Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Corporate Engagement, Good Business

Corporate Foundation Partners with Social Enterprise to Address Poverty


Thursday, 4th August 2011 at 12:58 pm
Staff Reporter
A $1 million gift from the Origin Foundation is set to show how innovative philanthropy joined with innovative microfinance can create change for people living in poverty throughout the Asia Pacific region..

Thursday, 4th August 2011
at 12:58 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Corporate Foundation Partners with Social Enterprise to Address Poverty
Thursday, 4th August 2011 at 12:58 pm

A new partnership between The Origin Foundation and social enterprise, Good Return, is set to show how innovative philanthropy allied with innovative microfinance can create change for people living in poverty throughout the Asia Pacific region through loans and education.

Good Return is a social enterprise that helps families in the region to lift themselves out of poverty by providing small loans, from as little as $25, which they can use to start or build a business.

Loans are facilitated through www.goodreturn.org, a new lending website that allows Australians to choose how much they would like to lend and which individual they would like to support.

The Origin Foundation has provided a gift of $1 million to Good Return, increasing their capacity to facilitate loans tenfold over the next three years. In addition to this financial contribution, Origin employees will also volunteer their professional skills and expertise in energy solutions to help Good Return tackle key projects.

The Origin Foundation is a newly formed perpetual philanthropic foundation established and funded by corporate Origin Energy.

Good Return CEO Guy Winship says this extra support would help to further develop Good Return as a social enterprise, impacting the lives of more than 40,000 people in Asia Pacific, where more than two-thirds of the world’s poor live, by generating 8000 new loans.

Winship says the partnership will generate value far in excess of the initial donation from the Origin Foundation. When borrowers repay donated loans, Good Return uses it to invest in financial and functional literacy and livelihood programs for the borrowers and the micro-finance lenders.

He says so far the literacy and financial education programs have helped more than 2000 women.

Sean Barrett, Head of The Origin Foundation says it was this multiplier effect and focus on education that made the Good Return gift so compelling.

Barrett says the Origin Foundation believes in the power of education to change lives and a Good Return loan not only helps these people to lift themselves out of poverty, but also provides much needed education, helping these women to make good decisions about how to manage their new income.

Guy Winship says the Origin Foundation’s Engaged Philanthropy model provides not only financial support but access to the expertise of people who can research all of the options available and evaluate each from a technical, financial and environmental perspective.

For more information go to www.goodreturn.org and www.originfoundation.com.au



Guide to Giving

FEATURED SUPPLIERS


Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

Yes we’re lawyers, but we do a lot more....

Moores

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Thinkers Look to Melbourne to Grow SA Purpose Economy

Wendy Williams

Thursday, 21st September 2017 at 4:44 pm

Australian Organisations Score in the Top 10 Per Cent of B Corps Globally

Luke Michael

Monday, 18th September 2017 at 5:03 pm

New CEO to Lead TDi into Next Phase as Bessi Graham Stands Down

Wendy Williams

Friday, 15th September 2017 at 9:46 am

Australian Companies Recognised for Changing the World

Luke Michael

Wednesday, 13th September 2017 at 5:02 pm

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!