Cablegate: Highlights / Results Report: Community Banking

This record is a partial extract of the original cable. The full text of the original cable is not available.

131146Z Jul 04




E.O. 12958: N/A

1. Description of Activity:
PAS Harare hosted a one-hour TPC on Community Banking
with Liz Kelderhouse, Community Officer for the Federal
Deposit Insurance Corporation (FDIC). Ms. Kelderhouse
outlined the different models of Community Banks in the U.S.
and how they strive to reach out to the less privileged
communities. The Information Resource Center (IRC)
distributed copies of supporting materials to the guests.

2. Date: July 12, 2004

3. MPP Themes and Audience:
Theme: Economic / Democratic Empowerment and Business
Audience: Through this event, PAS Harare reached diverse
audiences ranging from local CEOs from the Banking sector,
representatives from micro financing institutions and NGOs.
A total of 25 new high profile contacts listened attentively
and commented positively on the presentation.

4. Justification and Objectives:
Despite Zimbabwe's relatively developed economy, the
country continues to experience institutional impediments to
financing small scale and community- based enterprises. The
establishment of Community Banks in Zimbabwe is crucial in
providing the much-needed funds by small enterprises that
may not meet the credit requirements of commercial banks.
The TPC increased awareness of the topic and presented the
rationale behind Community banking to the Zimbabwean
commercial banks, NGOs and community financing institutions.

5. Results/Impact:
Very Good. Post was able to reach several key audiences
(i.e.) local banking executives, representatives from micro
financing institutions and NGOs. Some of the guests had
never experienced a TPC and they were very curious about the
TPC procedure. We received positive feedback from the
participants, including several requests to continue this
type of programming. A CEO from the local Deposit Protection
Board who recently visited FDIC in the U.S. felt that the
topic was very relevant to the Zimbabwe's economic
situation. Many participants expressed interest in receiving
more resource materials from the IRC on Community Banking.
The event also played an important role in the Mission's
continued effort to educate Zimbabweans about American
business values and society, thus helping further our MPP
goal of Economic and Democratic Empowerment as well as
business development.

6. Quality of USG Support: Excellent. We commend, once
again, the excellent support from IIP's Eboni York and
Gretchen Christianson.


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