...In April 2007, a Mexican Microfinance company stunned the world by issuing shares which were priced at twelve times book value and which were oversubscribed thirteen times! When Carlos Danel and Carlos Labarthe founded their NGO they could not possibly have dreamed that they would be so successful. Compartamos AC was an NGO established in 1990 as a not-for-profit institution to provide microcredit to poor people. During the period 1990-2000, this NGO received donor funds of $6.3 million. Donors included the CGAP, a donor organization associated with the World bank2, as well as Accion International who was financed by US Aid. Thus, donor agencies were the principals and Compartamos AC was the agent whose mission was to aid the poor by offering them credit. In 2000, a for-profit finance named company Financiera was Figure 1: Organisational relationships Public funds Development bodies : CGAP, IFC Compartamos formed with a paid-in capital of $ 6 million. The goal was to make the management more professional and Private funds Accion 68% Compartamos (for-profit) Compartamos AC (NGO) 32% aggressive to reach its targeted outreach to ensure financial sustainability thorough economies of scale. The shareholders of Financiera Compartamos included the NGO, Compartamos AC, as well as Profund, Accion International and IFC, the private lending arm of the the World Bank group. Together, these agencies with 1 The case has been prepared by Professor Arvind...
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...multiple nations, although some bilateral financial institutions exist and are technically IFIs. Many of these are multilateral development banks (MDB). WHAT ARE INTERNATIONAL FINANCIAL INSTITUTIONS (IFI’S)? World Bank Group (WBG): * International Bank for Reconstruction and Development (IBRD) * International Development Association (IDA) * International Finance Corporation (IFC) * Multilateral Investment Guarantee Agency (MIGA) * International Centre for Settlement of Investment Disputes (ICSID) International Monetary Fund (IMF) Regional development banks, such as: * African Development Bank (AFDB) * Asian Development Bank (ADB) * Inter-American Development Bank (IADB) * Bank of the South * European Bank for Reconstruction and Development (EBRD) Other regional financial institutions e.g. European Investment Bank (EIB) Export Credit Agencies of individual country governments, such as: 1. US Export Import Bank (EXIM) 2. Japan External Trade Organization Hermes Kreditversicherungs (Germany) INTERNATIONAL FINANCIAL INSTITUTIONS: Their common goal…… * to reduce global poverty and improve people's living conditions and standards; * to support sustainable economic, social and institutional development; and * to promote regional cooperation and integration. WORLD BANK GROUP:...
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...DBL GROUPS DBL Group is a diversified and integrated knit garments manufacturing & composite industry with strong backward linkage. The group started its business in 1991 and currently has facilities for spinning, fabric knitting, dyeing and finishing, garments, washing, packaging and printing. DBL Group is one of the largest and 100% export oriented composite knit garments and textiles manufacturing industry in Bangladesh. It is supplying quality apparels across the world to the best of the retailers and the biggest brands of the fashion industry. Vision The vision of DBL Group is to "Extend our leadership through World Class Performance". Mission The mission of DBL Group is to develop a progressive, empowered and consumer focused corporate culture to enhance market leadership along with the passion of corporate social responsibility OBJECTIVE DBL Group aims to sustain the confidence which has been endowed on them by the society and grow further as a distinctive business house for our customers, employees, associates and stakeholders Financial Statement and Employee Total export of the group reached USD 352 million in 2013. DBL Group currently employs about 15,700 people. we have embarked on a growth plan that is expected to truly transform our organization. By next year, our home textiles, ceramics, pharmaceuticals and leather industry will be in operation. Our projected turnover would be USD 550 Million and we will employ over 37,000 people...
