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Grameen Research, Inc.

 500 W Cummings Park, Suite 5200
 Woburn, MA 01801
[P] (781) 929 2965
[F] (781) 939-2699
www.grameenresearch.org
[email protected]
Vidar Jorgensen
INCORPORATED: 2008
 Printable Profile (Summary / Full)
EIN 20-8498163

LAST UPDATED: 04/13/2016
Organization DBA Grameen PrimaCare
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

i. Grameen Research Inc. (GR) is a not-for-profit organization with a mission to provide research, health care services, training and other support in the field of microfinance. Grameen PrimaCare Boston (GPCB) is a project of GR that was established to improve the health and well being of low income families served by sister microfinance organization Grameen America (GA) in the Boston area.

i. GR accomplishments for 2014:

1. Worked to recruit and hire Andrea Jung, former CEO of Avon as a new CEO for GA

2. Grameen PrimaCare (GPC) opened its first medical practice in Jackson Heights September 6th, 2014. The opening event for the community was a great success, and we started providing immigrant women with primary care services and health promotion programs on September 15, 2014.

3. At the 2014 Clinton Global Initiative on Wednesday, September 24, 2014, Secretary Hillary Clinton recognized GA’s exciting expansion to Harlem. Professor Yunus and Andrea Jung were fortunate to join her on stage for the announcement.

a. Clink her for the press release: http://www.prnewswire.com/news-releases/hillary-rodham-clinton-announces-grameen-americas-commitment-to-invest-50-million-in-women-owned-businesses-in-harlem-277049121.html

4. Researched the continued health needs of Boston’s low-income population.

5. Researched sites and prices for space around Boston that is close to public transportation.

Mission Statement

i. Grameen Research Inc. (GR) is a not-for-profit organization with a mission to provide research, health care services, training and other support in the field of microfinance. Grameen PrimaCare Boston (GPCB) is a project of GR that was established to improve the health and well being of low income families served by sister microfinance organization Grameen America (GA) in the Boston area.

i. GR accomplishments for 2014:

1. Worked to recruit and hire Andrea Jung, former CEO of Avon as a new CEO for GA

2. Grameen PrimaCare (GPC) opened its first medical practice in Jackson Heights September 6th, 2014. The opening event for the community was a great success, and we started providing immigrant women with primary care services and health promotion programs on September 15, 2014.

3. At the 2014 Clinton Global Initiative on Wednesday, September 24, 2014, Secretary Hillary Clinton recognized GA’s exciting expansion to Harlem. Professor Yunus and Andrea Jung were fortunate to join her on stage for the announcement.

a. Clink her for the press release: http://www.prnewswire.com/news-releases/hillary-rodham-clinton-announces-grameen-americas-commitment-to-invest-50-million-in-women-owned-businesses-in-harlem-277049121.html

4. Researched the continued health needs of Boston’s low-income population.

5. Researched sites and prices for space around Boston that is close to public transportation.


FinancialsMORE »

Fiscal Year Jan 01, 2013 to Dec 31, 2013
Projected Income $1,991,400.00
Projected Expense $992,116.00

ProgramsMORE »

  • Grameen PrimaCare Boston

Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

i. Grameen Research Inc. (GR) is a not-for-profit organization with a mission to provide research, health care services, training and other support in the field of microfinance. Grameen PrimaCare Boston (GPCB) is a project of GR that was established to improve the health and well being of low income families served by sister microfinance organization Grameen America (GA) in the Boston area.

i. GR accomplishments for 2014:

1. Worked to recruit and hire Andrea Jung, former CEO of Avon as a new CEO for GA

2. Grameen PrimaCare (GPC) opened its first medical practice in Jackson Heights September 6th, 2014. The opening event for the community was a great success, and we started providing immigrant women with primary care services and health promotion programs on September 15, 2014.

