a half years ago
initial loan three and a half years ago
initial loan three and a half years ago Carmen is running restaurant in
Carmen is running restaurant in
Carmen is running restaurant in Guatemala when I made comment the first
Guatemala when I made comment the first
Guatemala when I made comment the first time she was a beggar the first loan she
time she was a beggar the first loan she
time she was a beggar the first loan she took was $50 the $50 she invested in
took was $50 the $50 she invested in
took was $50 the $50 she invested in buying some pans and plates she started
buying some pans and plates she started
buying some pans and plates she started to cook some food at her home and
to cook some food at her home and
to cook some food at her home and started to sell it on the local market
started to sell it on the local market
started to sell it on the local market today
today
today shree loan cycles later Carmen is one of
shree loan cycles later Carmen is one of
shree loan cycles later Carmen is one of the proudest women I probably have met
the proudest women I probably have met
the proudest women I probably have met because she’s an intrapreneur she runs
because she’s an intrapreneur she runs
because she’s an intrapreneur she runs her own restaurant
her own restaurant
her own restaurant her daughter’s our University she
her daughter’s our University she
her daughter’s our University she employs four people in the restaurant
employs four people in the restaurant
employs four people in the restaurant and when I asked her last time what a
and when I asked her last time what a
and when I asked her last time what a plan while she owes she’s going to apply
plan while she owes she’s going to apply
plan while she owes she’s going to apply for next loan because she’s planning to
for next loan because she’s planning to
for next loan because she’s planning to open up two more restaurants and that is
open up two more restaurants and that is
open up two more restaurants and that is what I basically mean when talking to
what I basically mean when talking to
what I basically mean when talking to individuals right this is not aid but
individuals right this is not aid but
individuals right this is not aid but you basically accelerate and you help an
you basically accelerate and you help an
you basically accelerate and you help an individual to create your own fortune
individual to create your own fortune
individual to create your own fortune and your own future and that’s the
and your own future and that’s the
and your own future and that’s the beauty about really providing some
beauty about really providing some
beauty about really providing some access to capital and it is access if
access to capital and it is access if
access to capital and it is access if you provide food it will go nowhere if
you provide food it will go nowhere if
you provide food it will go nowhere if you provide books it will go nowhere you
you provide books it will go nowhere you
you provide books it will go nowhere you need to provide capital in order to
need to provide capital in order to
need to provide capital in order to really develop individuals and they are
really develop individuals and they are
really develop individuals and they are looking for it I want to give you an
looking for it I want to give you an
looking for it I want to give you an example from investment perspective
example from investment perspective
example from investment perspective because they’re always two sides on the
because they’re always two sides on the
because they’re always two sides on the one side is the individual being
one side is the individual being
one side is the individual being receiving funding on the other size it’s
receiving funding on the other size it’s
receiving funding on the other size it’s the investor take an example you provide
the investor take an example you provide
the investor take an example you provide 1 million US dollars over a period of
1 million US dollars over a period of
1 million US dollars over a period of five years the average loan now company
five years the average loan now company
five years the average loan now company for the last 16 years is one thousand US
for the last 16 years is one thousand US
for the last 16 years is one thousand US dollars in average the duration of a
dollars in average the duration of a
dollars in average the duration of a loan cycle in average is only 12 months
loan cycle in average is only 12 months
loan cycle in average is only 12 months so loans are being paid back already
so loans are being paid back already
so loans are being paid back already after 12 months you basically provide 1
after 12 months you basically provide 1
after 12 months you basically provide 1 million for 5 years you are going to
million for 5 years you are going to
million for 5 years you are going to reach out to over 55,000 individuals
reach out to over 55,000 individuals
reach out to over 55,000 individuals because you can recycle the money and
because you can recycle the money and
because you can recycle the money and every single loan reaches out to at
every single loan reaches out to at
every single loan reaches out to at least 10 to 15 members and friends
least 10 to 15 members and friends
least 10 to 15 members and friends within the family these are World Bank
within the family these are World Bank
within the family these are World Bank figures so think about that $1,000,000
figures so think about that $1,000,000
figures so think about that $1,000,000 in five years touches and increases the
in five years touches and increases the
in five years touches and increases the life of over 55,000 individuals on the
life of over 55,000 individuals on the
life of over 55,000 individuals on the other side an investor will basically
other side an investor will basically
other side an investor will basically receive returns because there is
receive returns because there is
receive returns because there is interest rate related to the to the loan
interest rate related to the to the loan
interest rate related to the to the loan of the last 16 years we have provided on
of the last 16 years we have provided on
of the last 16 years we have provided on an annual rate 4% return which in the
an annual rate 4% return which in the
an annual rate 4% return which in the current your low yield environment
current your low yield environment
