The third and final day of our Summit was just as eventful and exciting as the first two. The day started off with the “Social Business: Creating solutions for social problems” plenary, moderated by Imelda Nicolas, Secretary of the Commission on Filipinos Overseas (CFO), Philippines. The Panelists included the esteemed Professor Muhammad Yunus, Founder of Grameen Bank; Mr. Nasser Al Khatani, the Executive Director of Arab Gulf Program for Development (AGFUND) based in Saudi Arabia; and Dr. Jaime Aristotle Alip, Founder & Managing Director, CARD MRI, Philippines. The plenary’s main focus was how can solving social problems lead to sustainable businesses? This plenary highlighted examples on how social investors and MFIs in the Philippines and other countries turned social problems into business opportunities. The panelists then led us through the process of defining a social problem and coming up with creative solutions for addressing that problem through social businesses.
Hear more of Muhammad Yunus’s and the rest of the panelist’s very inspiring speeches HERE: http://new.livestream.com/accounts/2071894/PartnershipsAgainstPovertySummit2013
After the break, the “From intent to action: Resources to ensure responsible inclusive finance” workshop was given. Speakers on the panel included Dina Pons, Social Performance Task Force (SPTF) & Investment Manager and Social Performance Management Coordinator, Incofin IM; Gilbert Maramba, Research and Development Department, Negros Women for Tomorrow Foundation (NWTF), Philippines; Yasser Ashfaq, Group Head, Financial Services Group, Pakistan Poverty Alleviation Fund (PPAF), Pakistan; and Mila Mercado-Bunker, President, Ahon Sa Hirap, Inc. and Chair of the Microfinance Council of the Philippines. The workshop was organized in partnership with the Responsible Inclusive Finance Working Group and provided a brief overview of responsible inclusive finance, defining the issue and describing the various initiatives and resources available to MFIs. It also provided a step-by-step roadmap for MFIs to improve their responsible inclusive finance practice.
Other workshops during the day included the “partnerships that utilize microfinance for post disaster assistance and post conflict support” workshop mediated by Michael Knaute, Executive Director, Convergences, France; and joined by Maud Savary-Mornet, Regional Manager, East and South East Asia, responsibility; Ben Warren, Kubaru; and Rev. Tambwe wa Tambwe Musangelu, Executive Director, Diku Dilenga RD du Congo . The main questions that were addressed included How Microfinance can serve the needs of such vulnerable populations once disaster strikes?, How these institutions flourish and develop, and also How these disasters affect MFI’s in general?
The day ended with the closing session including recognition’s and Thank you’s …and as Muhammad Yunus concluded by saying “continue to expand”