CHAIRPERSON UPDATE

December marks the end of a year of changes and challenges for ADC. The Board is in the process of recruiting a paid Executive Director to lead the Operations team next year. At this year’s Annual General Meeting, the Board and Members recognised the need for paid leadership to achieve the organisation’s vision for growth and success. We hope to provide you with more details in the New Year.

​We recently welcomed Nadine Hill to the ADC Board. Nadine has a strong finance background and understanding of finance, governance and risk management. She has spent twenty years in Business and Corporate Banking in New Zealand and the United Kingdom and brings valuable experience and insights to the Board.

August 2015 saw the Kalay Township in Myanmar, where ADC’s microfinance operations are based, hit by torrential rain and severe flooding that destroyed thousands of homes and businesses. Many of ZMF’s clients were affected by these floods. Bank staff worked tirelessly to provide food, clothing and support while assessing the damage. Loan repayment requirements were suspended for some clients for a time, but many have been able to get their businesses up and running with minimal delay. The determination of these clients to empower themselves and their families through microfinance is truly amazing.

2016 looks to be another big year for the ADC team, kicking off with another gala dinner planned for March (details very soon). Until then, don’t forget to check out our beautiful Christmas gift cards. They tell the stories of two courageous women who are running successful businesses with the support of ADC’s partner projects. Empowerment of others through microfinance is a pretty amazing Christmas gift in my opinion!
​
Happy Christmas to you and your family from the ADC team.
Sarah Colgan
ADC Board Chairperson

---