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Annual report 2014


Table of contents 3..........................................Awamaki’s Mission 4.............Message from the Executive Director 5..............................................By the Numbers 6.............................Implemented Impact Model 8........................................Cooperative Profiles 11........................Feature Cooperative: Rumira 12......................................Financial Statement 14...........................................................Donors 15.........................................................Partners 16..........................Staff and Board of Directors


Awamaki collaborates with rural Andean communities to create economic opportunities and improve social well-being. We are a growing and sustainable social business that gives capacity-building and market access opportunities to poor Andean women. We believe that empowering women transforms communities. Poor women know what their families need. Given the opportunity to earn an income, they invest in their children, their homes, their farms, their businesses, and their communities.


Dear Friends and Supporters In 2014, Awamaki has continued to grow into a mature organization. We are now on the cusp of our sixth birthday, and we have spent the past year working seriously to develop a model that will guide our work and deepen our impact as we grow. This was the first year we tried to implement the Impact Model, launched in 2013. The goal of this model is to use our market access programs to not only put income in the hands of women, but to empower them to learn to run a business so that they can work with any client, and not just us. Like with anything new we try, we anticipated we’d have challenges that we couldn’t anticipate. We were right! Pushing our Patacancha weavers into greater responsibility led to a showdown with the man who owns the land on which their center was built, and they ended up having to move. Implementing higher quality control standards revealed flaws in our quality rubric and we had to go back to the drawing board to make a usable tool for the women. We are still working on how to teach the women to manage inventory while still ensuring we have a strong supply for our growing orders. But there were unexpected highlights as well. We thought that the women would be resistant to the changes. After all, the new model means more work for them as they learn to keep their own books, manage their own inventory, and pay their own taxes. But we found that introducing these new expectations in the context of their learning to be autonomous businesses with multiple clients has had the opposite effect. The women see this as something inspiring and attainable. It has energized them and we already see them putting in the work to make it happen.


In other highlights, we won GlobalGiving’s #FailForward prize for writing about the Patacancha weaving center troubles and what we took away from that experience. We saw our international retail client list expand to 24 clients, and we joined the Fair Trade Federation in order to connect with other wholesalers and learn to improve our sales and impact. We added 30 more weavers to keep up with demand. We had outstanding results from our first impact survey evaluation, finding that after working with us, 78% of the women feel more confident to participate in decisionmaking in their cooperatives, communities and households. It has been a rewarding, challenging and exciting year. The impact model has sharpened our focus and we are

Warmly,

Kennedy Leavens executive director


assets :

revenue :

$106,200 $374,700

Net income :

$47,700 expenditures :

$338,600


Statement of Financial Position Assets

2014

2013

2012

$66,100

$50,200

Accounts Receivable

$5,200

$1,100

$33,300 $-

Prepaid Expenses Inventory

$$32,300

$$4,500

Fixed Assets Total Assets Liabilities

$2,400 $106,200 $300

$2,400 $58,200 $-

Cash

Net Assets Opening Balance Unrestricted Net Assets Net Income Total Net Assets

Total Liability & Net Assets

$10,000 $48,200

$10,000 $49,400

$47,700 $105,900

$(1,200) $58,200

$106,200

Statement of Profit and Loss Revenues

2014

2013

2012

$52,900

$71,500

Grants

$40,200

$40,100

$45,780 $11,630

$900 $16,800

Program Fundraising

$272,300 $8,800

$203,000 $9,500

$178,120 $15,330

$8,400 $59,400 $-

Other Total

$500 $374,700

$-00 $324,000

$-00 $250,860

Expenditures Operations Staff Fundraising

$35,500 $92,200

$42,100 $77,000

Program

$300 $209,700

$3,800 $189,900

$33,130 $74,230 $350

Other

$900

$-00

$-00

Total

$338,600

$312,800

$238,820

$36,200

$11,200 $12,040

Exchange rate gain/loss

$(400)

$-00

$-00

Inventory Adjustment

$(11,000)

$12,500

$19,400

$10,000 $58,000 $(8,600) $59,400

$58,200 $59,400

Contributions

Net Ordinary Income

Net Income

$47,700

$131,110

$(1,300) $(7,000)


Profile for Awamaki

Awamaki annual report 2014  

Awamaki annual report 2014  

Profile for awamaki
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