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...ASPIRATIONS OF THE RESERVE BANK OF INDIA The Reserve Bank of India (RBI) is India's central bank or 'the bank of the bankers'. It was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the RBI, initially set up at Kolkata, is at Mumbai. The RBI is fully owned by the Government of India. The history of the RBI is closely aligned with the economic and financial history of India. Most central banks around the world were established around the beginning of the twentieth century. The Bank was established on the basis of the Hilton Young Commission. It began its operations by taking over from the Government the functions so far being performed by the Controller of Currency and from the Imperial Bank of India, the management of Government accounts and public debt. After independence, RBI gradually strengthened its institution-building capabilities and evolved in terms of functions from central banking to that of development. There have been several attempts at reorganisation, restructuring and creation of specialised institutions to cater to emerging needs. The Preamble of the RBI describes its basic functions like this: '...to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.' The vision states that the RBI '...aims to be a leading central bank with credible, transparent...
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...BARCLAYS BANK | Final report | Management | Antoine Carricano ; Guillaume D’Armaillé ; Camille Richez ; Ethan Perl; Luyue Fan; Ting Fang;01/12/2015 | Table des matières Introduction: 2 Interview (Part 1) BARCLAYS PREMIUM BANK 2 Interview (Part 2) BARCLAYS PREMIUM BANK 4 Conclusion: 5 Introduction: * Brief introduction of Barclays Bank * Barclays Bank,one of the largest scale bank and financial institution in the world, with headquarter in the UK,was founded in 1690. As the oldest bank in the UK, it has more than 300 years' history and is the first bank which possess ATM in the world. Barclays Bank is global seventh largest bank with total assets around 1.49 billion pound. * Scale of Barclays Bank * Centering on the UK,Barclays Bank provides financial service,which mainly focus on the investment and banking industry.Also, the bank has branches in other countries with its strong influence.The scope of Barclays Bank has covered more than 60 countries,containing all financial centers.It has more than 139,200 employees worldwide,with 55,300 employees work in the UK. * Main business * Global retailing * The business of GRCB contains the business of the UK retailing bank, commercial bank of Barclays Bank, credit card and international retailing of Barclays Bank.The business of credit card of Barclays Bank provides credit cards and the business of consuming loans,which could help retailers deal with the payment service and...
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...strategies using trade credit offsets, to the Mongolian market has the potential to accelerate the market engagement strategies of this culturally rich, resource endowed Mongolia. The M-ICP (www.m-icp.com) is a newly established company in Mongolia which provides ethical, innovative business, finance, and policy advisory services to businesses, communities, government and other development stakeholders. A core mission of M-ICP is the promotion and support of global innovation and technologies, innovative financing, global innovation commons and heritable innovation knowledge in a breakthrough ways. The M-ICP founded by four Mongolian professionals and Ms. Nergui Dorj is a Founding Chief Executive Director. She is an economist, banking and finance specialist and development practitioner - graduate of Moscow Financial Academy, Australian National University and University of Wollongong, Australia. Ms. Nergui Dorj had been an active player in Mongolia’s transition from centrally planned to a market oriented economy and worked in senior positions of the Bank of Mongolia, the central bank, Institute of Finance and Economy, Economic Policy Support Project, DAI/USAID, Prime Minister’s Office of Mongolia, UNDP Mongolia and UNDP Samoa. She also...
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...www.elsevier.com/locate/worlddev World Development Vol. 30, No. 9, pp. 1539–1560, 2002 Ó 2002 Elsevier Science Ltd. All rights reserved Printed in Great Britain 0305-750X/02/$ - see front matter PII: S0305-750X(02)00058-X Women in Sustainable Development: Empowerment through Partnerships for Healthy Living CLAUDIA MARA VARGAS * I University of Vermont, Burlington, USA Summary. — This article seeks to take partnerships seriously. Specifically, it is concerned with the nature, opportunities, and challenges facing women’s nongovernmental organization (NGOs), which seek to make real contributions to sustainable development. It uses a case study of COFERENE, a successful women’s NGO in Costa Rica, to explore the nature of partnerships, the contextual factors that shape them, the successes that can be realized from their wise use, and the potential problems that may arise. There are lessons, both optimistic and cautionary, to be learned from COFERENE’S experiences. This article analyzes these lessons. In synthesis, partnerships are complex and demanding, though there are cases in which women’s NGOs have used them effectively to foster sustainable development. Ó 2002 Elsevier Science Ltd. All rights reserved. Key words — geographical focus: global, country specific: Costa Rica, sustainable development, partnerships, culture, nonprofits A woman said that her father was a street sweeper. If some people consider this a humble job, her opinion was that a person who has the job of...