current your low yield environment obviously is also a fantastic investment
obviously is also a fantastic investment
obviously is also a fantastic investment but that’s not the cause but it just
but that’s not the cause but it just
but that’s not the cause but it just shows you it’s a business
shows you it’s a business
shows you it’s a business over 16 years the default rate with 30
over 16 years the default rate with 30
over 16 years the default rate with 30 million loans has been lower than 1%
million loans has been lower than 1%
million loans has been lower than 1% which is absolutely astonishing this is
which is absolutely astonishing this is
which is absolutely astonishing this is lower then you know any bank would give
lower then you know any bank would give
lower then you know any bank would give you figures here in Western Europe the
you figures here in Western Europe the
you figures here in Western Europe the reason why the default rate is so low it
reason why the default rate is so low it
reason why the default rate is so low it is all related to pride and dignity if
is all related to pride and dignity if
is all related to pride and dignity if you are individual and you get a
you are individual and you get a
you are individual and you get a once-in-a-lifetime opportunity to get
once-in-a-lifetime opportunity to get
once-in-a-lifetime opportunity to get access to capital
access to capital
access to capital you will make everything happen to repay
you will make everything happen to repay
you will make everything happen to repay that loan so you’re going to invest it
that loan so you’re going to invest it
that loan so you’re going to invest it in whatever cause you have been granted
in whatever cause you have been granted
in whatever cause you have been granted the money for
the money for
the money for and lastly obviously you also have got a
and lastly obviously you also have got a
and lastly obviously you also have got a substantial environmental impact we call
substantial environmental impact we call
substantial environmental impact we call these three factors we call them triple
these three factors we call them triple
these three factors we call them triple bottom line impact who is actually the
bottom line impact who is actually the
bottom line impact who is actually the recipient of the money women play
recipient of the money women play
recipient of the money women play important role in providing micro loans
important role in providing micro loans
important role in providing micro loans the overall average is roughly sixty
the overall average is roughly sixty
the overall average is roughly sixty percent and I want to run you one
percent and I want to run you one
percent and I want to run you one example here we made a lot of research
example here we made a lot of research
example here we made a lot of research if you have got a male and a female and
if you have got a male and a female and
if you have got a male and a female and both are coming from the similar
both are coming from the similar
both are coming from the similar background and both of them would be
background and both of them would be
background and both of them would be granted $1,000 what is happening in most
granted $1,000 what is happening in most
granted $1,000 what is happening in most of the cases the recipient is going to
of the cases the recipient is going to
of the cases the recipient is going to be approached by a friend by a colleague
be approached by a friend by a colleague
be approached by a friend by a colleague and he would ask me if you’d be willing
and he would ask me if you’d be willing
and he would ask me if you’d be willing to provide some of this of this loan in
to provide some of this of this loan in
to provide some of this of this loan in order to double the loan so physically
order to double the loan so physically
order to double the loan so physically what happens the colleague would come
what happens the colleague would come
what happens the colleague would come giving the money I’ll double it by
giving the money I’ll double it by
giving the money I’ll double it by tomorrow now research shows that the
tomorrow now research shows that the
tomorrow now research shows that the women the female would be responsive in
women the female would be responsive in
women the female would be responsive in 3 percent of the cases and the male
3 percent of the cases and the male
3 percent of the cases and the male believe it or not will be responsive in
believe it or not will be responsive in
believe it or not will be responsive in about 27 percent of the cases which is
about 27 percent of the cases which is
about 27 percent of the cases which is totally mind-blowing and it’s all over
totally mind-blowing and it’s all over
totally mind-blowing and it’s all over the world to save picture it’s the same
the world to save picture it’s the same
the world to save picture it’s the same picture as well in here something you
picture as well in here something you
picture as well in here something you might want to think about on the weekend
might want to think about on the weekend
might want to think about on the weekend that’s the reason why women have a very
that’s the reason why women have a very
that’s the reason why women have a very different risk understanding than men
different risk understanding than men
different risk understanding than men have the cause remains the same also the
have the cause remains the same also the
have the cause remains the same also the man was to protect and wants to help his
man was to protect and wants to help his
man was to protect and wants to help his children but he’s got a different way of
children but he’s got a different way of
children but he’s got a different way of looking at risks there are several
looking at risks there are several
looking at risks there are several active
active
active is beside microfinance where you can
is beside microfinance where you can
is beside microfinance where you can basically help and improve it’s about
basically help and improve it’s about
basically help and improve it’s about renewable energy it’s about education
renewable energy it’s about education
renewable energy it’s about education it’s about providing insurance coverage
it’s about providing insurance coverage
it’s about providing insurance coverage you can empower women
you can empower women
you can empower women so microfinance has developed into all
