. 

.

The Center of Excellence on CFIs organized a webinar, “Investments in Cooperative Financial Institutions (CFIs): Approaches Innovations” on May 5th. Mr. Anderson Caputo Silva, Practice Manager of the World Bank Group, opened the session by highlighting the uniqueness of CFIs as member-based institutions. Mr. Perlat Sulaj, CEO of FED invest in Albania and Mand r. Joseph Mugume Kazooba, CEO of EBO SACCO in Uganda shared their experiences in obtaining external investments in the recent past. Robert Cheberiak, Managing Director of Investments of DID reacted to the presentations from the investor’s point of view. Ms. Juliëtte Hensgens, Project Manager of Rabo Partnerships moderated the discussion and the Q&A session with about 40 participants. One of the key highlights of the discussion was that the investments in CFIs are a balancing act between the member-based structure of the CFIs, their stability and growth, and the expectations of the investors. Please visit the CFI CoE website for a remaining question that was not addressed during the session.

.

WATCH WEBINAR RECORDING

.

.

CHAIR:

Anderson Caputo Silva, Practice Manager, FCI GP, World Bank Group

Anderson is Practice Manager for Long-Term Finance, within the Finance, Competitiveness, and Innovation Global Practice, leading the Capital Markets, Infrastructure Finance, Housing Finance, Agriculture Finance, Pensions & Insurance product lines. Anderson joined the World Bank in 2006 and has been actively involved on advisory services to develop capital markets and on the design of financial solutions to mobilize financing through bond markets and for infrastructure financing. Prior to joining the World Bank, Anderson worked for the Brazilian Treasury from 1993 to 2005, where, among others, he served as Head of the Public Debt Strategic Planning Department, managing the risk, and formulating refinancing strategies in domestic and international capital markets for the overall government debt portfolio. Anderson holds a Ph.D. degree in Finance from the University of Illinois at Urbana-Champaign.

.

SPEAKERS:

Perlat Sulaj, CEO, FED invest, Albania 

Perlat’s areas of expertise encompass financial and risk management, organizational development, microfinance, and SME credit management. He has gained a rich and versatile experience in microfinance for over two decades, holding several Senior Management positions including Director of Operations, Director of Business Development, Chief Finance Officer, and Chief Risk Officer. FED invest is the first pioneering microfinance institution established in Albania. He holds an MBA from University of Nebraska and a graduate degree in Mathematics from University of Tirana.

.

Joseph Mugume Kazooba, CEO, EBO SACCO, Uganda

Joseph has been leading EBO Saving and Credit Cooperative (SACCO) since 2014. EBO SACCO is situated in Western Uganda with over 52,000 individual members. Prior to the current position, he has held several management positions at EBO SACCO such as general manager and founding manager. He holds an MBA from Makerere University Business School.

.

.

Robert Cheberiak, Managing Director of Investments, DID

Robert has over 20 years of experience in investment management, corporate finance, and consulting. He is a Managing Director at Développement international Desjardin (DID), responsible for managing DID’s investment team and private market investment funds. Previously, Robert worked as an Investment Manager at the Qatar Investment Authority and as an Assistant Director in the Corporate Finance practice of PricewaterhouseCoopers in London. He has a Masters’ Degree in Economics and is a CFA and CIP.

.

MODERATOR:

Juliëtte Hensgens, Project Manager, Rabo Partnerships

Juliëtte is a Project Manager at Rabo Partnerships Advisory Services (RPAS), a dedicated consultancy unit within the Rabobank Group, focusing on capacity building of (rural) banks, Agri finance development, supply chain financing, and cooperative development. She is leading multiyear support programs and transformation programs in various African countries and has working experience in Africa, Eastern Europe and Southeast Asia. Juliëtte holds a master's degree in law and Economics from the University of Utrecht and Vrije Universiteit Amsterdam and is an experienced banker with a background in credit risk and special asset management.
.

. 

.