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...information about the organization or team attempting to reach the goals. With for-profit entities, external stakeholders include investors and customers.[2] External stake-holders of non-profits include donors and the clients of the non-profit's services.[3] For government agencies, external stakeholders include tax-payers, higher-level government agencies, and international lending bodies such as the International Monetary Fund, the World Bank, various economic agencies of the United Nations, and development banks. Internally focused business plans target intermediate goals required to reach the external goals. They may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or a restructuring of the organization. An internal business plan is often developed in conjunction with a balanced scorecard or a list of critical success factors. This allows success of the plan to be measured using non-financial measures. Business plans that identify and target internal goals, but provide only general guidance on how they will be met are called strategic plans. Operational plans describe the goals of an internal organization, working group or department.[4] Project plans, sometimes known as project frameworks, describe the goals of a particular project. They may also address the project's place within the organization's larger strategic goals.[5] Business plans are decision-making tools. The content and format...
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...approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. • PROMOTER HDFC is India's premier housing finance company and enjoys an impeccable track record in India as well as in international markets. Since its inception in 1977, the Corporation has maintained a consistent and healthy growth in its operations to remain the market leader in mortgages. Its outstanding loan portfolio covers well over a million dwelling units. HDFC has developed significant expertise in retail mortgage loans to different market segments and also has a large corporate client base for its housing related credit facilities. With its experience in the financial markets, a strong market reputation, large shareholder base and unique consumer franchise, HDFC was ideally positioned to promote a bank in the Indian environment. • BUSINESS FOCUS HDFC Bank's mission is to be a World-Class Indian Bank. The objective is to build sound customer franchises across distinct businesses so as to be the preferred provider of banking services for target retail and wholesale customer segments, and to achieve healthy growth in profitability, consistent with the bank's risk appetite. The bank is committed to maintain the...
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...Poverty is the biggest menace of the world and has more formidable dimensions in India. And poverty has numerous definitions given by different people/organizations. However, lack of minimum civic basics like food, shelter, clothing, sanitation, safe water and schooling etc. are the common factors. Lack of education deprives people from voicing their feelings, needs and demands to the state authorities and they continue to suffer. They suffer from malnutrition and under nutrition so easily fall prey to serious health issues due to reduced immunity power. Poverty is also defined by another parameter which is per-capita/per-day income, which as per World Bank parameter is an income of less than 1.25$. In India this figure stands at Rs. 28/- and...
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...Tourism 8 The property boom 8 Part II: The Market Environment 8 Characteristics of the UAE market 8 Investment environment 9 Sovereign Wealth Funds (SWFs) 9 Foreign Trade 10 Australian bilateral relations 10 Australian business 10 Taxation 10 Legal environment 10 Tenders 11 Part III: Doing Business in the United Arab Emirates 11 Practical advice on entering the market 11 Where to get advice and help 11 Developing a strategy 12 Market research 12 Visiting the UAE 13 Visas 13 Time your visit well 13 Local holidays 13 Arriving in the UAE 13 Getting around 13 Visit programs 14 Hotels 14 Tips and tricks 14 Trade missions 15 Missions to Australia 15 Trade exhibitions 15 Health and safety 15 Personal behaviour 15 Import Procedures 15 Customs and regulatory environment 15 Documentation 16 Packaging and labelling 16 Agency representation 16 Professional services 17 Franchising 17 Review of options for representation in the UAE. 18 Major industry sectors in the United Arab Emirates 19 Oil and petrochemicals 19 Aluminium 19 Cement 19 General manufacturing 19 Building and construction 19 Water resources 20 ICT 20 Internet 20 Food and beverages 20 UAE retailing 21 Healthcare 21 Automotive 21 Banking and finance...
