Congress Day Two, May 26, 2010
8:00
Registration and Breakfast
8:45
Chairman’s Recap of Day One
Roger Frank
Managing Partner
i3 Advisors LLC
9:00
Achieving the Transformation of an MFI into Regulated Financial Institution without Losing the Original Social Mission
- To what extent does transformation make an MFI a more attractive prospect for investors?
- How could taking deposits alter an MFI as a risk/reward proposition to investors?
- What is the true cost of transformation – how does it impact margins?
- What impact does regulatory compliance have on an institutions’ ability to adhere to and serve its original mission?
- Addressing “mission shift”
- What new risks should be considered for a deposit taking institution and how should they be mitigated?
- A case study – highlighting the experiences and lessons learned by an MFI which underwent transformation
- What problems did they face, how were they overcome and a retrospective look at the risks versus rewards
Adrian Merryman
Chief Executive Officer
Opportunity International
10:00
Microfinance as a Model for Social Impact Investing
- Extending products and services to the BoP (Base of the Pyramid)
- Evaluating the investment opportunities relating to energy, water, housing, education and healthcare projects
- Is the emphasis on social impact investing helping or hurting microfinance? Is it taking away capital from microfinance or bringing more money to the field?
- Investing in socially high impact projects and creating an investable return
Brian Treslad
Chief Investment Officer
Acumen Fund
Lisa Hall
Chief Lending Officer and Executive Vice President
Calvert Foundation
Ambassador John Simon
visiting fellow
Center for Global Development
Raul Pomares
Vice President
Guggenheim Partners (tbc)
Moderator:
Roger Frank
Managing Partner
i3 Advisors LLC
11:00
Networking and Refreshment Break
11:30
Achieving Financial and Social Returns – Operating a Profitable and Sustainable MFI while Maintaining an Ongoing Commitment to Social Purpose
- Balancing financial requirements with the need to make sure the social mission objective is achieved – what is the trade off between financial and social?
- What tools are MFIs using to measure the impact of their operations?
- Determining an appropriate risk-adjusted rate of return for microfinance investors
- Cost of capital for MFIs relative to the corporate cost of capital
- What should the rate of return be relative to the sovereign ceiling?
Laura Foose
Social Performance Task Force
The Ford Foundation/CGAP
Terry Provance
Executive Director
Oikocredit USA
12:15
Networking Lunch for Speakers and Attendees
1:15
Exploring the Prospects for M&A and Consolidation in Microfinance
- Examining the key value propositions for MFIs to leverage M&A as a growth strategy
- Cost saving synergies
- Increased revenue-generation
- Efficiencies realized through decreased overhead and administrative costs
- Portfolio risk diversification
- Increase in distribution channels
- Organizational benefits
- Overcoming the challenges attributed to microfinance M&A
- Due diligence and valuation
- Resource constraints
- Cultural issues
- Regulatory issues
- To what extent has M&A activity started, can we expect more, and where?
- Examples of past microfinance M&A transactions, and an analyses of time and resources required, difficulty of implementation and level of risk
Bryan T. Wagner
Vice President, Environment, Social Finance & Community ReinvestmentMorgan Stanley
Luca Torre
Managing Director
Ambers Capital Microfinanzas
2:00
Innovations in Mobile Technology that Increase the Efficiency and Reach of Microfinance
- Highlighting the mobile solutions being leveraged to advance financial services to the under-served
- Mobile banking
- Branchless banking
- Evaluating technological solutions which can improve microfinance institutions’ performance
- Demonstrating ways in which technology benefits microfinance providers
- Increased efficiencies
- Better margins
- Less risk
Janine Firpo
President
Sevak Solutions
2:45
Networking and Refreshment Break
3:15
Making Microfinance Profitable
The MFI industry in Africa is evolving in two distinct directions. On the one hand donor-funded MFIs continue to enter the market and expand their franchises. On the other, we see a new breed of MFIs emerge that are self-sufficient, independent, profitable institutions. In this session, Naheed Hassan – MFI strategist – explores this second emerging trend, highlighting some of the drivers and obstacles that are faced by this new class of MFI. Towards this end, she will cover moving from a credit to a liability led strategy, the quest for efficiencies in a fundamentally inefficient business, the role of technology, the importance of targeted product development and rollout, and the benefits and efficiencies gained through centralisation of key functions including credit policy and decision making.
Naheed Hassan, Associate
Genesis Analytics
4:00
Encouraging Innovation in Micro Insurance to drive its Social and Economic Viability
- Evaluating the current providers of micro insurance and their key products
- Commercial
- Mutual
- Cooperative
- Community-based or community-led insurance organizations
- Finding the right balance between adequate protection and affordability – how do insurance providers decide whether to extend coverage, on what basis and at what cost?
- Identifying efforts to “localize” micro insurance policies to reflect local risks
- Identifying innovative distribution channels to extend the reach of micro insurance products
- Evaluating efforts to establish partnerships between financial institutions to optimize the governance, efficiency and cost of micro insurance products
Len Battifarano
Senior Vice-President, Commercial Marketing Officer
Chartis International
Hallie Harenski
Vice President
Microinsurance
Zurich Financial Services
4:45
End of Congress |
