NIST Development Bank Packet

Attn.

Thank you for giving us the opportunity to share with you what we do. We believe there is much potential in the field of social entrepreneurship and microfinance, especially when such an initiative started from the voice of the students. In supporting our operations, you will be enriching community & service at NIST, and through their student-led events and projects, contribute to making a long-lasting impact all their various beneficiaries, such as endangered forests, rural hospitals, urban slums, hill tribe villages, and a Tanzanian orphanage, just to name a few.

We have compiled a package consisting of several documents that would help you to get to know us better. We hope it would be useful for you.

This packet contains the following documents: Prospectus 36/15 School Magazine Article Report on Funded Service Projects (2012/13) Secondary School Community & service Report (2012/13)

Contact Information: Assigned Contact Person: Student Name (@nist.ac.th) General E-mail: developmentbank@nist.ac.th Address: NIST International School 36 Sukhumvit Soi 15, Wattana, Bangkok, 10110

Prospectus

Contents
Highlights.....X

IntroductionX Who we are Mission Statement Aims and Objectives Our Concept.X Applied Concept at NIST - Loan and Grant Program Fund Acquisition - Interaction with wider community Past...X 2010-2013 2012/13 Funded Service Projects Present ...X Current Initiatives Future.....,X Vision

Highlights
NIST International School Established in 1992 United Nations Related IB World School

Community & Service at NIST Elementary School: Classroom initiatives by students and teachers Secondary School: 30+ service groups (nature, society, economy, well-being) We have funded: 101,585 THB across 9 projects (2012-2013)

NIST Development Bank Established in: 2010 Group Size: 15-20 Students We have funded: 101,585 THB across 9 projects (2012-2013)

Introduction
Who We Are NIST Development Bank (NDB) is a student-led social entrepreneurship club, consisting of students in Years 10 to 13. Adapted from the concept of microfinance, the bank supports Community & service initiatives through a loan and grant system, giving members of the school community access to greater opportunities in making an effective contribution to society. In doing so, the bank advocates financial accountability in its operations, and supports creative, sustainable initiatives that will lead to meaningful action toward beneficiaries.

The bank also acts in an advisory position, facilitating discussions, interviews, and workshops in the field of business, economics, and development. Additionally, members of the bank gain first-hand experience in running an organization, such as collaborative, managerial, and enterprise skills valuable for future careers in corporations, NGOs, and other institutions.

Although the concept itself is not a novel idea, we pride ourselves in the incorporation of the idea within a school system. We stress that we are not a for-profit organization; we hold the utmost importance in ensuring all funds received goes toward the Community & service initiatives in an effective and transparent manner.

Mission Statement
To empower and connect NIST community & service initiatives through an accountable loan and grant system to take action to enrich ourselves, our communities, and the world.

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Introduction

Aims and Objectives

To encourage meaningful, sustainable, creative Community & service initiatives through an accountable loan and grant system

To facilitate a deeper understanding of business, economics, and development through meetings and discussions regarding issues within and beyond the operations of the group

To develop managerial and enterprise skills through overseeing current programs, collaborating and communicating with stakeholders, and initiating new social entrepreneurship projects

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Our Concept

Applied concept at NIST - Loan and Grant Program: Service groups can apply for a loan or grant from the bank to help fund certain aspects of

their Community & service initiative. The financial assistance fast-tracks fundraising efforts, so that students can immediately work on the action phase of the event and have a more meaningful impact on their beneficiaries.

For example: students want to build a new dog shelter, but it would take many fundraisers for them to gather enough money to buy the materials NDB funds the cost of the materials, so the students can just go and build the dog shelter, which will shift the focus of students from to taking meaningful action to best help the dogs, such as any follow-up projects that stemmed from the initial building of the dog shelter, rather than to worry about fundraising and get no action done

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Our Concept

Service groups fill in a proposal form, which is then submitted to the bank, and evaluated according to criteria formed around the core values of accountability, sustainability, creativity, and meaningful action. Accepted service projects embody the qualities of meaningful service, where, instead of worrying too much about fundraising, the members of the service group are interested in the positive impact that their service project will have on their beneficiaries. They have made sure their service project caters to something their beneficiaries actually need, and will have a measurable impact. As a result, the financial assistance makes a meaningful contribution to the project, where any utilization of the funds go wholly toward the beneficiaries.

