The Silicon Valley Microfinance Network

The Bay Area’s premier microfinance education and networking organization

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June 14th SVMN Meeting: Client Protection & Transparency!

Posted by hilarywilson on June 2, 2010

The Responsibility is Ours: Pushing the Boundaries on Client Protection & Transparency


This Silicon Valley Microfinance Network (SVMN) meeting will take place on Monday, June 14th, 2010 and will feature Beth Porter of the United Nations Capital Development Fund and Chuck Waterfield of Microfinance Transparency.

During this event, Beth and Chuck will closely examine the evolution of consumer protection, the drivers that lead to the global financial meltdown, and why transparent contracts and pricing within the microfinance industry is more crucial now than ever before.


In light of the financial crisis that is affecting organizations worldwide, it has become evident that players in the microfinance industry are responsible for maintaining ethical, transparent protection policies.  What are the challenges with implementing industry-wide client protection policies? How can MFIs reasonably operationalize client protection and transparency in a way that is not over-burdensome? How can investors be sure which firms are socially responsible institutions? What global efforts are underway to follow ethical, respectful and transparent practices? Finally, as consumers, what can we do to insure ethical practices are rewarded?

Beth Porter and Chuck Waterfield will bring their extensive knowledge of industry-wide policies and practices to the table to answer these questions and more.  Order your ticket now as seating is limited!

This event will be held in partnership with Omidyar Network and Women Advancing Microfinance (WAM).

Omidyar Network is a philanthropic investment firm that creates opportunity for people to improve their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, the organization has committed more than $330 million to for-profit companies and nonprofit organizations that foster economic advancement and encourage individual participation across multiple investment areas, including microfinance, property rights, and government transparency. To learn more about Omidyar Network, visit www.omidyar.com.

Women Advancing Microfinance (WAM) was created to support women in the microfinance industry.  One of our speakers this evening, Beth Porter, is a founder of WAM and director of the Northern Califorinia chapter. The mission is to advance and support women working in microfinance through education and training, by promoting leadership opportunities, and by increasing visibility of their participation and talent while maintaining a work/life balance. WAM advances its values by serving as a network for women in microfinance all over the world and as a platform for communication and collective action. To learn more about WAM, visit www.waminternational.org.

Register early!  Online registration closes the day of the event.  At-the-door admission is $10 more.

To register, please click on the SVMN registration link here (Order now – seating is limited!):
register

When: Monday, June 14, 2010

6:00-6:30 — Sign-in, dinner, networking
6:30-7:15 — Intros and speaker presentations
7:15-8:00 — Q&A
8:00-8:30 – Networking

Where: Omidyar Network Office

1991 Broadway St, Suite 200
Redwood City, CA 94063

(directions here)

Cost:

in advance: $20 regular attendee | $10 students, WAM Members & non-profits (w/ ID)
at the door: $30 regular attendee | $20 students & non-profits (w/ ID)
(includes dinner + drinks)

Speaker Bios

Chuck Waterfield

Chuck Waterfield has 25 years experience in microfinance, with a mixture of practical field experience (six years starting MFIs in both Haiti and Bolivia) and experience leading network strategy development (serving as microenterprise director for both MEDA and for CARE International). He developed Microfin, the most popular financial planning software in the microfinance industry and teaches business planning courses around the world, with more than 3,000 microfinance professionals having been trained in his courses. Mr. Waterfield’s current work as an independent consultant includes clients across the industry.

Currently on faculty of Columbia University School of International and Public Affairs, Mr. Waterfield was formerly on the faculty of the Boulder Microfinance Training Program for ten years and Southern New Hampshire University’s Microenterprise Development Institute for eight years. In addition to Microfin, he has a broad range of products and publications including the SEEP FRAME Tool, the CARE Credit and Savings Sourcebook, and CGAP Handbook on Management Information Systems. In 2008, Mr. Waterfield founded MicroFinance Transparency and works part-time in the institution as he continues his other responsibilities.

Beth Porter

Beth Porter has over 20 years of experience in microfinance and organizational development in 30 countries in Africa, Asia and Latin America. Ms. Porter is Policy Coordinator for Financial Inclusion at UNCDF where she provides policy guidance to the regional offices and supports the UN’s Special Advocate for Financial Inclusion, HRH Princess Maxima of the Netherlands, in advocating for inclusive finance at the highest levels.

