Diapositiva

Document Sample
Diapositiva Powered By Docstoc
					Enabling Policies for the Development of Integrated
Financial Services in Mexico’s Marginal Rural Areas:
   Lessons from the Rural Microfinance Technical
            Assistance Project (PATMIR)
                 Gabriela Zapata Álvarez

INTERNATIONAL CONFERENCE ON RURAL FINANCE RESEARCH
                   Rome, 20 March 2006




                                        SUBSECRETARÍA DE DESARROLLO RURAL
                           Dirección General de Programas Regionales y Organización Rural
                                      Dirección de Fomento de Organizaciones Financieras
                 BANKING THE RURAL POOR

 RURAL MUNICIPALITIES WITH VERY HIGH, HIGH AND MEDIUM MARGINALITY
         LEVELS* with at least 70% of new users living in communities of
         ≤10,000 inhabitants

 DIVERSIFIED POPULATION: women, men, adolescents, childen, artisans,
         farmers, housewives, teachers, migrant workers, entrepreneurs, etc.

 MULTIPLE FINANCIAL SERVICES that are savings-based and demand-
         driven: savings accounts, investment, credit, remittances,
         insurance, check-cashing, utility payments, distribution & recovery
         of government subsidies, etc.
*INEGI: Instituto Nacional de Estadística, Geografía e Informática
  Comprises 3 strategic elements:
  1. New Regulatory Framework: Popular Savings & Credit Act (PSCA)
  2. BANSEFI becomes a Development Bank with 3 mandates:
             Promote a savings culture (emphasizing lower-income populations)
             Become the Sector’s Central Bank
             Coordinate the Federal Government’s tempiorary support package to the Sector
  3. Federal Government’s temporary support package to strengthen the institutional
       capacity of the Sector:
               Technical Assistance             L@ Red de la Gente
               Training                         Studies, monitoring & Impact Evaluation
               Tecnological Platform            Promotional Campaign
               Training of Supervision Committees




PSCS = Popular Savings & Credit Sector
                           –Provide security to savers participating in the PSCS
  Objetives:               –Order, develop & consolidate popular financial institutions



   April 2001                       2001-2005                 Jan. 2006
   PSCA Approval                    Transition                • Authorization
                                     PSCS adjusts             • “Conditioned Extension”- Dec 2008
                                     operations,                 Conduct General
                                     organization and            Assembly, obtain
                                     indicators to comply        B+,B, C grade, Work
                                     with regulation             Plan




                                            FEDERAL GOVERNMENT SUPPORT PACKAGE
                                                 TO PROMOTE FORMALIZATION




MRA=Marginal Rural Areas
   Promote access to formal
   financial services that are
savings-based, demand-driven
 and sustainable in marginal
     rural areas through the
  provision of specialized TA
INTEGRATED REGIONAL
     STRATEGY
LED BY SPECIALIZED TECHNICAL
   ASSISTANCE PROVIDERS
                                                             FI SELECTION CRITERIA:
                                                          Willingness & capability to comply
                                         SPECIALIZED                   with the law
                                         TA PROVIDER       Willingness & capability to expand
                                                             services to marginal rural areas
                CONTRACT:                                 Willingness to work with specialized
                 Work Plan                                   agency according to Contract &
                                                                       Work Plan




                              FI              T                 FI
                                              A
                                                        
                              
                                                        Field
                Mobile                                  Promoters
               Services                      Branches
                                                            Service


FI: Financial Intermediary
                                   CSG
                                             CSG
                                                    
                                                              Point


CSG: Credit & Savings Group
          TA                             COST COMPENSATION
                                           FOR EXPANSION




    Provision of specialized         Provision of targeted &
technical assistance & training   declining subsidies for branch
   to FI’S by highly-qualified    expansion and operation for a
  Consultant Firms selected         period of up to 3 years per
    through an international                  branch
tendering process for a period
           of 3-5 years
TA   COST-COMPENSATION
       FOR EXPANSION
                 7 Regional Projects = 10 States




• Chiapas-Tabasco
• Huastecas
• Puebla-Tlaxcala                        Huasteca

                                         Puebla y
                             Michoacán   Tlaxcala
    • Guerrero                                Veracruz
    • Oaxaca                      Guerrero               Chiapas y
                                             Oaxaca      Tabasco

                    • Veracruz
                    • Michoacán
            F
            E
            E
            D
            B
            A
            C
            K


 STUDIES
 PANEL SURVEY
  Use of financial services, household expenditures and
  assets, economic activities of the household, receipt of
remittances, and economic shocks faced by the household.

  BANSEFI & SAGARPA
  5 years (2004-2008)
  5,800 households
      1,492 reside in communities served by PATMIR FIs
      2/3 of sample are rural & 1/3 is urban
      Treatment: ½ “banked” – Matched: ½ “unbanked”

  Analysis so far: Base-line (2004), comparing clients of
   PSCS as a whole vs PATMIR FI clients
                          PATMIR                 PSCS                PATMIR                  PSCS
                              (All)                (All)               (Rural)               (Rural)

   Education
   Level of                 5.2 yrs              6.3 yrs               4.6 yrs               5.3 yrs
   Female Head

   Monthly
   income                 mp$2,520             mp$3,780              mp$2,400              mp$2,520
   (median)

   Monthly
   expenditures           mp$1,970             mp$3,199              mp$1,770              mp$2,350
   (median)
                       Durables: mp$3,000   Durables mp$4,800     House size: 2.9 rms   House size: 3.1 rms
                       House size: 3 rms    House size: 3.5 rms   Piped water: 39%      Piped water:39%
   Assets              Piped water: 24%     Piped water: 62%




PSCS = Popular Savings & Credit Sector
 PATMIR is attracting clients with lower income and wealth levels in
  both rural and urban areas
 Banked and unbanked populations have very similar
  characteristics in rural areas
 61% opened their account after PATMIR
 Remittances are important:
      Receivers – Median acc. balance: mp$4,350
      Non-receivers – Median acc. balance: mp$1,200
 Loans to PATMIR clients: 2/3 of rural clients & 38% of urban
 Neither home nor land ownership is significantly associated with
  having a loan.
 Level of education is not a factor for obtaining a loan in the
  PATMIR sample
                Selective


 Innovative                   Multi-annual

               STANDARDIZED
                  FRAME OF
                REFERENCE
                 (LACP-GAE)
                               Intensive
Compensatory                    On-site
                                  TA
                 Results
                 Oriented
 Marginal rural population constitutes a viable market.
 Providing financial services in marginal rural areas does not
  impede compliance with regulatory requirements.
 Synergies among all actors are important to ensure win-win
  scenarios.
 Creation of FIs more expensive than Expansion, but
  adequate in some cases.
 Operational sustainability can be achieved by new FIs in 3-5
  years.
 Obstacles to providing services to the rural poor can be
  overcome through adaptation and innovation.
 Various models and approaches can be used to reach the
  rural poor successfully.
   GABRIELA ZAPATA ÁLVAREZ
Director of Promotion of Financial Organizations
             SAGARPA – MÉXICO
     Email: forgfin.dgpr@sagarpa.gob.mx

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:2
posted:9/23/2011
language:English
pages:21