May 4th, 2006

Introduction

Financial services are fundamental to community development as they enable individuals to build assets, manage risks, and increase earnings. The Financial Services Innovation Summit launches the Digital Vision Programs Advancing Financial Services Initiative. Digital Vision Fellows in the Advancing Financial Services Initiative will harnesses the power of information technology to improve the reach, scope and effectiveness of critical financial services in underserved markets. They will employ a needs-based approach to conceptualizing innovations in the following areas: microfinance, microinsurance, remittances, market information, and e-commerce.

Please RSVP to events@rdvp.org.
In your message, please indicate whether you will be attending the Summit and/or the Showcase.

When and where?

Thursday May 4th, 2:00 pm – 5:00 pm
Cordura Hall, Room 100, Stanford University

Schedule of Events

2:00-3:45pm	Panel: “Next Generation Financial Services for Untapped Markets”
	Moderator: Danny Ayala, Senior Vice President and Product Management Manager, Wells Fargo’s Global Remittance Services. More Panelists: Margarita Quihuis, President and Founder, Indigo Financiera. More Segeni Ng’ethe, President and Founder, MamaMikes. More Bhairav Trivedi, Co-Founder and CEO, PayQuik. More Gabriel Manjarrez, Co-founder and EVP, Progress Financial Corp (Progreso Financiero). More Nat Goldhaber, Founder of Claremont Creek Venture and Cybergold. More
4:00-5:00pm	Keynote Speakers Nancy Barry, President of Women’s World Banking. More “Bringing Technology to Micro-entrepreneurs” Javier Sarro, Chief Executive Officer, Grupo Elektra. More “Achieving Scale: From zero to 80,000 loans per week” Light refeshments to follow.
6:00-8:30pm	Stanford Social Innovation Showcase Reuters Digital Vision Fellows’ Project Showcase and Reception

Panel: Next Generation Financial Services for Untapped Markets

Come learn about the next generation of financial services for untapped markets. We will explore trends in disintermediation, discover how multinational corporations and social entrepreneurs are entering into the cross-border payments market, gain insights into the nuances in the cultural marketing of financial services for low-income markets, and hear about how microfinance institutions are making decisions on bundled services – which service bundles are the most profitable and for which market segments.

Moderator:
Danny Ayala, Senior Vice President and Product Management Manager, Wells Fargo’s Global Remittance Services. More

Panelists:
Margarita Quihuis, President and Founder, Indigo Financiera. More
Segeni Ng’ethe, President and Founder, MamaMikes. More
Bhairav Trivedi, Co-Founder and CEO, PayQuik. More
More
Gabriel Manjarrez, Co-founder and EVP, Progress Financial Corp (Progreso Financiero).More
Nat Goldhaber, Founder of Claremont Creek Venture and Cybergold. More

Keynote Speakers

Speaker:Nancy Barry, President of Women’s World Banking
Bringing Technology to Micro-entrepreneurs

The Women’s World Banking network aims to have a major impact on expanding the economic assets, participation and power of low income women as entrepreneurs and economic agents by opening their access to finance, knowledge and markets. Stanford alumni Nancy Barry will highlight Women’s World Banking’s strategy of Bringing Technology to Micro-entrepreneurs. Women’s World Banking is assisting its affiliates with creating technological tools to assist with MFI product diversification, expansion into rural areas, and managing micro-enterprises. Through this strategy, and all of its work, the Women’s World Banking network aims to have a major impact on expanding the economic assets, participation and power of low income women as entrepreneurs and economic agents by opening their access to finance, knowledge and markets.

Barry’s bio:
http://www.swwb.org/English/1000/global_team/office_of_the_president.htm
Women’s World Banking:
http://www.swwb.org

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Speaker:Javier Sarro, Chief Executive Officer, Grupo Elektra
Achieving Scale: From Zero to 80,000 loans per week in less than three years

Grupo Elektra is Latin America ’s leading specialty retailer and financial services company, serving the mass market by providing consumer credit. It operates more than 1,000 stores in four countries. Javier Sarro will share his perspectives on Grupo Elektra’s strategy of combining retail with banking operations. Launched in October of 2002, Banco Azteca now has a presence in the majority of Grupo Elektra’s 1,000 stores in Mexico and opens 50,000 new savings accounts and 80,000 new loans every week. Banco Azteca also offers basic insurance, medical coverage, and free entrepreneurship training to its low and middle-income clients. Grupo Elektra has well established systems to effectively monitor and manage credit risk for small denomination loans on a weekly basis.

Sarro’s bio:
http://www.gruposalinas.com/whatis/team.shtml#
Grupo Elektra:
http://www.grupoelektra.com.mx/elektra/English/default.asp

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