She previously launched and directed an initiative at Making Cents International to build the capabilities of financial services providers and youth-serving organizations in the nascent sector of youth-inclusive financial services.  At Freedom from Hunger, Ms. Porter led development of program strategy and managed delivery of integrated microfinance services to 1.2 million women and their families in 16 countries.  Ms. Porter has provided extensive technical assistance and training in strategic and business planning, product design, and organizational effectiveness and operational efficiency, and is experienced in program appraisal, design and evaluation.  Ms. Porter worked as an independent consultant with numerous organizations and managed Save the Children/UK’s microfinance activities in Vietnam and Catholic Relief Services’ microenterprise programming in Senegal and Cape Verde.  Ms. Porter is Board Chair of the SEEP Network, on the board of Bolivian MFI CRECER, on the Steering Committee of the SMART Campaign in Microfinance, on the Advisory Committee of the Youth-Inclusive Financial Services Linkage Program of Making Cents International, and Chair of the Northern California Chapter of Women Advancing Microfinance.

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Sep. 16 SVMN Mtg Recap: Engaging the Private Sector in Microfinance

Posted by Sriram Puthucode on September 23, 2009

Engaging the Private Sector in Microfinance

Successes and obstacles in profitably providing microfinance

Elisabeth talking about the case studies from her book

Elisabeth talking about the case studies from her book

Interactive Session on the challenges and solutions in private sector microfinance

Interactive Session on the challenges and solutions in private sector microfinance

September 16, 2009 SVMN Speaker Event re-cap written by Leslie Roulias

The SVMN speaker event on September 16th on “Engaging the Private Sector in Microfinance” featured Managing Director of the Center for Financial Inclusion at ACCION International, Elisabeth Rhyne.  Elisabeth recently published the book Microfinance for Bankers and Investors – Understanding the opportunities and challenges of the market at the Bottom of the Pyramid.

The first half of the book gives a road map for private sector companies looking to enter into the microfinance sector, and the second half uses case studies, across several industries, to look at private-sector company activities with double bottom line benefits serving the bottom of the pyramid.  Elisabeth took the SVMN event attendees through three of these case studies giving lessons both to private sector businesses, as well as to existing MFIs.  One of the private sector lessons was to evaluate the low-income market differently than the main-stream market.  A lesson for MFIs was to think big, get creative, and to form good partnerships.

Elisabeth advocated defining microfinance not only in terms of microcredit, but also as financial inclusion for all financial services.  She emphasized that high quality service is necessary to sustain a successful double bottom line organization.  She charged the SVMN members to endorse the campaign for client protection in Microfinance, which ACCION International created based on six principles that should comprise the industry’s commitment to client protection:

  1. Avoidance of over-indebtedness
  2. Transparent pricing
  3. Appropriate collections practices
  4. Ethical staff behavior
  5. Mechanisms for redress of grievances
  6. Privacy of client data

Endorsing the ACCION International campaign for client inclusion can be done here

Elisabeth’s book is available on Amazon

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Sept. 16 SVMN Mtg: Engaging the Private Sector in Microfinance

Posted by April Newman on August 27, 2009

Engaging the Private Sector in Microfinance

Successes and obstacles in profitably providing microfinance

The next Silicon Valley Microfinance Network (SVMN) meeting will be Wednesday, September 16, 2009 and will feature Managing Director of the Center for Financial Inclusion at ACCION InternationalElisabeth Rhyne.

Elisabeth Rhyne

Beth Rhyne -- photographed by Jacques-Jean Tiziou, www.jjtiziou.net

Beth Rhyne -- photographed by Jacques-Jean Tiziou, www.jjtiziou.net

Over the last six years, the microfinance sector has grown at an average rate of 30%.  Certainly this type of growth does not only encourage social justice advocates, it also attracts business-minded investors.  The recently published book Microfinance for Bankers and Investors uses case studies to explore successful solutions in product design, last-mile delivery to remote villages and urban slums, and technological innovations that reduce costs and provide liberating new means of payment and remittance to populations previously tied to a cash economy.  Citibank, Visa, and Sequoia Capital have already taken the plunge in investing in microfinance.  Managing Director of the Center for Financial Inclusion at ACCION International and author Elisabeth Rhyne will discuss just how warm the water is.

Copies of the book Microfinance for Bankers and Investors/ Understanding the opportunities and challenges of the market at the Bottom of the Pyramid will be available for sale at the event.

MF for Bankers and Investors book cover

To register, please click on the SVMN registration link here:

register

When: Wednesday, September 16, 2009

6:00-6:30pm: Registration, Dinner, & Networking

6:30-8:00pm: Speaker & Discussion

8:00-8:30pm: Networking

Where: The Enterprise Network (bldg w/ ‘Toyko Electronic’ sign)

2953 Bunker Hill, 4th Floor

Santa Clara, CA 95054

(directions here)

Cost:

in advance: $20 regular attendee | $10 students & non-profits (w/ ID)

at the door: $30 regular attendee | $20 students & non-profits (w/ ID)

(includes dinner + drinks)

Please register early and save money.  Online registration closes the morning of the event.

Read the rest of this entry »

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