3. At the 2014 Clinton Global Initiative on Wednesday, September 24, 2014, Secretary Hillary Clinton recognized GA’s exciting expansion to Harlem. Professor Yunus and Andrea Jung were fortunate to join her on stage for the announcement.

a. Clink her for the press release: http://www.prnewswire.com/news-releases/hillary-rodham-clinton-announces-grameen-americas-commitment-to-invest-50-million-in-women-owned-businesses-in-harlem-277049121.html

4. Researched the continued health needs of Boston’s low-income population.

5. Researched sites and prices for space around Boston that is close to public transportation.


Background Statement

The positive impact of collaborative microfinance and health projects are well established. Strong microfinance programs enable members to allocate more resources for their health needs and help address various health issues through community education and support networks. Many successful microfinance organizations have launched independent or integrated health care services, and studies have shown that such efforts not only reduce the rate of diseases but also benefit families by reducing gender-based violence and improving maternal and child health.

GA, our sister microfinance organization, operates a successful microlending program that has brought affordable credit and other financial services to more than 15,000 low-income women entrepreneurs in the US since 2008. In addition to providing an opportunity and support for financial empowerment, GA also provides them the benefits of peer networking and social support through the “Grameen Group Model,” which requires individuals to form a group of five and meet on a weekly basis. The group structure encourages social accountability, in addition to serving as a conduit for community development. The success of the “Grameen Group Model” was recognized in 2006 when its founder, Professor Muhammad Yunus, was awarded the Nobel Peace Prize for his pioneering work.
The group structure used by GA has fostered a strong social network that now offers a powerful platform for GPCB to launch its high-impact health and wellness program. Leveraging the “Grameen Group Model,” GPCB’s wellness program will offer weekly classes on health promotion, nutrition, cooking and exercise. The center will take a comprehensive approach that will address clinical as well as social and behavioral factors impacting health outcomes. At the GPCB enhanced primary care and wellness center, physicians will make all the diagnoses, while health coaches will provide services that are critical to improving care but can’t be performed cost-effectively by doctors or nurses. The coaches, for example, will help patients leverage community-based services to support diet, exercise and other health measures. Also, the coaches will conduct home visits to ensure that patients follow treatment plans and make healthier lifestyle choices.

Impact Statement

GR accomplishments for 2014:
1.Worked to recruit and hire Andrea Jung, former CEO of Avon as a new CEO for GA
2. GPC opened its first medical practice in Jackson Heights September 6th, 2014. The opening event for the community was a great success, and we started providing immigrant women with primary care services and health promotion programs on September 15, 2014.
3. At the 2014 Clinton Global Initiative on Wednesday, September 24, 2014, Secretary Hillary Clinton recognized GA’s exciting expansion to Harlem. Professor Yunus and Andrea Jung were fortunate to join her on stage for the announcement.
a. Clink her for the press release: http://www.prnewswire.com/news-releases/hillary-rodham-clinton-announces-grameen-americas-commitment-to-invest-50-million-in-women-owned-businesses-in-harlem-277049121.html
4. Researched the continued health needs of Boston’s low-income population.
5. Researched sites and prices for space around Boston that is close to public transportation.

GR goals for 2015:
 1. Established start up funds for GPCB using the following model of four key components:

a. Enhanced Primary Care: Easy access to enhanced primary care for one affordable monthly fee and no fee-for-service constraints.
b. Wellness Program: Weekly health education and wellness programs, on topics ranging from nutrition and cooking to disease management, which will be a requirement, just as the weekly center meetings are required to receive a GA loan.
c. Connected Health: Encourage members to use smart phones and tablets to monitor their health, increase access to health providers, and learn about healthy behavior. They will also be encouraged to participate in shared decision making.
d. Additional Care: Access to a combination of discounted services, insurance, health savings accounts, and other support for care not covered under the enhanced primary care. This would include some tests, specialist visits, imaging, hospital procedures, and the plans and services required to pay for these services.
4. Assisted and supported various Grameen Programs outside of the US.


