Other than that, there has been a lot going on over the last few months. We were particularly busy obtaining the microfinance license for Myanmar, which we finally got last October. As we were well prepared, we could immediately start our activities in remote rural areas around Mandalay and have nearly 2500 customers to date. We have a committed team of 20 employees on site, with the aim of satisfying the credit needs of 4000 – 5000 families by the end of 2017 and supporting around 500 children with school grants.
Meanwhile, we are serving over 20’000 microfinance customers in Vietnam and India, where our partnership with STEP keeps flourishing.
We have over 20 million US$ loans disbursed, issued a total of 12,505 scholarships over the last years, built 28 kindergartens, built and operate 35 mobile schools/libraries in which have trained more than 50,000 children in the past years.
The goals of our foundation which we have set five years ago, remain the same:
To get one million people out of the poverty trap in a sustained matter with microfinance and education by 2025.
The good news is that we will most likely reach our goals in 2021/22 already. In order to achieve this, we will expand our microfinance activities in Vietnam, Myanmar and India massively, and we expect fifty thousand customers by the end of 2019 at the latest.
We also have aspiring goals for our mobile schools. This model, which we developed, is very efficient and shows great results. Today, we offer basic computer skills courses for children in rural areas that do not normally have access to computers and the Internet. To ensure that these children do not miss out on the connection to digital development, we will also offer basic courses for programming. Our ambitious goal is to train 150,000 to 200,000 children through such courses over the next three years.
And last but not least, in January, during our meeting on the Mekong River Delta, we established the Asia Advisory Board, something that I had in mind for a long time. The Advisory Board has the purpose to consult and advice the Management and the Board of Trustees of The Dariu Foundation with their knowledge and experience. You can find the members and their bios here.
As always, it would still be wonderful to see you in Asia sometime, so you can visit some of our projects in the field. Please contact Manuela Nieth (email@example.com) in case you are interested, she is happy to help with any kind of organisation.
For more detailed information, you may download our annual report here, fresh off the press.
Thank you for your continuing support and have a wonderful summer ahead of you!