The Center of Excellence on CFIs organized a webinar, “Investments in Cooperative Financial Institutions (CFIs): Approaches Innovations” on May 5th. Mr. Anderson Caputo Silva, Practice Manager of the World Bank Group, opened the session by highlighting the uniqueness of CFIs as member-based institutions. Mr. Perlat Sulaj, CEO of FED invest in Albania and Mand r. Joseph Mugume Kazooba, CEO of EBO SACCO in Uganda shared their experiences in obtaining external investments in the recent past. Robert Cheberiak, Managing Director of Investments of DID reacted to the presentations from the investor’s point of view. Ms. Juliëtte Hensgens, Project Manager of Rabo Partnerships moderated the discussion and the Q&A session with about 40 participants. One of the key highlights of the discussion was that the investments in CFIs are a balancing act between the member-based structure of the CFIs, their stability and growth, and the expectations of the investors. Please visit the CFI CoE website for a remaining question that was not addressed during the session.

.

WEBINAR RECORDING

 

CHAIR:

Anderson Caputo Silva, Practice Manager, FCI GP, World Bank Group

Anderson is Practice Manager for Long-Term Finance, within the Finance, Competitiveness, and Innovation Global Practice, leading the Capital Markets, Infrastructure Finance, Housing Finance, Agriculture Finance, Pensions & Insurance product lines. Anderson joined the World Bank in 2006 and has been actively involved on advisory services to develop capital markets and on the design of financial solutions to mobilize financing through bond markets and for infrastructure financing. Prior to joining the World Bank, Anderson worked for the Brazilian Treasury from 1993 to 2005, where, among others, he served as Head of the Public Debt Strategic Planning Department, managing the risk, and formulating refinancing strategies in domestic and international capital markets for the overall government debt portfolio. Anderson holds a Ph.D. degree in Finance from the University of Illinois at Urbana-Champaign.

.

SPEAKERS:

Perlat Sulaj, CEO, FED invest, Albania 

Perlat’s areas of expertise encompass financial and risk management, organizational development, microfinance, and SME credit management. He has gained a rich and versatile experience in microfinance for over two decades, holding several Senior Management positions including Director of Operations, Director of Business Development, Chief Finance Officer, and Chief Risk Officer. FED invest is the first pioneering microfinance institution established in Albania. He holds an MBA from University of Nebraska and a graduate degree in Mathematics from University of Tirana.

.

Joseph Mugume Kazooba, CEO, EBO SACCO, Uganda

Joseph has been leading EBO Saving and Credit Cooperative (SACCO) since 2014. EBO SACCO is situated in Western Uganda with over 52,000 individual members. Prior to the current position, he has held several management positions at EBO SACCO such as general manager and founding manager. He holds an MBA from Makerere University Business School.

.

.

Robert Cheberiak, Managing Director of Investments, DID

Robert has over 20 years of experience in investment management, corporate finance, and consulting. He is a Managing Director at Développement international Desjardin (DID), responsible for managing DID’s investment team and private market investment funds. Previously, Robert worked as an Investment Manager at the Qatar Investment Authority and as an Assistant Director in the Corporate Finance practice of PricewaterhouseCoopers in London. He has a Masters’ Degree in Economics and is a CFA and CIP.

.

MODERATOR:

Juliëtte Hensgens, Project Manager, Rabo Partnerships

Juliëtte is a Project Manager at Rabo Partnerships Advisory Services (RPAS), a dedicated consultancy unit within the Rabobank Group, focusing on capacity building of (rural) banks, Agri finance development, supply chain financing, and cooperative development. She is leading multiyear support programs and transformation programs in various African countries and has working experience in Africa, Eastern Europe and Southeast Asia. Juliëtte holds a master's degree in law and Economics from the University of Utrecht and Vrije Universiteit Amsterdam and is an experienced banker with a background in credit risk and special asset management.
.

. 

.

