As we embark on 2014, we wanted to share highlights from 2013. These would not have been possible without the generous support from all of you. Thank you!
In 2013, Friendship Bridge:
- Maintained an excellent portfolio quality with 1.27% in write-offs, or $55K, and ending the year with PAR>30 of 0.43% – continuing to be one of the best portfolio results in the industry
- Increased the number of clients from 15,750 to 19,969
- Friendship Circles raised over $205,000 to support our mission
- Promoted 7 employees, 42% of promotions went to women
- 11.8% of new hires were clients
- 517 clients attended advanced education or technical training
- Conducted nearly 19,000 surveys to enhance programming,
- Presented FB’s Social Performance Management at the Latin America Village Banking Forum 2013 in Ecuador
- Implemented a new database – GoProve – to assist in measuring impact
- Launched new website to raise awareness and funds for FB clients
- Published in Grameen Foundation’s Blog for our work with PPI
- Offered tuition reimbursement for 16 employees in Guatemala
- Initiated clean stove loan, part of our health initiative program
- Instituted an education loan product at a low interest rate to help clients prioritize education for their children
- 100% of FB Board of Directors supported our work with financial contributions
