1<br />CAPACITY BUILDING BETWEEN LITHUANIAN CENTRAL CREDIT UNION AND CREDIT UNIONSMICROCREDIT PROJECT<br />1<br />
2<br />WHAT IS A CREDIT UNION?<br />A credit union is a financial institution organised on co-operative basis which provid...
NETWORK OF CREDIT UNIONS<br />
STRUCTURE OF CREDIT UNIONS NETWORK IN LITHUANIA<br />CENTRAL BANK OF LITHUANIA (SUPERVISOR)<br />~ 112.000 MEMBERS<br />61...
5<br />LCCU SERVICES TO CREDIT UNIONS<br /><ul><li>Deposits
 Loans, overdrafts, credit lines
 Interbank local payments
 Support of payment cards (debit and credit)
 Internet banking
 Liquidity fund and liquidity management
 Stabilization fund and management of cu solvency
 Credit unions monitoring and inspections
 Consultancies
 Legal assistance
 Development and maintenance of IT systems
 Training
 Marketing
 Representation</li></li></ul><li>6<br />CREDIT UNIOMS SERVICES<br />Deposits (current, savings, term deposits accounts)<b...
7<br />MICROCREDIT PROJECT <br />Project – Microcredit project <br />Lead Partner - Lithuanian Central Credit Union <br />...
Upcoming SlideShare
Loading in …5
×

Copie 110119 lccu sigitas bubnys

55,341 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
55,341
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Copie 110119 lccu sigitas bubnys

  1. 1. 1<br />CAPACITY BUILDING BETWEEN LITHUANIAN CENTRAL CREDIT UNION AND CREDIT UNIONSMICROCREDIT PROJECT<br />1<br />
  2. 2. 2<br />WHAT IS A CREDIT UNION?<br />A credit union is a financial institution organised on co-operative basis which provides services only to its members. <br />Credit union members set up a mutual saving fund from which they grant loans to each other under acceptable conditions established for themselves.<br />Members join together on the basis of a territorial criteria and democratically manage the credit union in observance of applicable laws.<br />
  3. 3. NETWORK OF CREDIT UNIONS<br />
  4. 4. STRUCTURE OF CREDIT UNIONS NETWORK IN LITHUANIA<br />CENTRAL BANK OF LITHUANIA (SUPERVISOR)<br />~ 112.000 MEMBERS<br />61 credit unions ( +115 BRANCHES)<br />STATE DEPOSIT INSURANCE FUND (UP TO 100.000 EUR PER PERSON)<br />0,2%<br />CENTRAL CREDIT UNION<br />ASSOCIATION OF LITHUANIAN CREDIT UNIONS<br />FINANCIAL PARTNERS<br />DEPOSITS, CREDITS, INVESTMENTS ...<br />STABILIZATION FUND<br />LIQUIDITY FUND <br />ELECTRONIC PAYMENTS SYSTEM (CENTRAL BANK)<br />PAYMENTS SYSTEM<br />OTHER SERVICES (TRAINING, IT...)<br />INSPECTIONS AND MONITORING<br />OTHER BANKS<br />61 credit unions and 115 branches, 340 mln.EUR in assets, 112.000 members in 15 years<br />
  5. 5. 5<br />LCCU SERVICES TO CREDIT UNIONS<br /><ul><li>Deposits
  6. 6. Loans, overdrafts, credit lines
  7. 7. Interbank local payments
  8. 8. Support of payment cards (debit and credit)
  9. 9. Internet banking
  10. 10. Liquidity fund and liquidity management
  11. 11. Stabilization fund and management of cu solvency
  12. 12. Credit unions monitoring and inspections
  13. 13. Consultancies
  14. 14. Legal assistance
  15. 15. Development and maintenance of IT systems
  16. 16. Training
  17. 17. Marketing
  18. 18. Representation</li></li></ul><li>6<br />CREDIT UNIOMS SERVICES<br />Deposits (current, savings, term deposits accounts)<br /> Loans (mortgage, business, consumer, studies, farming) <br /> Overdrafts, credit lines<br /> National and international payments<br /> Payment cards (Maestro debit and Mastercard credit) <br /> Internet banking <br /> Advices<br />
  19. 19. 7<br />MICROCREDIT PROJECT <br />Project – Microcredit project <br />Lead Partner - Lithuanian Central Credit Union <br />Partners - 57 credit unions in Lithuania (154 outlets/points of sales)<br />
  20. 20. 8<br />ROLE OF LCCU <br />Coordination and administration of project activities<br />Consultation of credit unions on evaluation of business plans<br />Cooperation with social partners<br />Dissemination of information<br />
  21. 21. STRENGTHS OF LCCU<br />LCCU has extensive experience in organizing trainings for employees, board members and credit unions. <br />Every year it organizes in average about 40 trainings, in which about 600 employees and board members participate.<br />Experience in 2 training projects supported by European Social Fund.<br />
  22. 22. Direct contacts with potential participants of the project<br />Support to start-up businesses <br />Evaluation of business plans<br /> Supervision of businesses financed<br />10<br />ROLE OF CREDIT UNIONS<br />
  23. 23. STRENGHTS OF CREDIT UNIONS<br />Close to local communities<br />Active in regions<br />Know how in working with small loans<br />Broad network of points of selling<br />Knowledge of local possibilities, businesses potentials, local businesses<br />
  24. 24. 12<br />LCCU - CU<br />Project consultants provide consultations and analysis/expertise on business plans submitted to credit unions.<br />Credit unions - deeper knowledge of local market and business possibilities.<br />Joint efforts – more realistic and deeper evaluation of business ideas and business plans – capacity building on both sides.<br />
  25. 25. COOPERATION WITH TRAINING PARTNERS<br />13<br />
  26. 26. Business Support/Advice Centres<br />Experience, relationship with small and medium businesses, know how in trainings and consultations in business development issues.<br />Dissemination of information about new financial resources/possibilities to local businesses.<br />Provision of trainings and individual consultations on business establishment/development, cooperation with credit unions.<br />
  27. 27. 15<br />COOPERATION WITH SOCIAL PARTNERS<br />Labour exchange offices <br />Non-governmental organizations<br />Local communities<br />Dissemination of information to priority groups about microcredits and trainings on business development.<br />
  28. 28. 16<br />LCCU - CU<br />Project consultants provide consultations and analysis/expertise on business plans submitted to credit unions.<br />Credit unions - deeper knowledge of local market situation and business possibilities.<br />Joint efforts – more realistic and deeper evaluation of business ideas and business plans – capacity building on both sides.<br />
  29. 29. SOCIAL ASPECTS AND IMPACT <br />Establishment of new businesses<br />More income<br />Decrease in unemployment <br />More active communities <br />
  30. 30. CHALLENGES<br />Uncertanty of economical situation<br />Lack of entrepreneurship skills and knowledge<br />Fear to start own business<br />MOTIVATION, TRAININGS, CONSULTATIONS<br />
  31. 31. 19<br />THANK YOU!<br />19<br />

×