Needs Statement

1. GPCB will serve members of GA, which are Hispanic women living below the poverty line in Boston, Massachusetts. They represent an under served community lacking medical care access and health insurance coverage. An overwhelming 83% of respondents in a survey (of 110 GA members) reported having no health insurance and 71% faced difficulty in obtaining medical care. According to self-reported data, approximately 10% suffer from diabetes (38% have a family history of diabetes) and 9% are hypertensive. GPCB estimates that actual health screenings will reveal higher rates in Boston. Nearly 70% of members surveyed are also overweight and about 40% report lacking knowledge about healthy eating, while 37% find it challenging to eat healthy. This data is consistent with national research on the health of low-income individuals and families, especially those in under served communities with large, immigrant populations and ethnic minorities.
2. Declining health and increasing costs of care are among the biggest challenges facing the poor. Especially GA members, who are among the 30 million who will largely not be covered by health insurance under the Affordable Care Act (ACA).
3. Medicaid expansion depends on political support which is not available to undocumented immigrants at this point. GPCB will fill this gap.
4. The working poor have specific health and practical concerns like access to care without barriers and a built in health education and support network are key for this population.
5. Nutritional education provided by GPCB to the mothers will trickle down to their children and their children’s children to reduce the 2 out of 3 young children in the US on the path of developing diabetes.

CEO Statement

The integration of enhanced primary care with microfinance will allow GPCB to implement a truly innovative and unique program that improves the health and well being of low-income Hispanic women. GPCB engages the community to reduce and prevent chronic diseases and support healthier lifestyles through the “Grameen Group Model,” which has a longstanding, successful history of providing community support through structured and peer-support groups.

Collaboration with GA's successful microlending program allows GPCB to easily reach its target members from a community that suffers high rates of chronic diseases and lacks access to health insurance and medical care. Through this comprehensive approach and unique combination of microfinance and healthcare, GPCB is truly well positioned to meet the needs of under served communities.


Board Chair Statement

Essential services like finance, health care, education and housing can be, but are rarely, done cost-effectively for low income populations. GPCB will deliver affordable financial and health care services for low income populations with a special focus on low income women and their families.

In 2007 there were about 800 microfinance organizations in the US, and only one, Accion, had a repayment rate of 95% or higher which is necessary for sustainability. GA was started in 2008 and has a repayment rate of 99.7%. While it serves more lower income populations than any other microfinance organization, GA is on a track to become the largest microfinance organization in the US by number of members by 2015 and by total capital currently outstanding by 2016. While the initial launch was very difficult to fund and launch, GA is now well financed, well-staffed, and is growing rapidly with only normal and manageable growth challenges. While it had 15,000 members served by 11 branches in 2013, it has grown to 21 branches in 2014 and should be able to grow to 250 branches and a total of over 1 million members in ten years or so.

GPCB is a separate program run by GR that will provide sustainable enhanced primary care and a well being program for women below the official poverty level and their families for about $10 dollars per week per member, producing both dramatic savings and improved health outcomes for participating members. Just as with GA, there is significant skepticism that the savings and improved outcomes can be achieved. Just about every potential funder of GA said they had tried microfinance in the US and it could not be done without ongoing subsidies, but in fact it can be done, and ultimately without subsidies. We are facing similar skepticism for GPCB, but in fact we will prove that it can be done and ultimately without subsidies.

Sustainability is core to Grameen's philosophy, and GPCB has developed its business plan in accordance with these principles. While initially we will raise philanthropic support to fund the start-up phase, the program will be self-sustaining through member fees within the first four years of operations.


Geographic Area Served

GREATER BOSTON REGION, MA
INTERNATIONAL
NATIONAL

While GPC New York City has been launched in 2014, it can be successfully started in any US city with a population of 250,000 or more, including Boston.

Organization Categories

  1. Human Services - Centers to Support the Independence of Specific Populations
  2. Health Care - Community Clinics
  3. Public & Societal Benefit - Public & Societal Benefit NEC

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

Yes

Programs

Grameen PrimaCare Boston

Problem:

While the GA members’ businesses are growing, this underserved community remains in need of a health care program to meet critical needs. The majority of GA members are low-income immigrant women who are uninsured, and lack access to preventive services and high-quality affordable care. Faced with barriers to care and a high prevalence of chronic conditions, their income and resources are spent badly, impeding progress toward individual financial viability. 
 
Solutions We Offer:
To address the health needs of GA members, we are launching a wellness center to provide a health promotion program and access to an enhanced primary care team, including a doctor, two nurse practitioners, a social worker and several health coaches. Health coaches will provide ongoing support more cost-effectively, and will connect members to the appropriate health care provider. 
 
Specifically, we will offer the following programs and services:

1. Enhanced Primary Care:  Easy access to enhanced primary care for one affordable monthly fee and no fee-for-service constraints.