The Center of Excellence on CFIs organized a webinar, “Investments in Cooperative Financial Institutions (CFIs): Approaches Innovations” on May 5th. Mr. Anderson Caputo Silva, Practice Manager of the World Bank Group, opened the session by highlighting the uniqueness of CFIs as member-based institutions. Mr. Perlat Sulaj, CEO of FED invest in Albania and Mand r. Joseph Mugume Kazooba, CEO of EBO SACCO in Uganda shared their experiences in obtaining external investments in the recent past. Robert Cheberiak, Managing Director of Investments of DID reacted to the presentations from the investor’s point of view. Ms. Juliëtte Hensgens, Project Manager of Rabo Partnerships moderated the discussion and the Q&A session with about 40 participants. One of the key highlights of the discussion was that the investments in CFIs are a balancing act between the member-based structure of the CFIs, their stability and growth, and the expectations of the investors. Please visit the CFI CoE website for a remaining question that was not addressed during the session.

.

CHAIR:

Anderson Caputo Silva, Practice Manager, FCI GP, World Bank Group

Anderson is Practice Manager for Long-Term Finance, within the Finance, Competitiveness, and Innovation Global Practice, leading the Capital Markets, Infrastructure Finance, Housing Finance, Agriculture Finance, Pensions & Insurance product lines. Anderson joined the World Bank in 2006 and has been actively involved on advisory services to develop capital markets and on the design of financial solutions to mobilize financing through bond markets and for infrastructure financing. Prior to joining the World Bank, Anderson worked for the Brazilian Treasury from 1993 to 2005, where, among others, he served as Head of the Public Debt Strategic Planning Department, managing the risk, and formulating refinancing strategies in domestic and international capital markets for the overall government debt portfolio. Anderson holds a Ph.D. degree in Finance from the University of Illinois at Urbana-Champaign.

.

SPEAKERS:

Perlat Sulaj, CEO, FED invest, Albania 

Perlat’s areas of expertise encompass financial and risk management, organizational development, microfinance, and SME credit management. He has gained a rich and versatile experience in microfinance for over two decades, holding several Senior Management positions including Director of Operations, Director of Business Development, Chief Finance Officer, and Chief Risk Officer. FED invest is the first pioneering microfinance institution established in Albania. He holds an MBA from University of Nebraska and a graduate degree in Mathematics from University of Tirana.

.

Joseph Mugume Kazooba, CEO, EBO SACCO, Uganda

Joseph has been leading EBO Saving and Credit Cooperative (SACCO) since 2014. EBO SACCO is situated in Western Uganda with over 52,000 individual members. Prior to the current position, he has held several management positions at EBO SACCO such as general manager and founding manager. He holds an MBA from Makerere University Business School.

.

.

Robert Cheberiak, Managing Director of Investments, DID

Robert has over 20 years of experience in investment management, corporate finance, and consulting. He is a Managing Director at Développement international Desjardin (DID), responsible for managing DID’s investment team and private market investment funds. Previously, Robert worked as an Investment Manager at the Qatar Investment Authority and as an Assistant Director in the Corporate Finance practice of PricewaterhouseCoopers in London. He has a Masters’ Degree in Economics and is a CFA and CIP.

.

MODERATOR:

Juliëtte Hensgens, Project Manager, Rabo Partnerships

Juliëtte is a Project Manager at Rabo Partnerships Advisory Services (RPAS), a dedicated consultancy unit within the Rabobank Group, focusing on capacity building of (rural) banks, Agri finance development, supply chain financing, and cooperative development. She is leading multiyear support programs and transformation programs in various African countries and has working experience in Africa, Eastern Europe and Southeast Asia. Juliëtte holds a master's degree in law and Economics from the University of Utrecht and Vrije Universiteit Amsterdam and is an experienced banker with a background in credit risk and special asset management.
.

.

