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The Landscape thru WOCCU’s eyes

The Landscape thru WOCCU’s eyes. COOPERATIVE FINANCE. Barry Lennon World Council of Credit Unions (WOCCU) April 10, 2007. Financial Cooperatives. OPPORTUNITIES AND CHALLENGES. Changes in the markets we serve; Innovations in products and services; and Market opportunities and challenges.

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The Landscape thru WOCCU’s eyes

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  1. The Landscape thru WOCCU’s eyes COOPERATIVE FINANCE Barry Lennon World Council of Credit Unions (WOCCU) April 10, 2007

  2. Financial Cooperatives OPPORTUNITIES AND CHALLENGES • Changes in the markets we serve; • Innovations in products and services; and • Market opportunities and challenges.

  3. PREDICTIONS IN 2001 • More research and attempts to reach poorer clients • Greater mix of client responsive services • Differences between Microfinance and Consumer finance will blur • Renewed interest in ag & rural finance • More flexible lending for non-enterprise finance (housing, consumption, etc.) • Progress offering savings services for the poor • More payment services and use of technology • The credit union “star” may rise again Kate McKee, USAID

  4. INTERNATIONAL PROGRAMS 13 countries 196 financial coops 3.8 million clients Bansefi, Mexico Tashkent, Uzbekistan Coop Development Program Afghanistan Davao, Philippines Veracruz, Mexico Leon, CPM Mexico Michoacan, Mexico Colombo, Sri Lanka Guatemala –Reg Manual Nairobi, Kenya Bogota, Colombia Kampala, Uganda Kigali, Rwanda Battambang, Cambodia Quito, Ecuador Lima, Peru Cochabamba, Bolivia

  5. WOCCU’s program agenda • Increasing scale and depth of CU services • Shared branching • IT solutions • Greater rural outreach • Value chain finance & linkages • Leasing • Remittances & linked products • Special populations (HIV AIDS, youth & IDPs) • Private service providers for CU’s • Regulation and supervision (regulation & supervision) • Working in conflict & Islamic finance • Wholesale lending (housing & SME’s)

  6. Changes in the Market we serve • More post-conflict opportunities • Push to deepen and broaden markets (HIV AIDS, youth, rural households & extreme poor) • Greater risk of local government intervention (caps on interest rates; inappropriate regulation and supervision; reentry of public development banks) • Greater sophistication of demand (more variety) • Weak donor support for cooperatives

  7. Product & serviceinnovations • Remittance transfers & linked products • Value chain finance & leasing • Shared branching & ATMs • Remote technology devices (POS) • Reaching scale and hard-to-reach clients • HIV AIDS affected households • The extreme poor • Islamic banking

  8. Remittances via IRnet 8 COUNTRIES

  9. Bolivia Rural Branches Central Corporate Shared Branching Ecuador Shared Branching Debit Cards Point of Sale Shared branching networks

  10. CU B B B B B B B B B B B B B B B B B B B B B B B CU CU Redcoop CU CU B CU CU CU Shared branching Guatemala Ecuador Bolivia

  11. Comm. Banking System (1,500+ ATMs) Banco Guayaquil (470 ATMs) Red Coop Network (80 ATMs) Credit Union ATM expansion plan $1.00 per transaction $0.50 per transaction $0.35 per transaction

  12. Bahamas / Massachusetts Barbados / Missouri Bolivia / Ohio Costa Rica / Alabama Ecuador / Colorado Georgia / Poland Hong Kong / British Columbia Jamaica / Texas Kenya / Pennsylvania Macedonia / Michigan Mexico Alianza / New Mexico Mexico CPM / California & Texas Mexico Libertad /Arizona Nicaragua / Washington DC Panama / Iowa Paraguay / Minnesota Philippines / Washington Puerto Rico / New York Rwanda / Maine Suriname / North Carolina Trinidad / Connecticut Uzbekistan / Oregon Partnership program

  13. 3. Opportunities and Challenges • Governance(ACCEPTING CHANGE / AVOIDING BACKSLIDING) • Actual reform process of existing cooperative systems(TIME & RESOURCES) • Staff training • Appropriate products • Cost effective delivery systems(TECHNOLOGY SOLUTIONS) • Greater sharing of skills & experience • Greater donor support

  14. ONLY USE FOLLOWING SLIDES IF THERE’S TIME REMAINING

  15. Distribution of Deposits 11 credit unions (Dec 06)

  16. Distribution of Loans 11 credit unions (Dec 06)

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