Global Economic REcovERy: How tHE PooR can HElP SavE caPitaliSm HoPE Global Financial Dignity Summit Dignity november 13 - 14, 2013 atlanta, Georgia OPERAT ION GLOBAL FINANCIAL DIGNITY SUMMIT Table of Contents Summit Host Committee ...........................................................................................................2 Welcome Letter .........................................................................................................................3 Summit Co-Chairs ......................................................................................................................4 Honorary Co-Chairs ...................................................................................................................5 HOPE Global Financial Dignity Summit Agenda .....................................................................6-11 White House Special Field Meeting .....................................................................................12-13 Summit Co-Convening Partners ...............................................................................................14 Master of Ceremonies .............................................................................................................15 Keynote Speakers ...............................................................................................................16-17 HOPE Commitments ................................................................................................................18 CEO General Plenary Session Free Enterprise, Capitalism and Financial Inclusion ...........................................19 Working Group Sessions Banking the Unbanked: One Size Does Not Fit All ..............................................24 Making Finance Mobile: Banking with Any Device, Anywhere for Everyone........26 Youth Economic Energy and Understanding the Entrepreneurship Paradigm ......28 The True Cost of Disaster Preparedness - Unprepared and Prepared ..................30 Building a Framework for Change Through Philanthropy ...................................32 Sustainable Finance (Access to Capital) .............................................................34 The Power of Good Credit (Growing jobs in emerging markets) .........................36 Building Wealth through Homeownership, Post Crisis .......................................38 Afternoon Plenary Session Financial Inclusion in Emerging Markets Around the World ...............................41 Closing Plenary Session Human Dignity .................................................................................................47 Awardees ................................................................................................................................51 Sponsors ............................................................................................................................52-54 In-Kind and Media ...................................................................................................................55 Acknowledgements .................................................................................................................56 About Operation HOPE .......................................................................................................1 57-59 Global Economic Recovery: How the Poor Can Help Save Capitalism Summit Host Committee Cassius Butts Regional Administrator for Region IV U.S. Small Business Administration (SBA) Kenneth Carrig Corporate Executive Vice President, Chief Human Resources Officer SunTrust Banks, Inc. Curley M. Dossman, Jr. President Georgia-Pacific Foundation John Eaves Chairman Fulton County Board of Commissioners Jeff Fendler President Primerica Life Insurance Company Helene Gayle President and Chief Executive Officer CARE USA John Grant Chief Executive Officer 100 Black Men of Atlanta, Inc. Ed Jennings Southeast Regional Administrator U.S. Department of Housing and Urban Development (HUD) Henry Kelly President 100 Black Men of Atlanta, Inc. Milton Little, Jr. President and Chief Executive Officer United Way of Metropolitan Atlanta Penelope McPhee President and Trustee The Arthur M. Blank Family Foundation Ceasar Mitchell City Council President Atlanta City Council A.J. Robinson President, Central Atlanta Progress Atlanta Downtown Improvement District Carolyn Young Vice Chair Andrew Young Foundation 2 GLOBAL FINANCIAL DIGNITY SUMMIT Summit Host Committee Welcome Letter November 14, 2013 Dear Summit Delegates, For over 20 years, Operation HOPE has worked to advance and empower the poor and underserved, both nationally and internationally. On behalf of HOPE Global Spokesman Ambassador Andrew Young, the HOPE family and myself, HOPE Founder, Chairman and CEO, we welcome you to the 2013 HOPE Global Financial Dignity Summit. The 2013 HOPE Global Financial Dignity Summit, themed “Global Economic Recovery: How the Poor Can Help Save Capitalism”, is focused on ‘Silver Rights’, financial inclusion and empowerment of a generation. The Global Summit will frame the issues of financial inclusion, small business, entrepreneurship, jobs, and financial dignity as essential core ingredients for mid-term and long-term economic recovery and stability for all. Since 1992, Operation HOPE has been committed to social innovation and lifting the spirit of entrepreneurship and financial dignity through financial literacy, economic empowerment and financial inclusion programs and services. Over the past two decades HOPE has raised or directed more than $1.5 billion for investment in low-wealth communities across the United States, as well as South Africa, Saudi Arabia, United Arab Emirates and Morocco. HOPE has rallied leaders from government, community, faith and the private sector to support our efforts to create homeowners, small business owners and counsel thousands of victims following devastating disasters, such as Hurricane Katrina, the Boston Bombing, Colorado Floods and Hurricane Sandy. Utilizing more than 20,000 volunteers, HOPE serves as the leading provider of financial literacy education and financial dignity programming in America’s most underserved communities, present in more than 300 cities nationwide. We are the largest delivering system for the urban economic empowerment in the nation. The Global Summit is the staging area for the gathering of commitments for business role models, business internships, youth entrepreneurship business grants, and other commitments for action in underserved communities. Operation HOPE is committed to completing the unfinished work of Dr. Martin Luther King, Jr., namely the Poor People’s Campaign, through the ‘Silver Rights Movement’. We would like to thank all the speakers, sponsors and delegates for providing their time, energy and insight, during this critically important time, to begin the process of effectively “turning the page,” toward viable long-term, systemic and sustainable solutions to our economic problems. At a time here in America, and around the world, when many are frustrated with the state of capitalism, we, with the Summit, are very excited to begin to answer the question “how the poor can help save capitalism,” and inspire a new generation of entrepreneurs and business leaders around the world. Ambassador Andrew Young John Hope Bryant Civil Rights Icon Founder, Chairman and Chief Executive Officer Chairman, Atlanta Olympic Games Operation HOPE, Inc. Chairman, Andrew Young Foundation HOPE Global Spokesman 2 3 Global Economic Recovery: How the Poor Can Help Save Capitalism Summit Co-Chairs Ambassador Andrew Young Chairman, Andrew Young Foundation Andrew Young has always viewed his career through the lens of his first career— that of an ordained minister. His work for civil and human rights, his many years in public office as a U.S. Congressman, United Nations Ambassador and Mayor of Atlanta, his leadership of the Atlanta Olympic Games, his advocacy of investment in Africa through GoodWorks International, and the establishment of the Andrew J. Young Foundation are all in response to his call to serve. Ambassador Young brings a unique perspective, honed by his wealth of experience in national and global leadership, to his focus on this era’s challenges. He confronted segregation with Dr. Martin Luther King, Jr. and galvanized a movement that transformed a nation through nonviolence. Young was a key strategist and negotiator during the Civil Rights Campaigns in Birmingham and Selma that resulted in the passage Civil Rights Act of 1964 and the Voting Rights Act of 1965. He was elected to the U.S. Congress in 1972, the first African-American elected from the Deep South since Reconstruction. Ambassador Young is the author of three books: A Way Out of No Way; An Easy Burden; and Walk in My Shoes. He is the father of four and the grandfather of eight. Ambassador Young and his wife, educator and civic leader Carolyn McClain Young, reside in Atlanta. John Hope Bryant Founder, Chairman and Chief Executive Officer, Operation HOPE, Inc. John Hope Bryant is an entrepreneur, author, advisor, and one of the nation’s recognized empowerment leaders. Coming from modest means in South Central Los Angeles, Bryant has built successful for-profit enterprises and best-in-class non-profit organizations with global impact, over the past 30 years. He has helped form financial literacy-to-entrepreneurship federal public policy for U.S. federal government, working under both Democratic and Republican U.S. Presidents. Mr. Bryant is founder, chairman and CEO of Operation