Overview
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History of VANWODS
Profile of VANWODS
Some of the Principles that Shape our work
Impact of VANWODS
Products of VANWODS
Threats from PACER Plus
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VANWODS history
• VANWODS History
– Started in 1996 by UNDP
– 1997 a project of the Department of Women’s Affairs backstopped by
UNOPS
– 2001 an NGO registered under the Charitable Associations Act owned
by the members
– 2003 was in dire straits
– 2004 received 45 million vatu from the Vanuatu government and its
partners. Contract Management from the Philippines
– 2008 New Constitution, Local Management, Local Board of Trustees
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VANWODS vision/mission
Vision/Mission:
To be a respected leader in the Provision
of Accessible Financial and Business
Development Services for all Ni-Vanuatu
to live with dignity and security
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Number of Savers in VANWODS
5039
4918
3549
2870
436
2001
724
651
505
2002
2003
2004
1598
1721
2005
2006
2007
2008
2009
2010
Value of Savings
160000000
143,282,861
140000000
120000000
94,192,294
96,173,596
100000000
80000000
73,259,806
47,375,596
60000000
29,434,495
40000000
20000000
12,272,677
9,000,000
15,353,669
14,616,607
0
1
2
3
4
5
6
7
8
9
10
Number of Borrowers
6000
3547
2986
5000
2156
4000
2637
1453
565
3000
1496
262
2000
337
436
1000
0
1
2
3
4
5
6
7
8
9
10
Loans Outstanding at the end of each
period
100000000
89,810,248
90000000
80000000
75,994,460
56,992,580
70000000
60000000
55,768,249
50000000
26,498,549
40000000
20,329,639
30000000
20000000
5,327,514
2,719,025
10000000
4,902,675
4,258,778
0
1
2
3
4
5
6
7
8
9
10
Cumulative Loan Released
900000000
769,363,500
800000000
700000000
668,219,500
600000000
500000000
480,900,922
400000000
314,570,509
300000000
200000000
100000000
0
51,785,509
42,965,509
32,130,109
1
168,465,509
2
46,150,509
3
4
93,165,509
5
6
7
8
9
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VANWODS Impact
• My husband left me and I did not know
how to support my three children
• I used to sleep with my children in a kava
bar
• I used to be ashamed of hanging my
children’s clothes out to dry
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VANWODS Impact…
• World Education Australia Impact
Assessment in 2007
–Increased household income
–Improved Housing
–Greater Access to Education
–Greater Respect for Women
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VANWODS viz-a-viz other institutions
Ownership
Women Own VANWODS, who owns the other institutions?
Access to
Credit
Everyone who saves in VANWODS has a right to take loans
from VANWODS. Do all institutions that accept savings
allow the savers to borrow funds from their savings
institution?
Velocity of
Money
VANWODS has high velocity of money so that more people
can be served with the same pool of funds.
Benefits
VANWODS is about Community Enterprises. Other
institutions support individuals and companies who have
high net worth.
RISKS
VANWODS engages with Christian Principles and
Melanesian Values. What about other institutions?
VANWODS Princples
Four fundamental principles:
1. Get up in the morning and work
2. Save a little each week
3. Be trustworthy
4. Always work together
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Seven habits of effectiveness
7 Habits of highly effective people
1.
2.
3.
4.
5.
6.
7.
Mi masta blong mi wan
Mi setem kampas blong laef blong mi
Mi putum fes samting fes taem
Mi win yu win
Mi gat andastanding mo mi tok klia
God ikam insaed long laef mo wok blong mi
Mi sharpenem saw blong laef blong mi
VANWODS Products
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Solidarity Micro-savings & loans
MICRIOPEPS
Seasonal Employee Finance
Public Transport Finance
Solar Light Product
Sandalwood Product
Financial Literacy
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Possible Threats from PACER Plus
• Rescinding of regulation 41 of 1999
by the Minister of Finance
permitting VANWODS to operate
• Dumping of imported, non-organic
fruits & vegetables from Aus & NZ
• Public funding of A&NZ financial
services to crowd out VANWODS
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Possible Threats from PACER Plus…
• Welfare paradigm as opposed to
independence paradigm
• Higher rates of VAT
• No access to land for the VANWODS
mamas to grow our own
• Elimination of opportunities for
micro-enterprise
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Possible PACER Plus Opportunities
• Growth of Seasonal Employment
• Opportunities for growth of Small
and Medium Enterprises
• Better investment in infrastructure
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Conclusion
• The livelihood of VANWODS mamas
stems from traditional economy. Land,
Labour & Capital are all factors of the
traditional economy. We use these first
to support our livelihoods but where
opportunities arise, also use the same
factors of productivity to raise cash to
support our communities.
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Summary
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History of VANWODS
Profile of VANWODS
Some of the Principles that Shape our work
Impact of VANWODS
Products of VANWODS
Threats from PACER Plus
19