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...The United States Federal Reserve System was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system (2005). Over time the Federal System has expanded into additional areas to include globalization, technology, innovation, diversity, and ethics. The Federal Reserve System is an organization that should demand more attention. This private organization affects global markets by playing an important role as the reserve currency of the world. Moreover, the Federal Reserve is impacted by the world financial markets. The Federal Reserve affects global markets by setting interest rates, establishing the nation’s monetary policy, and by controlling the printing of U.S. dollars. Interest rates are important to the global economy because it determines the supply and demand of U.S. exports and dollars. Furthermore, changes to the monetary policy affect the value of the dollar on currency markets (2005). Higher interest rates establish the assumption of a strong economy; therefore, the cost of imports is lower and the cost of exports higher. For this reason, market investors pay close attention to data releases and statements by the Federal Reserve in order to adjust to changes to the monetary policy. The Federal Reserve implements its monetary policy through its control over the federal funds rate—the rate at which depository institutions trade balances at the Federal Reserve (2005). Essentially changes to the value...
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...CASE ANALYSIS STEP 1 IDENTIFY THE FIRM’S EXISTING VISION, MISSION, OBJECTIVES AND STRATEGIES This is the current vision and mission statement of our bank. VISION: We help fulfil the dreams of Filipino SMEs, their families and their communities MISSION: We are the total bank for SMEs. We customize our products and services to the needs of our chosen market. We are proud of our developmental role that we go out of our way to live it. Our clients are happy with us that they link us up with potential clients, other entrepreneurs and their business partners. Our people are high performing and passionate about their jobs. Our stakeholders are proud to realize their development mission and are rewarded by increased shareholder value. We strive to be responsible stewards of the environment. We contribute to the growth of the communities we serve and assist in poverty alleviation and nation building. OBJECTIVES: Plantersbank has the honor of being one of three banks in the world cited in a paper presented at the Harvard Business School Conference on Global Poverty for its strong "double bottom line," an approach that combines profitability and pursuit of social development projects. Now, Plantersbank defines its framework for a triple bottom line approach by combining profit, social returns...
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...human suffering (Worth, 2012, p. 20). Volunteerism is defined as a very active process that requires active involvement with either the beneficiaries directly or an organization or group that serves a specific population in need (Worth, 2012, p. 20, 21). Virtually all cultures and religion include some emphasis on the importance of service to others, which includes giving or voluntary action (Worth, 2012, p. 19). The Bible teaches us, “Then the righteous will answer him, Lord, when did we see you hungry and feed you, or thirsty and give you something to drink? When did we see you a stranger and invite you in or needing clothes and clothe you? When did we see you sick or in prison and go to visit you? The King will reply, truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me” (Matthew 25:31-46, NIV). This paper will examine the importance of a Christian worldview as it relates to nonprofit organizations. It will also evaluate and assess various nonprofit organizations. Section 1 When managing a nonprofit organization, it’s extremely important to have a Christian worldview. A worldview can be defined as the framework from which we view reality and make sense of life and the world, it is the sum total of our beliefs about the world (Tackett, n.d.). “It’s any...
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...strategic management involve into this case study | 12-14 | 05 | Few appropriate models that suit this case study and demonstrate an accurate understanding of the business models used and relate them to this case study | 15-19 | 06 | Produce a clear analysis | 20 | 07 | Findings | 21 | 08 | Reflexive Report | 22 | 09 | Reference | 23 | Executive Summary Sanasa Development bank is a company duly incorporated under the Companies Act No. 17 of 1982 and registered under the companies Act No 07 of 2007. SDBL presently functions as a Licensed Specialized Bank under a banking license dated 21st August 1997 issued by the Central Bank of Sri Lanka. This bank is an outcome of a visionary leader Dr.Kiriwandeniya who initiated a world recognized movement SANASA. (Sekasuruwm ha nayaganudenu pilibada samoopakara samithiya)Growing up a devout Buddhist, he was naturally drawn to finding a “middle way”; he has always shown a capacity to find a practical but honorable method to accomplish what needs to be done. The bank operates through a network of branches totaling 82 with...
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