Yes, we do have some external borrowings which contribute to about 20% of our funding structure, but mostly from like-minded investors/wholesale lenders.
Yes, none of these debts are secured, therefore subordinated in nature.
What role can CGAP and other multilaterals play in this area beyond technical work on regulatory obstacles/enablers? Would financial coops appreciate advice on business models, or even IT platform solutions?
How can we accelerate knowledge and competency to enable digital transformation as a development agency and what would be possible measures of success in the digital transformation efforts?
Thank you Peter for the presentation. What would be the relationship between the Liquidity management as shared service to the SACCO Central Finance Facility?
Can you expand on the regulatory constraints to digitization? I generally see them as limitation from the Central Bank and commercial banks that don't want CFIs to have direct access to payment systems, not the CFI supervisors themselves limiting CFIs, as such they are more constraits to competition.
Questions and Answers
Given the total assets of USD 11 million and the deposits of USD 7.7 million, is there any 3rd-party refinancing already in the books? Are these subordinated debts to protect members' deposits?
Yes, we do have some external borrowings which contribute to about 20% of our funding structure, but mostly from like-minded investors/wholesale lenders.
Yes, none of these debts are secured, therefore subordinated in nature.
Upcoming webinar: Apex organizations of financial cooperatives: roles and opportunities. (November 11, 2020)
Additional questions on Deposit Insurance for Financial Cooperatives webinar
Role of Multilaterals in digitization of CFIs and business models
[Question by Peter Knaack]
What role can CGAP and other multilaterals play in this area beyond technical work on regulatory obstacles/enablers? Would financial coops appreciate advice on business models, or even IT platform solutions?
Knowledge and Competency in enabling digital transformation
[Question from Raesibe M.]
How can we accelerate knowledge and competency to enable digital transformation as a development agency and what would be possible measures of success in the digital transformation efforts?
Liquidity management (to Peter Njuguna)
[Question from Baboucarr Jeng]
Thank you Peter for the presentation. What would be the relationship between the Liquidity management as shared service to the SACCO Central Finance Facility?
Regulatory or competitive constraints to direct payment system access.
Can you expand on the regulatory constraints to digitization? I generally see them as limitation from the Central Bank and commercial banks that don't want CFIs to have direct access to payment systems, not the CFI supervisors themselves limiting CFIs, as such they are more constraits to competition.
Dave