The Center of Excellence on CFIs organized a webinar, “Investments in Cooperative Financial Institutions (CFIs): Approaches Innovations” on May 5th. Mr. Anderson Caputo Silva, Practice Manager of the World Bank Group, opened the session by highlighting the uniqueness of CFIs as member-based institutions. Mr. Perlat Sulaj, CEO of FED invest in Albania and Mand r. Joseph Mugume Kazooba, CEO of EBO SACCO in Uganda shared their experiences in obtaining external investments in the recent past. Robert Cheberiak, Managing Director of Investments of DID reacted to the presentations from the investor’s point of view. Ms. Juliëtte Hensgens, Project Manager of Rabo Partnerships moderated the discussion and the Q&A session with about 40 participants. One of the key highlights of the discussion was that the investments in CFIs are a balancing act between the member-based structure of the CFIs, their stability and growth, and the expectations of the investors. Please visit the CFI CoE website for a remaining question that was not addressed during the session.

.

.

CHAIR:

Anderson Caputo Silva, Practice Manager, FCI GP, World Bank Group

Anderson is Practice Manager for Long-Term Finance, within the Finance, Competitiveness, and Innovation Global Practice, leading the Capital Markets, Infrastructure Finance, Housing Finance, Agriculture Finance, Pensions & Insurance product lines. Anderson joined the World Bank in 2006 and has been actively involved on advisory services to develop capital markets and on the design of financial solutions to mobilize financing through bond markets and for infrastructure financing. Prior to joining the World Bank, Anderson worked for the Brazilian Treasury from 1993 to 2005, where, among others, he served as Head of the Public Debt Strategic Planning Department, managing the risk, and formulating refinancing strategies in domestic and international capital markets for the overall government debt portfolio. Anderson holds a Ph.D. degree in Finance from the University of Illinois at Urbana-Champaign.

.

SPEAKERS:

Perlat Sulaj, CEO, FED invest, Albania 

Perlat’s areas of expertise encompass financial and risk management, organizational development, microfinance, and SME credit management. He has gained a rich and versatile experience in microfinance for over two decades, holding several Senior Management positions including Director of Operations, Director of Business Development, Chief Finance Officer, and Chief Risk Officer. FED invest is the first pioneering microfinance institution established in Albania. He holds an MBA from University of Nebraska and a graduate degree in Mathematics from University of Tirana.

.

Joseph Mugume Kazooba, CEO, EBO SACCO, Uganda

Joseph has been leading EBO Saving and Credit Cooperative (SACCO) since 2014. EBO SACCO is situated in Western Uganda with over 52,000 individual members. Prior to the current position, he has held several management positions at EBO SACCO such as general manager and founding manager. He holds an MBA from Makerere University Business School.

.

.

Robert Cheberiak, Managing Director of Investments, DID

Robert has over 20 years of experience in investment management, corporate finance, and consulting. He is a Managing Director at Développement international Desjardin (DID), responsible for managing DID’s investment team and private market investment funds. Previously, Robert worked as an Investment Manager at the Qatar Investment Authority and as an Assistant Director in the Corporate Finance practice of PricewaterhouseCoopers in London. He has a Masters’ Degree in Economics and is a CFA and CIP.

.

MODERATOR:

Juliëtte Hensgens, Project Manager, Rabo Partnerships

Juliëtte is a Project Manager at Rabo Partnerships Advisory Services (RPAS), a dedicated consultancy unit within the Rabobank Group, focusing on capacity building of (rural) banks, Agri finance development, supply chain financing, and cooperative development. She is leading multiyear support programs and transformation programs in various African countries and has working experience in Africa, Eastern Europe and Southeast Asia. Juliëtte holds a master's degree in law and Economics from the University of Utrecht and Vrije Universiteit Amsterdam and is an experienced banker with a background in credit risk and special asset management.
.

. 

.