2. Weekly Health Meetings: These meetings will cover topics ranging from maternal and prenatal health, nutrition and cooking to disease management, and be a requirement, just as the weekly center meetings are required to receive a Grameen America loan.

3. Connected Health: We will encourage members to use smart phones and tablets to monitor their health, increase access to health providers, and learn about healthy behavior. They will also be encouraged to participate in shared decision-making.

4. Additional Care: Access to a combination of discounted services, insurance, health savings accounts, and other support for care not covered under the enhanced primary care. This would include some tests, specialist visits, imaging, hospital procedures, and the plans and services required to pay for these services.

Budget  $3,500,000.00
Category  Health Care, General/Other Health Care, General/Other
Population Served Females Minorities Families
Program Short-Term Success 
By the end of the first 12 month trial period GPCB will enroll 600 Grameen America members and their dependents and by the end of the first 24 months half of the 600 members will have reached the long term goals
 
We strive to achieve the following over time:
1) Increase awareness of personal health and the prevention and management of chronic conditions.
2) Improve health outcomes with greater utilization of preventative services and access to primary care.
3) Enhance financial security by decreasing cost of care per member through reduced ER visits, hospitalization rates, and increased productivity.
4) Create a transformative model that can foster a more efficient health care system, better able to meet the complex needs of vulnerable populations.
Program Long-Term Success 
GPCB will re-engineer proven primary care and well-being programs for the general population and make them affordable for low income women and their families.  The goal is to reduce the all in costs by 50% and to reduce the days lost due to illness by 40%.  Other health indicators will be improved by 10 to 20% or more. 
Our mission is to test and deliver innovative and comprehensive health care models that combine high-quality affordable primary care, health education, and wellness programs, to empower low-income women to build healthier lives and cultivate healthy communities. 
Program Success Monitored By 
Program Success Will be Monitored by the following methods:
 
1.   Clinical data will be collected regularly by the clinic and will be shared with the members.
 
2.   Work days lost due to illness will be self reported by the members.
 
3.   We hope to organize a formal Randomized Controlled Trial (RCT) for GPCB just as Grameen America has organized a RCT for the  Grameen America microfinance program.
 
4.   The financial results of the program will be reported by a conventional GAAP audit.
 
5.   The members will be surveyed regularly for satisfaction with the program and program improvements. 
 
 
Examples of Program Success 
Here are the projected results for GPCB compared to actual results from the comparable Boeing program launched in Seattle in 2007 and still running today:
 

 

Boeing Program

Grameen PrimaCare Boston Target

% change from baseline in unit price-standardized total annual per capita spending by patients and Boeing, compared to a propensity-matched control group, net of supplemental fees to medical groups

–20%*

-40%

% change in SF12 physical functioning score for IOCP patients compared to baseline

+14.8%

+12%

% change in SF12 mental functioning score for IOCP patients compared to baseline

+16.1%

+14%

% change in patient-rated care “received as soon as needed” compared to baseline**

+17.6%

+15%

% change in average of patient-reported work days missed in last 6 months compared to baseline

–56.5%

-50%

% change in emergency room visits

-13%

-40%(reduction from a higher base than Boeing)

% change in hospitalizations

-28%

-30%

% change in the outpatient costs not covered in the enhanced primary care program

-28%

-10%(lower to reduce double counting)

 
 

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Mr. Vidar Jorgensen
CEO Term Start Jan 2007
CEO Email [email protected]
CEO Experience Vidar Jorgensen is the Co-Founder and Vice-Chairman of Grameen America and President of Grameen Research and is the founder and CEO of several separate for profit conference companies.  He is a graduate of Harvard College.
Co-CEO Ms. Allison Schwartz
Co-CEO Term Start Mar 2012
Co-CEO Email [email protected]
Co-CEO Experience Allison Schwartz, Executive Director,  has several years of experience working in advocacy and programming to ensure the rights of underserved women. She earned her BA from the University of Chicago and an MA from Columbia University.

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
Allison Schwartz Executive Director Allison Schwartz, Executive Director,  has several years of experience working in advocacy and programming to ensure the rights of underserved women. She earned her BA from the University of Chicago and an MA from Columbia University.