Fund Acquisition - Interaction with Wider Community NDB actively seeks out to replenish its funds, both through sources within and outside

the school. Within the school, NDB has received funds from the contribution of the school community on several occasions, such as the 2004 Tsunami Relief excess funds, the 2011 Community Fun Run. Outside the school, NDB has presents the project to different organizations in the local community, applying for CSR funds from corporations, chambers of commerce, embassies, and foreign clubs. The processes involved in the acquisition of funds is a valuable learning experience for the banks members, such as writing reports, giving formal presentations, and answering questions. The bank keeps in regular contact with its donors, through updates and articles in school publications, as well as through an annual report of funded service initiatives distributed to its donors outside the school community.

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Past

2010/11, 2011/12 - Established NIST Development Bank (branched out from NIST Microcredit Bank*) - Presentation on concept at the 4th GIN Conference in Hong Kong (Intl Schools in Asia) - Drafting forms and processes involved in the Loan and Grant Program

2012/13 - Full Implementation of Loan and Grant Program - Presentation on Microfinance at the 2nd ServICE Conference (Intl Schools in Bangkok) - Article in 36/15 School Magazine

*NIST Microcredit Bank (NMB) is a sister bank of NDB. Whereas NDB works with students and teachers in the schools academic operations, NMB works with low-income staff in its administrative operations, with support from the HR Department. Its current programs involve debt alleviation microloan schemes and related workshops, business start-up support, as well as education scholarships for the workers children.

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Past

Funded Community & Service Initiatives (2012-2013)

Kids Fighting Cancer 8,000 THB grant to fund hairdressers (St. Baldricks) Kids Fighting Cancer - 10,000 THB grant to pay for chemotherapy treatment Footy for Friends 5,000 THB loan to pay for t-shirt making costs Matunda Run 3,665 THB grant to pay for food and drink expenses Dreams We Believe In 30,000 THB grant to fund childrens expenses Y6 Arcade Construction 1,900 THB grant for building materials GreeNIST 14,520 THB grant for gardening materials Habitat for Humanity Summer Build 28,500 THB grant for building materials Y9 Orphanage Trip 10,200 THB grant for water park fees, food and drink expenses

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Present

Current initiatives: After a successful year following the full implementation of the Loan and Grant Program,

the bank intends to expand its outreach toward the Elementary School, adapting its approach towards more teacher-oriented classroom service projects. The bank will continue to interact with student service groups in the Secondary School, regularly giving presentations advertising the program, and making improvements to the proposal form and application process.

The bank will also brainstorm any additions or changes to be made to the current Loan and Grant Program in order to promote good practices in financial accountability and creative, meaningful projects. It may also begin to diversify the nature of the loans and grants offered, in order to encourage more interaction with service groups.

Regarding the community & service initiatives funded in the past year, all the projects have yielded successful measurable impacts. The service groups are in regular contact with their beneficiaries and the projects anticipated this coming year will build on from last years efforts.

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Future

Vision: The bank becomes fully integrated into the schools community and service programs, serving as a supplement to the academic curriculum across all levels, as a means of experiential learning, where theory can be applied into practice

The bank initiates and oversees other social entrepreneurship programs within and beyond the school community, in addition the loan-grant program, which will encourage social responsibility and enrich the lives of the programs beneficiaries

The banks management and operations are fully sustainable, with clear plans and processes, and regularly evaluated for optimal efficiency and effectiveness

The bank fosters stronger relationships between the school and other institutions in the diplomatic, corporate, and NGO circles

The bank serves as a model for other social entrepreneurship projects in international education

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