1. CARIBBEAN CONFEDERATION OF CREDIT UNIONS 53rd Annual International Convention 2010

2. EMBRACING A NEW PARADIGM
Sis
EMBRACING A NEW PARADIGM
FOR THE ERADICATION
OF POVERTY

3. The Caribbean in World History
The modern Mediterranean;
The modern hub
of European expansion
through mercantilism

4. Global Models from the Caribbean: Financial institutions Sports Icons Cultural symbols Literary and intellectual giants

5. The CCCU Model Over 350 member credit unions
with substantial capitalization;
Over 2.2 million members
in some 18 countries; .

6. Over $700 million in savings;
CCCU Model (Ctd)
Over $700 million in savings;
Over 639 million in loans;
Over 2.5 billion in assets.

7. Its success bears evidence to the merits of the vision for
CCCU SUCCESS
Its success bears evidence to
the merits of the vision for
a new paradigm
for the eradication of poverty.

8. The Credit Union Movement has made its mark on the world scene;
CCCU SUCCESS (Ctd)
The Credit Union Movement
has made its mark
on the world scene;
And secured its place of honor
in the region.

9. The CCCU CHALLENGE To look beyond the Anglophone Caribbean;
To embrace the emerging New Paradigm
against Poverty among 150 million persons
of African descent in Latin America;

10. CHALLENGE TO CCCCU (Ctd)
To assess the New Paradigm opportunities
for profitable financial services ;
To venture into virgin territory with a Network
of Credit Unions and Indigenous Banks
in Central America and South America.

11. The Prospects for Success
Population size
Cultural assets
Market potential
Physical & natural resources

12. of Africandescendants
Demographics
of Africandescendants
Latin America generally million
Non-hispanic Caribbean million
Costa Rica ,000
Honduras ,000
Panama ,000
Nicaragua ,000
Guatemala ,000

13. Demographics of African descendants

14. of African descendants
Demographics
of African descendants

15. Official Country Figures
Demographics of African descendants
Countries/ Areas
Official Country Figures
New Paradigm Research Figures
Latin America
million
million
Non-hispanic Caribbean
14.4 million
Costa Rica
645,000
Guatemala
246,000
Honduras
630,000
Nicaragua
396,000
Panama
448,000
1,100,000

16. Synergy of the New Paradigm and the Credit Union Movement
A War on Poverty in the Americas

17. USAID Report on Latin America (2004) states,
POVERTY vs ASSETS
USAID Report on Latin America (2004) states,
44% Latin Americans are now poorer;
20% suffer extreme poverty;
79% Hondurans live in poverty;
50% Unemployment in Nicaragua;
40% Unemployment in Colon, Panama.

18. The New Paradigm Concept
The old development models of the North,
the UN sponsored Aid programs ,
and even CAFTA,
have all failed this population.

19. There exists an invisible majorityII
There exists an invisible majority
that outnumbers
the privileged oligarchies;

20. These populations own resources :
III
These populations own resources :
Prime areas of coastal land;
Skills in the creation of cultural products;
Environmental assets and water supply;

21. new business partnerships,
They have untapped resources
Vital for creation of new wealth,
new business partnerships,
and new jobs.

22. They can utilize their skills
to create products
for community consumption and trade among themselves
as well as with others,
within and outside the region.

23. They have vital ethnic linksIV
They have vital ethnic links
with the Diasporas of the North;
as potential partners, investors, and traders;
40 million African descendants in the US & Canada;
A Caribbean and Central American population contributing $10 billion of economic activity
in the US alone, annually.

24. New Paradigm Strategy:
Local academic institutions as partners; ii
Community participation in Master Planning;
iii
Access to credit and financing
for bundled feasible projects;

25. Market Organization, Market penetration Market expansioniv
Market Organization,
Market penetration
Market expansion
for
Viable, but fair, two-way trade,
South-South and North-South.

26. Not in African descendant communities.
FERTILE TERRAIN
Marked expansion in Credit Unions
BUT
Not in African descendant communities.

27. Panama - 89 new cooperatives,
mainly credit unions, in 2008,
and 18% growth in 2009.
Guatemala - 12% in credit unions;
Costa Rica %.
No black communities impacted.

28. CCCU Prospective Partners
The Southern Caucus
Access to Finance Task Force
headed by Dr Byron Blake.
La Cooperative San Cristobal
Sole black financial institution

29. Construction, Agriculture & Trade Profitable funding
CCCU PROSPECTS
with the New Paradigm
Construction, Agriculture & Trade
Profitable funding
And investment opportunities
in ten major Afrodescendant
communities of Central America.

30. $5 million to generate $200 million of new economic activity
A Development Fund
$5 million to generate $200 million
of new economic activity
($20 million of feasible projects per Province)

31. & Capacity Building Investment Fund $500,000 for each of 10 Provinces
A Master Planning
& Capacity Building Investment Fund
$500,000 for each of 10 Provinces
to generate $20 million
of business activity each.
A total of $200 million in the region.

32. The Vision An economic proposal for business expansion;
An invitation to participate in bold new collaborations;
A clarion call to contribute to a new era of sustainable economic development for the wider region.