so microfinance has developed into all
so microfinance has developed into all kinds of different topics and areas and
kinds of different topics and areas and
kinds of different topics and areas and is today you wouldn’t believe it it’s
is today you wouldn’t believe it it’s
is today you wouldn’t believe it it’s the fastest-growing asset class in the
the fastest-growing asset class in the
the fastest-growing asset class in the world the growth rate is about 30 to 40
world the growth rate is about 30 to 40
world the growth rate is about 30 to 40 percent and that’s beautiful because the
percent and that’s beautiful because the
percent and that’s beautiful because the money being pumped into the system is
money being pumped into the system is
money being pumped into the system is really helping and is reducing poverty
really helping and is reducing poverty
really helping and is reducing poverty dramatically that’s the last picture I
dramatically that’s the last picture I
dramatically that’s the last picture I want to show you I came back five days
want to show you I came back five days
want to show you I came back five days ago from Cambodia and this is all NASA
ago from Cambodia and this is all NASA
ago from Cambodia and this is all NASA we have been knowing her for several
we have been knowing her for several
we have been knowing her for several years when I met her first she was
years when I met her first she was
years when I met her first she was really a beggar she’s living at two
really a beggar she’s living at two
really a beggar she’s living at two hours out of seeum rep in agricultural
hours out of seeum rep in agricultural
hours out of seeum rep in agricultural area and she had nothing she asked for
area and she had nothing she asked for
area and she had nothing she asked for loan for $50 to buy a couple of hens
loan for $50 to buy a couple of hens
loan for $50 to buy a couple of hens because she wanted to sell out the eggs
because she wanted to sell out the eggs
because she wanted to sell out the eggs in the neighborhood so she was given the
in the neighborhood so she was given the
in the neighborhood so she was given the first $50 together with a one-day
first $50 together with a one-day
first $50 together with a one-day training session on some basic
training session on some basic
training session on some basic accounting standards just that she would
accounting standards just that she would
accounting standards just that she would know and understand what is a margin and
know and understand what is a margin and
know and understand what is a margin and what is the price of an egg she’s going
what is the price of an egg she’s going
what is the price of an egg she’s going to ask for now shree loans are cycles
to ask for now shree loans are cycles
to ask for now shree loans are cycles later on she basically has opened a
later on she basically has opened a
later on she basically has opened a total new world
total new world
total new world she has employed her entire family her
she has employed her entire family her
she has employed her entire family her friends are working for her it’s a small
friends are working for her it’s a small
friends are working for her it’s a small and mid-sized company with over 15
and mid-sized company with over 15
and mid-sized company with over 15 people working for her in the back you
people working for her in the back you
people working for her in the back you see a couple of hands and docks it’s
see a couple of hands and docks it’s
see a couple of hands and docks it’s difficult to see she’s got two and a
difficult to see she’s got two and a
difficult to see she’s got two and a half thousand ducks and I think about
half thousand ducks and I think about
half thousand ducks and I think about 8,000 hens and anybody of you who
8,000 hens and anybody of you who
8,000 hens and anybody of you who potentially you know will be somewhere
potentially you know will be somewhere
potentially you know will be somewhere in a hotel close to siem rep and have a
in a hotel close to siem rep and have a
in a hotel close to siem rep and have a breakfast egg that is most likely going
breakfast egg that is most likely going
breakfast egg that is most likely going to be come from her form and the amazing
to be come from her form and the amazing
to be come from her form and the amazing thing is
and the amazing thing is she’s making
and the amazing thing is she’s making profits on a monthly basis of over one
profits on a monthly basis of over one
profits on a monthly basis of over one thousand US dollars today and the
thousand US dollars today and the
thousand US dollars today and the average income in Cambodia today per
average income in Cambodia today per
average income in Cambodia today per month is $80
month is $80
month is $80 she has become one of the most my I
she has become one of the most my I
she has become one of the most my I wouldn’t call it wealthiest but
wouldn’t call it wealthiest but
wouldn’t call it wealthiest but successful businesswomen in the area and
successful businesswomen in the area and
successful businesswomen in the area and now she’s starting to help she’s
now she’s starting to help she’s
now she’s starting to help she’s starting to employ other people so it’s
starting to employ other people so it’s
starting to employ other people so it’s very small money initially but the
very small money initially but the
very small money initially but the impact is phenomenal
impact is phenomenal
impact is phenomenal and I would all like to ask you to
and I would all like to ask you to
and I would all like to ask you to participate in helping to include
participate in helping to include
participate in helping to include excluded the 2.3 billion colleagues and
excluded the 2.3 billion colleagues and
excluded the 2.3 billion colleagues and friends and families out there they want
friends and families out there they want
friends and families out there they want to be part of our system we can all help
to be part of our system we can all help
to be part of our system we can all help we can help with very small money the
we can help with very small money the
we can help with very small money the impact is phenomenal thank you very much
impact is phenomenal thank you very much
impact is phenomenal thank you very much [Applause]
[Applause]
[Applause] [Music]
”
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