The Center of Excellence on CFIs organized a webinar, “Investments in Cooperative Financial Institutions (CFIs): Approaches Innovations” on May 5th. Mr. Anderson Caputo Silva, Practice Manager of the World Bank Group, opened the session by highlighting the uniqueness of CFIs as member-based institutions. Mr. Perlat Sulaj, CEO of FED invest in Albania and Mand r. Joseph Mugume Kazooba, CEO of EBO SACCO in Uganda shared their experiences in obtaining external investments in the recent past. Robert Cheberiak, Managing Director of Investments of DID reacted to the presentations from the investor’s point of view. Ms. Juliëtte Hensgens, Project Manager of Rabo Partnerships moderated the discussion and the Q&A session with about 40 participants. One of the key highlights of the discussion was that the investments in CFIs are a balancing act between the member-based structure of the CFIs, their stability and growth, and the expectations of the investors. Please visit the CFI CoE website for a remaining question that was not addressed during the session.

.

WEBINAR RECORDING

 

CHAIR:

Anderson Caputo Silva, Practice Manager, FCI GP, World Bank Group

Anderson is Practice Manager for Long-Term Finance, within the Finance, Competitiveness, and Innovation Global Practice, leading the Capital Markets, Infrastructure Finance, Housing Finance, Agriculture Finance, Pensions & Insurance product lines. Anderson joined the World Bank in 2006 and has been actively involved on advisory services to develop capital markets and on the design of financial solutions to mobilize financing through bond markets and for infrastructure financing. Prior to joining the World Bank, Anderson worked for the Brazilian Treasury from 1993 to 2005, where, among others, he served as Head of the Public Debt Strategic Planning Department, managing the risk, and formulating refinancing strategies in domestic and international capital markets for the overall government debt portfolio. Anderson holds a Ph.D. degree in Finance from the University of Illinois at Urbana-Champaign.

.

SPEAKERS:

Perlat Sulaj, CEO, FED invest, Albania 

Perlat’s areas of expertise encompass financial and risk management, organizational development, microfinance, and SME credit management. He has gained a rich and versatile experience in microfinance for over two decades, holding several Senior Management positions including Director of Operations, Director of Business Development, Chief Finance Officer, and Chief Risk Officer. FED invest is the first pioneering microfinance institution established in Albania. He holds an MBA from University of Nebraska and a graduate degree in Mathematics from University of Tirana.

.

Joseph Mugume Kazooba, CEO, EBO SACCO, Uganda

Joseph has been leading EBO Saving and Credit Cooperative (SACCO) since 2014. EBO SACCO is situated in Western Uganda with over 52,000 individual members. Prior to the current position, he has held several management positions at EBO SACCO such as general manager and founding manager. He holds an MBA from Makerere University Business School.

.

.

Robert Cheberiak, Managing Director of Investments, DID

Robert has over 20 years of experience in investment management, corporate finance, and consulting. He is a Managing Director at Développement international Desjardin (DID), responsible for managing DID’s investment team and private market investment funds. Previously, Robert worked as an Investment Manager at the Qatar Investment Authority and as an Assistant Director in the Corporate Finance practice of PricewaterhouseCoopers in London. He has a Masters’ Degree in Economics and is a CFA and CIP.

.

MODERATOR:

Juliëtte Hensgens, Project Manager, Rabo Partnerships

Juliëtte is a Project Manager at Rabo Partnerships Advisory Services (RPAS), a dedicated consultancy unit within the Rabobank Group, focusing on capacity building of (rural) banks, Agri finance development, supply chain financing, and cooperative development. She is leading multiyear support programs and transformation programs in various African countries and has working experience in Africa, Eastern Europe and Southeast Asia. Juliëtte holds a master's degree in law and Economics from the University of Utrecht and Vrije Universiteit Amsterdam and is an experienced banker with a background in credit risk and special asset management.
.

. 

.

