9. ROUGHLY FOUR MILLION
FAMILIES LOST THEIR
HOMES TO FORECLOSURE
BETWEEN THE BEGINNING
OF 2007 AND EARLY 2012.
10. "NO LONGER CAN ANY INDIVIDUAL
NATION COLLAPSE. WORLD
CIVILIZATION WILL DISINTEGRATE AS A
WHOLE. COMPETITORS WHO EVILVE AS
PEERS COLLAPSE IN LIKE MANNER."
- Joseph Tainter
20. Is it possible to weave participatory
and democratic control, social
responsibility, global collaboration,
and exponential technology growth
into a consumer financial system
that changes lives?
33. VALUE CHAINS
Credit Union
Identify and evaluate potential value chains
34. VALUE CHAINS
Credit Union
Identify and evaluate potential value chains
Export
Raw materials: Components: Production:
channels: Marketing &
Natural & Yard & Garment
Trade retail
synthetic fiber fabrics factories
intermediaries
35. VALUE CHAINS
Credit Union
Facilitate connections at each step
Export
Raw materials: Components: Production:
channels: Marketing &
Natural & Yard & Garment
Trade retail
synthetic fiber fabrics factories
intermediaries
36. VALUE CHAINS
Credit Union
Design and provide lending and savings products for each step
Export
Raw materials: Components: Production:
channels: Marketing &
Natural & Yard & Garment
Trade retail
synthetic fiber fabrics factories
intermediaries
37. HAITI MOBILE MONEY and Enterprises (HIFIVE)
INITIATIVE
Haiti Integrated Financing for Value Chains
Bill & Melinda Gates Foundation + WOCCU + Scotiabank + USAid
42. IN THE U.S. THERE ARE MORE PAYDAY LENDERS THAN
STARBUCKS AND MCDONALDS COMBINED
43.
44. Set to grow significantly over the next decade and beyond.
45. PRIZE-LINKED SAVINGS
• $100,000 Grand Prize
• No Risk to Principal
• Year 1: 12,000 New
Accounts, $8.7 Million in
Deposits
• Year 2: 16,000 New
Accounts, $27.9 Million in
Deposits
52. LARGE SCALE COLLABORATION
536 credit unions, $151.9 billion (CAD) in assets
Frees small credit unions up to design for specific needs,
cultures and environmental shifts.
53. LARGE SCALE COLLABORATION
536 credit unions, $151.9 billion (CAD) in assets
40% marketshare in Quebec
54. LARGE SCALE COLLABORATION
536 credit unions, $151.9 billion (CAD) in assets
40% marketshare in Quebec
Compare to fragmented U.S. system with 6% marketshare
57. DEMOCRATIC, PARTICIPATORY
STRUCTURE
Credit unions are cooperatives and fully owned by
their members.
58. “ ...In a country with
no democratic
traditions, the
best way to build
an understanding
of democracy is
to do it first at the
local level.
59. For many people, this is their first direct experience
with democratic decisionmaking and election process.
60. In March 2005, 60% of the membership of the Islamic Investment and
Finance Cooperatives voted to elect volunteer directors to govern the
institutions. Two women were elected to the board of each credit union.