As part of encouraging additional impacts, the Enterprise Challenge Fund has supported specific research into four of the most successful business models for dissemination including WING (Cambodia) mobile phone banking, SAMIC / MEADA (Cambodia) microinsurance, Sarami (Vanuatu) cattle improvement program and Future Forests (Fiji) teak plantation in rural Fiji. The research papers were used to showcase these projects and the achievements of the challenge fund to the wider industry.


Technical, financial & social assessments of forestry development projects in Ra Province, Fiji

ECF - research into FFFFuture Forest Fiji Limited (FFF) is pioneering the establishment of sustainable teak plantations in Fiji in association with several indigenous communities in Ra and Nadroga-Navosa provinces delivering economic, social and environmental benefits to investors and local communities. The FFF business model comprises a small nucleus estate of 122 hectares of teak on freehold land, a commercial-scale nursery, a sawmill and wood processing enterprise and several individual plantations on land leased from local land-owning groups (mataqali).

In 2009 FFF received a grant of $A190,000 from the AusAID funded Enterprise Challenge Fund for the expansion of its tree nursery, which is a critical element in the FFF business model. Seedling sales are an important source of income for the company. In 2011 the company listed on the South Pacific Stock Exchange to raise capital to finance plantation expansion and management. In 2013 FFF will invest in a sawmill to process trees thinned from its own plantations and mature pine and mahogany logs from plantations owned by mataqali in Ra province until mature teak resources come on stream. Preliminary financial analysis of the FFF sawmill indicates that it is likely to provide a reliable source of capital for the company to invest in plantation development.

In June 2013, Dr Michael Blyth from Four Scenes Pty Ltd and Ms Suliana Siwatibau conducted a review looking at this innovative model and provides lessons from the reforestation experiences of Future Forests.

- Download the paper here: Technical, financial and social assessments of forestry development projects in Ra Province, Fiji

- Download a 7-page summary of the research here: An overview of Future Forests operations in Fiji




The Sarami project - an alternative approach to beef sector development

Sarami Report - April 2013 front pageSarami Plantation has been breeding cattle in Vanuatu for 30 years and was the first property in Santo to introduce cross Brahman bulls on their 2000 hectare breeding property. With the support of ECF funding of A$1,375,000, Sarami has been working with smallholder cattle farmers to improve beef production in Vanuatu.

During the three years, Sarami Estate purchased over 2000 cattle from 241 cattle producers at a total cost of V57.5 (A$0.61 million) from across the region.

In December 2012 Jon Marlow from ProAnd Associates conducted a review of the Sarami Beef Project looking at the innovations in the business model and agricultural technology as well as examining how the relationship between the company and the cattle producers led to such a successful project.

This review has provided lessons to the industry and is particularly relevant to national programs across the Pacific.


Download the full paper here: The Sarami Project

Download a 4-page summary of the research here: The Sarami Project - Overview



Lessons from WING Cambodia

WING ReportWING, a mobile money payment company has reached over 400,000 people in Cambodia in 4 years. Using an ECF grant in the early stages, helped to support the roll out of the payment service to rural areas and provide financial literacy training.

In 2013, WING has seen a growth rate of 30% each month and is reaching more and more people in Cambodia.

In late 2012, the Enterprise Challenge Fund commissioned RiskFrontiers Consulting to conduct research into the characteristics and advantages of the WING mobile payment model and to look at how this compares with other platforms around the world. This review was conducted just as WING was scaling up and launching new products.

The key lessons from their research look at all aspects of the model, both implementation and social impacts against other mobile platforms and develops key lessons for industry players, government regulators and funders.

Download the full paper here: Lessons from WING Cambodia



Doing the Math - loan protection insurance in Cambodia

MILK Brief 20Can credit life microinsurance provide value to clients?

In its latest Client Math study, Microinsurance Learning and Knowledge Centre (MILK) partnered with the Cambodian microinsurance provider MEADA (an ECF funded project) to explore the value of a life microinsurance product that combines loan protection with a small cash payout in the event of a microcredit borrower's death.

About MEADA - Using a grant from the Enterprise Challenge Fund, the Cambodian Health Committee, the foundation organization of the microfinance institution SAMIC created Measure for Economic and Accelerated Development for All (MEADA). MEADA is a microinsurance provider offering life and credit life microinsurance products in twenty districts of Cambodia. As of December 2012, 10,215 lives were covered under the loan protection product and nearly 4,851 clients and their spouses were covered under basic life. To date, over 155 claims have been paid out to clients.

In December 2012, MILK interviewed family members of recently-deceased individuals, some of whom were covered by insurance and some of whom were not, to better understand the costs they faced and how they covered those costs (including the role the insurance played).

The research finds that while the loan protection component of the product provided value to insurance beneficiaries by reducing their obligation to pay back the deceased's debt, in many cases, however, it fell short of eliminating the entire debt burden as loans from multiple sources were common. Download the full paper here:

Doing the Math – loan protection insurance in Cambodia