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

--

CEO/Executive Director/Board Comments

--

Foundation Comments

--

Staff Information

Number of Full Time Staff 4
Number of Part Time Staff 0
Number of Volunteers 2
Number of Contract Staff 0
Staff Retention Rate % 90%

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 1
Caucasian: 2
Hispanic/Latino: 1
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 3
Male: 1
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers --
Management Succession Plan --
Business Continuity of Operations Plan No
Organization Policies And Procedures Under Development
Nondiscrimination Policy Under Development
Whistle Blower Policy No
Document Destruction Policy --
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes N/A
Senior Management Formal Evaluation and Frequency Yes N/A
Non Management Formal Evaluation and Frequency Yes N/A

Governance


Board Chair Professor Muhammad Yunus
Board Chair Company Affiliation Founder of the Grameen Bank
Board Chair Term Jan 2007 - Dec 2015
Board Co-Chair Vidar Jorgensen
Board Co-Chair Company Affiliation Founder and President of Grameen America and Grameen Research
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Vidar Jorgensen Founder and President of Grameen America and Grameen Research Voting
Professor Huzzat Latifee Co-founder of Grameen Trust Voting
Professor Muhammad Yunus Founder of the Grameen Bank Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Katherine Baicker Harvard --
Dr. Denis Cortese Retired CEO of the Mayo Clinic NonVoting
Dr. George Halvorson Kaiser Permanente NonVoting
Joseph Newhouse Harvard --
George Shultz Former US Secretary of State --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 2
Caucasian: 1
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 0
Male: 3
Not Specified 0

Board Information

Board Term Lengths 5
Board Term Limits 10
Board Meeting Attendance % 100%
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Under Development
Percentage of Monetary Contributions 33%
Percentage of In-Kind Contributions 100%
Constituency Includes Client Representation No

Standing Committees

  • Compensation

CEO/Executive Director/Board Comments

GPCB is developing and expanding its formal board and advisory board. We are currently in the process cultivating exceptional leaders from diverse backgrounds to get involved through both the board of directors and advisory board participation. 

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Fiscal Year Jan 01, 2013 to Dec 31, 2013
Projected Income $1,991,400.00
Projected Expense $992,116.00
Form 990s

2014 Form 990

2013 Form 990

2012 Form 990

2011 Form 990

2010 Form 990

Audit Documents

2014 Audited Financials

2013 Audited Finanicals

2012 Audited Financials

2011 Audited Financials

2010 Audited Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2014 2013 2012
Total Revenue $117,889 $1,326,388 $2,896,659
Total Expenses $371,560 $1,638,826 $2,017,699

Prior Three Years Revenue Sources

Fiscal Year 2014 2013 2012
Foundation and
Corporation Contributions
-- $860,000 $2,542,424
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $117,889 $466,388 $354,235
Indirect Public Support -- -- --
Earned Revenue -- -- --
Investment Income, Net of Losses -- -- --
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other -- -- --

Prior Three Years Expense Allocations

Fiscal Year 2014 2013 2012
Program Expense $40,292 $1,389,817 $1,666,558
Administration Expense $149,333 $249,009 $351,141
Fundraising Expense $181,935 -- --
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 0.32 0.81 1.44
Program Expense/Total Expenses 11% 85% 83%
Fundraising Expense/Contributed Revenue 154% 0% 0%

Prior Three Years Assets and Liabilities

Fiscal Year 2014 2013 2012
Total Assets $789,684 $722,943 $1,368,854
Current Assets $786,541 $718,731 $1,365,696
Long-Term Liabilities $0 $0 $0
Current Liabilities $550,182 $162,768 $496,241
Total Net Assets $239,502 $560,175 $872,613

Prior Three Years Top Three Funding Sources

Fiscal Year 2014 2013 2012
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line Yes
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2014 2013 2012
Current Ratio: Current Assets/Current Liabilities 1.43 4.42 2.75

Long Term Solvency

Fiscal Year 2014 2013 2012
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

--

Foundation Comments

Financial summary data in the charts and graphs above are per the organization’s IRS Form 990s. Contributions from foundations and corporations are listed under individuals when the breakout was not available.
 
Liabilities and net assets above are per the IRS Form 990s. 

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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