The Center of Excellence on CFIs organized a webinar, “Investments in Cooperative Financial Institutions (CFIs): Approaches Innovations” on May 5th. Mr. Anderson Caputo Silva, Practice Manager of the World Bank Group, opened the session by highlighting the uniqueness of CFIs as member-based institutions. Mr. Perlat Sulaj, CEO of FED invest in Albania and Mand r. Joseph Mugume Kazooba, CEO of EBO SACCO in Uganda shared their experiences in obtaining external investments in the recent past. Robert Cheberiak, Managing Director of Investments of DID reacted to the presentations from the investor’s point of view. Ms. Juliëtte Hensgens, Project Manager of Rabo Partnerships moderated the discussion and the Q&A session with about 40 participants. One of the key highlights of the discussion was that the investments in CFIs are a balancing act between the member-based structure of the CFIs, their stability and growth, and the expectations of the investors. Please visit the CFI CoE website for a remaining question that was not addressed during the session.

.

WATCH WEBINAR RECORDING

.

.

CHAIR:

Anderson Caputo Silva, Practice Manager, FCI GP, World Bank Group

Anderson is Practice Manager for Long-Term Finance, within the Finance, Competitiveness, and Innovation Global Practice, leading the Capital Markets, Infrastructure Finance, Housing Finance, Agriculture Finance, Pensions & Insurance product lines. Anderson joined the World Bank in 2006 and has been actively involved on advisory services to develop capital markets and on the design of financial solutions to mobilize financing through bond markets and for infrastructure financing. Prior to joining the World Bank, Anderson worked for the Brazilian Treasury from 1993 to 2005, where, among others, he served as Head of the Public Debt Strategic Planning Department, managing the risk, and formulating refinancing strategies in domestic and international capital markets for the overall government debt portfolio. Anderson holds a Ph.D. degree in Finance from the University of Illinois at Urbana-Champaign.

.

SPEAKERS:

Perlat Sulaj, CEO, FED invest, Albania 

Perlat’s areas of expertise encompass financial and risk management, organizational development, microfinance, and SME credit management. He has gained a rich and versatile experience in microfinance for over two decades, holding several Senior Management positions including Director of Operations, Director of Business Development, Chief Finance Officer, and Chief Risk Officer. FED invest is the first pioneering microfinance institution established in Albania. He holds an MBA from University of Nebraska and a graduate degree in Mathematics from University of Tirana.

.

Joseph Mugume Kazooba, CEO, EBO SACCO, Uganda

Joseph has been leading EBO Saving and Credit Cooperative (SACCO) since 2014. EBO SACCO is situated in Western Uganda with over 52,000 individual members. Prior to the current position, he has held several management positions at EBO SACCO such as general manager and founding manager. He holds an MBA from Makerere University Business School.

.

.

Robert Cheberiak, Managing Director of Investments, DID

Robert has over 20 years of experience in investment management, corporate finance, and consulting. He is a Managing Director at Développement international Desjardin (DID), responsible for managing DID’s investment team and private market investment funds. Previously, Robert worked as an Investment Manager at the Qatar Investment Authority and as an Assistant Director in the Corporate Finance practice of PricewaterhouseCoopers in London. He has a Masters’ Degree in Economics and is a CFA and CIP.

.

MODERATOR:

Juliëtte Hensgens, Project Manager, Rabo Partnerships

Juliëtte is a Project Manager at Rabo Partnerships Advisory Services (RPAS), a dedicated consultancy unit within the Rabobank Group, focusing on capacity building of (rural) banks, Agri finance development, supply chain financing, and cooperative development. She is leading multiyear support programs and transformation programs in various African countries and has working experience in Africa, Eastern Europe and Southeast Asia. Juliëtte holds a master's degree in law and Economics from the University of Utrecht and Vrije Universiteit Amsterdam and is an experienced banker with a background in credit risk and special asset management.
.

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.

Yes, we do have some external borrowings which contribute about 20% of our funding structure but mostly from like-minded investors/wholesale lenders. Yes, these debts are none secured, therefore subordinated in nature.
 

Yes, we do have some external borrowings which contribute about 20% of our funding structure but mostly from like-minded investors/wholesale lenders. Yes, these debts are none secured, therefore subordinated in nature.
 

Current Latin American landscape in terms of the supervision and prudential regulations applied to CFIs. The sample includes 18 countries: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela.