World Vision Sample Clauses

World Vision. World Vision is Australia’s largest international development agency, with more than 60 years of experience. The value World Vision brings to this memorandum is in its experience of administering development through a global network of almost 100 countries with a staff of over 40,000 people. It is a highly regarded and experienced development agency with a proven track record of working with governments and communities, both internationally and domestically, to bring about sustainable change for impoverished children and their families, not only economically but also more broadly in terms of capability and social participation. Through its Australia Program, World Vision Australia has worked with Australian Indigenous communities since the mid-1970s, initially through leadership programs and now playing a more facilitative role in communities to progress development programming. World Vision Australia has firsthand experience of the unique development context of Indigenous communities and the structural impediments that exist within the system of Indigenous Affairs and which can unintentionally work against progressing community driven development. Of particular importance to this memorandum is World Vision Australia’s expertise in administering development programs and systems within a large and complex institutional structure and in partnering with governments to identify and progress the structural changes government must consider in building an enabling and accountability framework within which community driven development can occur. This memorandum is between the Minister for Families, Community Services and Indigenous Affairs, on behalf of the Australian Government, the Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) and World Vision Australia (WVA).

World Vision. The World Vision program is running projects in six areas. 80% of the beneficiaries are 20% local population. The World Vision micro-credit scheme offers credits of up to 1,500 per case with an average of $450. The number of small businesses started is reported at about 4600. The normal credit period is 7 months. Thirty-five percent of loans are to repeat borrowers who have repaid earlier loans. At the moment there are about outstanding loans with a total volume of about $344,000. During the lifetime of the program there have been some 23,000 beneficiaries employed and supported. The repayment rate has been and operational sustainability 70%. The program has different credit ceilings with different interest rates. For start-ups loans are between $100-$800 with an interest rate of 3% per month and a maturity of 3-6 months. For advanced projects loans are $100-$1000, with 3% per month interest and maturing in 3-12 months. For clients who have already successfully paid back one credit, loans are 1,500, the interest rate is 2.5% per month, and maturity is 3-12 months. There is a large variety of projects that were financed: 32% trade, 8% services car repair, xxxxxx shop), 33% production (knitted and sewn apparel), 27% agriculture livestock, cattle, poultry). According to World Vision, repayment performance has deteriorated in recent months, probably reflecting general economic stagnation. Like Finca, World Vision is facing problems with the authorities its legal status as an humanitarian organization and a non-banking lending organization. Registration will end up requiring taxes on the income of the employees as well as VAT. The authorities’ concern is suggested by NBA statistics showing a large increase in 1999, to about 50 in registrations of non-banking lending organizations. It was not yet possible to get the names of these newly registered organizations. World Vision made an attempt to support applicants who showed strong entrepreneurial skills with larger credits between $1,500 and $10,000. There were more than 20 applications out of which 4 were selected and approved. These four credits, among others for the establishment of a bakery and for a leather jacket production operation, proved viable and loans were repaid according to contract. At the same time these companies failed to get the necessary status and to be registered. This exposed them to possible actions by the authorities. World Vision decided to stop this type of program, but the attempt tha...

World Vision. World Vision is very active in the ger areas of Ulaanbaatar with programs in health, education, leadership, religion and economic development. In the economic field, they are beginning a group lending microfinance program in August 2003. This program will be an add-on to their present business training program. It will be operating in four Ger Areas including: Dari-Eh and Amgalan in Bayanzurkh District and Bayanhoshuu and Toilgoit in Songino Khairkhan District. It is scheduled to begin operations in other Districts next year.