Special Feature: ADFIAP Award Winners 2014

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Increasing Indigenous People’s Income through Social Entrepreneurship and Rural Development
“Alalay sa Kaunlaran,” Inc. (ASKI) or Partner in Progress in English, lives up to its name as it implements projects and services which support and extend beyond its microfinance program, with a particular focus on marginalized and disadvantaged groups. One of the projects it has undertaken was the “Increasing Indigenous People’s Income through Social Entrepreneurship and Rural Development” which was initiated after an agreement with San Miguel Food Inc. (SMFI), a large Philippine company, to establish market linkages between impoverished indigenous peoples (IPs) farmer communities in Northern Philippines and SMFI’s cassava production project. This project aims to build the capacity of farmer groups to increase cassava production and generate sustainable source of income. It also provides technical assistance in cassava farming and sustain farming traditions in the communities; extend financial support to farmers to enable them to meet the target volume of products to the market; and strengthen the leadership capacity of the organized farmer groups. With this project, the cassava growers now have a secure market through the ASKI Multipurpose Cooperative and SMFI. The project has created a positive effect on the lives of the farmers as they were able to finance the education of their children and submit their proposals to the local government units which resulted to the construction of facilities like solar dyers, multi-purpose buildings and the provision of farm equipment like thresher, tractor and granulator. The project is now being eyed to be replicated in two areas as potential supplier of granulated cassava to SMFI covering 100 hectares.

ASKI’s ‘Increasing Indigenous Peoples’ Income through Social Entrepreneurship and Rural Development’ project was winner of the ADFIAP Outstanding Development Project Award 2014 under the Local Economic Development category.

Financing clean energy
When it comes to financing clean energy, the Fiji Development Bank (FDB) is always at the forefront in the Pacific region. In 2013, FDB provided a total of FJD$2.17 million (USD1.22 million) for the financing of two projects of SunergiseFiji Limited, a solar power company whose core business is to deliver solar power to governments, businesses, homeowners and communities. The company’s projects included the “Port Denarau Marina in Nadi and the Future Farm Factory (broiler) in Ba, respectively. These projects were financed under the Sustainable Energy Financing Facility (SEFP) which is available through the Reserve Bank of Fiji’s Import Substitution and Export Finance Facility (ISEFF) at a concessional rate of 5%p.a. ISEFF is available through the FDB and also other local financial institutions. With the Port Denarau Marina Project, Sunergise installed 122KW solar panels capable of generating 190,000 kWh annually, making it the largest such project for a marina anywhere in the world at the time, as well as the largest on-grid commercial power generator in Fiji. The Port Denarau Marina rooftop solar system provides clean, green sustainable power for a community at the front line of climate change. For the Future Farms project, Sunergise installed 250KW roof-mounted solar panels at the poultry farm for on-grid connection. The benefits of financing such projects helps Fiji reduce its reliance on fossil fuels for the generation of electricity. Aside from the immediate environmental benefits, these will also provide substantial savings in operating cost for businesses which can potentially translate into better wages and benefits for employees.

FDB’s “Sunergise Fiji Limited” was winner of the ADFIAP Outstanding Development Project Award 2014 under the Infrastructure Development category.

Entrepreneurship Development Program for Young Graduates
Tekun Nasional Malaysia is cognizant of the rising number of unemployed graduate that Malaysian colleges and universities produce each year. In 2010 alone, the Department of Statistics (DOS) Malaysia found out that 65,000 graduates were unemployed and they were predominantly between the ages of 20-29. Because of this, Tekun Nasional has designed the “The Young Graduate Entrepreneurship Development Program” to help this young graduates become successful entrepreneurs. Tekun Nasional has conceived the idea of the “PERINTIS” program to the Economic Planning Unit (EPU) of the Prime Minister’s Department. This programme provides young and aspiring entrepreneurs with entrepreneurship training, business innovation, business proposal, training on business management, and loan facility. Tekun Nasional had allocated a fund of RM15 million for the program and partnered with colleges and universities in providing the necessary training, business opportunities and start up loans to these young graduates. The collaboration between Tekun and Nasional and Malaysian Universities has further enriched SME business in Malaysia, with new graduate as entrepreneurs. With this programme, Tekun Nasional is helping the Malaysian Government empower SMEs, the major contributors to the growth of Malaysian economy. On its latest record, Tekun Nasional has already provided microcredit facilities of RM2.96 billion to 278,852 entrepreneurs, 63,323 of which are young entrepreneurs.

Tekun Nasional’s “The Young Graduate Entrepreneurship Development Program” was winner of the ADFIAP Outstanding Development Project Award 2014 under the Human Capital Development Category.

Business Continuity Management (BCM) Rated Loan Program
Development Bank of Japan Inc. (DBJ) has always been ready to help in times of disaster. DBJ’s tract record includes schemes to supporting the recovery of disaster stricken areas through anti-disaster measures and financing related to disaster recovery. In addition, from the standpoint of business continuity management, DBJ assists clients’ total enterprise risk management efforts, including the formulation of business continuity plans (BCPs), the earthquake proofing of facilities, and the preparation of IT backup systems. At the same time, DBJ provides new financing methods to assist disaster recovery, including recovery finance and alternative risk transfer finance. In 2006, DBJ introduced the financing employing DBJ Disaster Preparedness Ratings, which evaluate companies and selected those engaged in high-level initiatives and anti-disaster and business continuity measures and provide them with preferential interest rate financing as a reward for their excellent disaster preparedness. Financing conditions are set on the basis of the assessment. In this manner, DBJ introduced the world’s first disaster preparedness-based financing method. DBJ revised its financing menus substantially in 2011 as a result of the Great East Japan Earthquake. Enterprise business continuity activities are assessed comprehensively, including resilient strategies and systems for recovering in the event of crisis materializes. The DBJ Disaster Preparedness Rating is an expression of the evaluation results and promotes broad awareness of the concept of BCM. Aiming to realize the goal of a resilient Japanese society through disaster preparedness ratings, in 2012, DBJ changed the name of these ratings to “DBJ Enterprise Disaster Resilience Rated Loan Program.” DBJ will continue to promote enterprise risk management and business continuity through the DBJ Enterprise Disaster Resilience Rated Loan Program.

DBJ’s “Business Continuity Management Rated Loan Program” was winner of the ADFIAP Outstanding Development Project Award 2014 under the SME Development Category.

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